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    How to Make Money Trading Stocks and Commodities: Finally...A Sensible Approach for the Intelligent Investor
    How to Make Money Trading Stocks and Commodities: Finally...A Sensible Approach for the Intelligent Investor
    How to Make Money Trading Stocks and Commodities: Finally...A Sensible Approach for the Intelligent Investor
    Ebook226 pages2 hours

    How to Make Money Trading Stocks and Commodities: Finally...A Sensible Approach for the Intelligent Investor

    By George R. Sranko

    ()

    Read preview

    About this ebook

    The small guy is up against tough competition when it comes to making money consistently on stocks or commodities. This book gives you the essential keys to making consistent money on the markets in your spare time! "I wrote the book I wish I'd had when I started to trade," the author tells people. "Charts and technical analysis provide the only real edge available to the average, small investor. This book provides you with a simple, yet brilliant strategy that can provide you with the money-making skills that will serve you for a lifetime."

    Find out:

    methods for selecting the most profitable trades used mainly by professional traders;

    detailed entry and exit strategies and techniques;

    how to minimize risk and maximize profits.

    LanguageEnglish
    PublisheriUniverse
    Release dateJan 18, 2000
    ISBN9781469743943
    How to Make Money Trading Stocks and Commodities: Finally...A Sensible Approach for the Intelligent Investor
    Author

    George R. Sranko

    George Sranko has been a scientist, writer, publisher, commodity trader, philosopher and humorist. As a successful market trader, George communicates what he has learned from actual experience in trading his own accounts. In addition to his book and special reports on investments, George has published an investment newsletter for small-but-serious commodity traders. In the past, he was a regular contributor to the Canadian MoneySaver, a national financial magazine. His articles have appeared in national Canadian magazines and newspapers and he's made several radio and TV appearances on Canadian networks. He's working on another book Boundless Mind; Expanding Creativity and Awareness and enjoys writing provocative articles that provide new perspectives. He has written extensively on abundance, both inner and outer, and on creativity and awareness. His approach to life can be summed up in the following quote, "Act always as if the future of the universe depended on what you did, while laughing at yourself for thinking that whatever you do makes any difference."

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    • 5/5
      good system(breakout strategy) though dated some experts and traders would say.

    Book preview

    How to Make Money Trading Stocks and Commodities - George R. Sranko

    How to Make Money

    Trading Stocks &

    Commodities

    George R. Sranko

    toExcel

    San Jose New York Lincoln Shanghai

    How to Make Money Trading Stocks and Commodities

    All Rights Reserved.

    Copyright © 1990, 1999 by George R. Sranko

    No part of this book may be reproduced or transmitted in any form or by any means, graphic, electronic, or mechanical, including photocopying, recording, taping, or by any information storage or retrieval system, without the permission in writing from the publisher.

    This edition published by toExcel Press, an imprint of iUniverse.com, Inc.

    For information address: iUniverse.com, Inc. 620 North 48th Street Suite 201 Lincoln, NE 68504-3467 www. iuniver se. com

    Commodity charts used in this book have been reproduced courtesy of Graphix Commodity Charts. Stock charts used in this book have been reproduced courtesy of Independent Survey Company, Vancouver, B.C. Canada. Copyright 1987 by George R. Sranko.

    ISBN: 1-58348-555-4

    ISBN: 978-1-4697-4394-3 (ebook)

    Contents

    Preface

    Introduction

    The Big Picture

    1. Potential For Growth

    2. Leverage

    3. Limited Risk

    4. Timeframe

    Plan Or Gamble

    No Hoopla

    Success Strategy

    The Big Picture

    Have A System

    A System For You

    The Journey

    Summary

    Why Make Money ?

    Goals

    Visualization

    Narrow The Target

    Deadlines

    Motivation

    Priorities

    Summary

    Master The Line

    A Trading Strategy

    Price Charts

    Importance Of Charts

    Range

    Price Quotes

    Charting

    Trends

    Duration Of Trend

    Putting It All Together

    What Is… Is

    Breaking A Trend

    What Is A Trend?

    Strength In A Trendline

    1. Price Level

    2. Movement

    The Trouble With Bargains

    Technical Versus Fundamental

    Market Psychology

    Narrow The Field

    Trading Intelligently

    Summary

    Trade Patterns Successfully

    Price Patterns

    Business Decisions

    Tradeable Patterns

    An Established Range

    Pattern # 1:

    Sideways Channel

    Surging Markets

    Pattern # 2: Sequential Waves

    Wave Theories

    Summary

    Intelligent Trading Tactics

    Intelligent Trading

    A System

    Rules Of Trading

    Automatic Entry And Exit

    Emotion

    Sranko’s Rules Of Trading

    The Market Determines Timing

    Size Of The Order

    Building Pyramids

    The Stop Loss

    Pre-Calculate Loss

    Technical Considerations

    Reversal Points

    The Importance Of Automatic Protection

    Trailing Stop Loss

    Maximizing Profit

    Surging Market Stop-Losses

    Summary

    Trading Stocks

    A Line Is A Line…

    Overwhelming Choice

    How To Trade Stocks

    Fundamental Factors

    Stock Charts

    Strategy For Trading Stocks

    Stocks Vs Commodities

    Summary

    Trading Commodities

    Leverage

    Change In Value

    Paper Trades

    Commodity Labels

    Which Option?

