Podcast

TME 012: Mutual Funds

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In 2013, an estimated 96 million individual investors owned mutual funds and held 90 percent of total mutual fund assets directly or through retirement plans at year-end. Altogether, 56.7 million households, or 46 percent of all U.S. households, owned mutual funds. Household ownership of mutual funds has remained steady over the past decade. Mutual funds represented a significant component of many U.S. households’ financial holdings in 2013. Among households owning mutual funds, the median amount invested in mutual funds was $100,000.

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Trading System Performance

TME 011: September 2014 Week Performance

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TRADES

 We track our accounts day by day against the back test results. If you do this and find big variance then there is a problem. The back test accounts for gaps so the only variance would be the entry or exit.

The trades made so far in September are following:

  • 9/3 – sold APPL Long position from August
  • 9/3 – bought more TQQQ to balance account

 

PERFORMANCE

GOLD

So far in the month of September in the tracking account we started the month with $17700. At the close on 9/19 this account had $20162.93. That is a 13.91% increase from the month of August.

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Trading System Performance

TME 010: August 2014 Trading System Performance

Trading System Performance
Trading System Performance
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Trading System Performance for The Market Engineer Trading System

When trading a system it’s always a good idea to keep a good trading journal. Some people use a journal to determine what they did wrong. We keep a journal to match our system with actual performance. Today we will talk about our trading system performance for August 2014. The two memberships we will talk about are the Gold Trading System and the 401K Trading System.

 First we will talk about the trades that were made during the month of August then we will talk about the trading system performance.

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Beat The Bee

My dad wanted bees. One day while at work my brother noticed that a group of bees had swarmed onto a tree outside. So dad and I developed a plan we would catch the bees and put them in his bee box and the six months later have honey. 

That night we went up to the factory with a five-gallon bucket. The plan worked. I held the bucket and my dad raked them off the limb into the bucket with a brush. Now to most people this would have been unbearable and to some it would have been dangerous. We did not have bee suits on. I had bees on my face crawling all around.  There were thousands of bees. I was only stung five times. That is a small price to pay for the big payout. The payout would be gallons and gallons of sweet pure homemade honey.

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Podcast

TME 009: The 1%

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In this session of The Market Engineer Podcast we will talk about the 1%. Where did they come from, where did they get their money, and why do so many people hate them?

 

 

2-Month Challenge I challenge you to sign up for one of our systems.  You will get 2 months free on any system you choose (the gold has all the systems included). Get an account that lets you paper trade or find an app on your phone, test the system, follow the system, then believe in the system. Do not trade a system that you do not believe in.

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Podcast

Ride The Wave

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I’m always amazed at how a surfer stays on their board. There are many things a surfer needs to be a good surfer. The good surfer needs a board, good balance, and lack of fear. This is a must for a good surfer, but the number one thing that a surfer needs is a wave. Without a wave there will be no surfing. 

Trading is the same way you need a good system and a lack of fear, but without the trend (wave) there is no trading. 

Be patient the wave (trend) will come.

 

 

2-Month Challenge

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Podcast

Creature of Habit

I stopped at the gas station the other day and realized that I am a creature of habit. I have filled my car up at this station for years. When I need gas that station is usually where I go. One day a couple of weeks ago I went and the pumps were broken. It was very annoying because it is not the first time it happened. I had to leave and get gas somewhere else. I said I would never go back. The next week I needed gas and whip in there, got out, and started pumping. I then realized that I was not supposed to stop there anymore. I got gas fine and the pumps worked but I realized that I am a creature of habit.

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Podcast

TME 008: Day Trading

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In this session we will talk about a type of trading style called day trading. Can money be made day trading? Is day trading realistic for the average trader? Do you have the time to day trade? What does it take to day trade?

 

 

2-Month Challenge I challenge you to sign up for one of our systems.  You will get 2 months free on any system you choose (the gold has all the systems included). Get an account that lets you paper trade or find an app on your phone, test the system, follow the system, then believe in the system. Do not trade a system that you do not believe in.

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Podcast

Stop The Yelling

What happens when we yell? It is a sign of panic. If you were in a burning building and it was on fire then you should yell. If you are at a football game and your team scores then you should yell. If someone yells stop as you cross the street you should stop.  

In trading there should be no yelling. There should be no panic. Why do people listen to stock advisers who yell to get attention? The media knows that more yells equals more sells. That is the reason they yell.

Stop trading on fear and panics and get systematic about your trading.

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Podcast

Trading is Boring

The Market Engineer

Everyone knows that to be productive its good to have a list it’s good to have goals. Most people like a little spice in life. They like to be a little spontaneous. Everyone knows that there are times when you need to put the list aside and just have fun. Go for a walk with the kids. Play in the sprinkler in the back yard. We need to have fun. Life is different from trading.

Someone has said that good trading should be boring. It should not be a rush. It should not be fun. It should be systematic.

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Podcast

The Light Bulb Moment

The Market Engineer

 

People hate math. People are scared to death of math. Why? It is because they do not understand it. One day I sat in math class and the teacher wrote equations on the board that I did not understand.  I tried to figure it out and then the light bulb went off. I got it. It all became clear. When it became clear all math became easy to understand.

The same thing happened in trading. I tried to figure it out then one day the light bulb went off. In books they say you have to have a system. I did not understand. In videos they say you have to have a system. I did not understand. Then I developed a system from the math background that I talked of above.  I then followed the system. I tested the system. Then I believed in the system. Belief is the final step. 

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