    The Pits

    Longs And Shorts

    Selling What You Don’t Have

    Basis In Commodities

    Seasonal Indicators

    Limit Moves

    Market Opportunities

    A Line Is A Line…

    Trading Currencies

    Precious Metals

    Mutual Funds

    Summary

    Appendix

    Programmed Learning Charts

    I. Instructions

    Price Data Table

    Price Data Table

    Programmed Learning Charts Section Ii

    Working Price Charts

    Bibliography

    Glossary Of Trading Terms

    This book is dedicated to two special people sharing my journey through life; my wife, Jan, and my son, Ryan. They challenge me to do my best every step of the way.

    With fun and excitement.

    Preface

    As we enter the third Millennium, there are more and more exciting opportunities for investment. The internet is drastically changing the marketplace and opening a whole new world of possibilities for each of us. Technology in the coming decades will no doubt provide us with tools that we can hardly even imagine today.

    At the same time there are ominous signs that cannot be ignored. Humanity is without a doubt dramatically stressing the very life-support systems that all life-including ours—relies on. We need to remember the basics; clean water, clean air and clean soil. Without a healthy environment we could be super-rich but we would be living the lives of paupers! Imagine a world where you can’t breathe without inhaling noxious fumes, can’t drink without tasting chemical additives… The true measure of wealth is in our relationships, our quality of life and the quality of our environment.

    The techniques I provide in this book work and they work well. By using the approach set out here you can dramatically increase the profit potential of every investment you make. However, like all tools, these must be used wisely.

    I challenge you to take aim with your money! Use your investments to support companies, commodities and products that are beneficial to society and to the environment. Before you decide to invest money in a tobacco manufacturer consider how many teenagers who become hooked today will die premature deaths because of lung cancer. Before you invest in a pesticide manufacturer or distributor of genetically modified foods or seeds, consider the cancer-causing agents and genetic disasters-in-the-making being spread throughout our precious air, water and soil.

    Use the tools I’ve provided in this book wisely, for the health of all and for the continued abundance of our home, our planet—earth. Don’t invest in harmful chemicals, deadly armaments, sweat shops using child labor (modern day slavery)-decide to make a positive difference instead! Point your capital in the direction of a positive future for all.

    May the coming Millennium bring you and your family much joy and abundance.

    Sincerely, George Sranko Victoria, B.C.

    http: / /by-George, net/Abundance/

    For more info e-mail: abundance@by-george.net

    INTRODUCTION

    The book in your hand is unlike any other book I have read on the subject of investing or trading the markets for profit.

    It is written for the intelligent investor who wants to make a reasonable second income through actively investing in stocks and/or commodities. It is for the person who is not satisfied with someone else calling all the shots or waiting for passive investments to go somewhere.

    What I have presented here is a sensible approach to trading based on the experience I have gained over years of active trading. If you are an inexperienced investor who would like to trade stocks and commodities but have no idea of where to begin, read on! You will find much of this material just what you are looking for.

    Using the approach outlined here you will be able to select stocks or commodities with good profit potential quickly and accurately. You will learn how to trade them from the day you buy until the day you sell (or vice versa). You will learn how to prevent unacceptable losses and turn potential gains into real profits. You will learn automatic entry and exit techniques used primarily by professional traders.

    My system is also for the experienced trader who wants to maximize profits and perhaps make up for previous losses. It shows you how you can select the best trades without having to wade through years of financial reports and endless newspaper items. It includes detailed information on how you can narrow your research to the few stocks or commodities with the best potential to make money.

    I am excited about the material presented in this book. I

    really believe that this information can change your life by making your trading more rewarding. It has changed mine. With the trading and account management techniques presented here you can realistically expect to make a meaningful amount of money within the next few years.

    I don’t think of myself as an investor. Investing in the traditional sense is similar to buying a lottery ticket. Very often there is no plan, no strategy, no discipline. If you win it is most often simply a matter of luck. I am more interested in making my own trading decisions based on skill and knowledge; and living with the results.

    I consider myself a business manager-the manager of my own trading account. I put my capital to work for the best possible returns. My objective is not 6% or 7% (less after inflation); it is to provide a meaningful source of income to live the lifestyle I choose. I am willing to work towards that end by learning and applying strategies that have proven successful in the past.

    I have found that the stock and commodity markets consistently provide returns of 100% to 500% (even 1000%) on the original investment. Level of risk is managed along with all other aspects of my account. The exact amount of money at risk is pre-calculated and trades are entered only if a loss would not jeopardize more than 20% of the account.

    The approach I use provides more than simple rules for buying and selling; it is a complete system for managing your own account in a business-like manner. Perhaps for the first time in your investing career

    As I gained experience I came to realize that winning boils down to one thing; the correct perspective. The right attitude is the determining factor in successful trading, or any other pursuit.

    There are always positions to take, stocks and commodities to trade, bull markets to get in on… your job is not to trade them all but to trade only the ones that give you the best opportunities for making money. Based on your goals and investment criteria-not those of your broker, or your best friend, or a newspaper columnist.

    Let the market point the way by learning to trade based on what the market is actually doing, not on what you wish it was doing.

    How do you identify a good market to trade?

    How do you determine the best time to get in and get out?

    Answer these two simple questions successfully for the majority of your trades and you will come out a winner.

    Let me show you how in this book.

    Chapter 1

    The Big Picture

    Investment Criteria

    The goal of this book is to introduce a reasonable strategy for anyone, almost anywhere, with a couple of thousand dollars or more to invest to make a meaningful amount of money on the stock and commodity markets. Not 6%, 7%, or 8% return but 100%, 200%, 500%

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