Instant Profits with Bill PoulosInstant Profits with Bill PoulosFor a few days only you can experience a special 'sneak preview' video of Bill Poulos' Instant Profits hands-on trading method. This video contains some of the actual 'secrets' that only paying students normally get access to. Get the first four chapters of Instant Profits free. See if you're not convinced.
Read genuine testimonials for Bill Poulos's Quantum Swing Trader from his students and Instant Profits customers.
Bill Poulos interviewed by Norman Hallett
After several attempts, trader Norman Hallett was finally able to get through to Bill and got Bill to agree to do an interview. In fact, this is the ONLY telephone interview Bill has EVER DONE. However, Bill made Norman promise that the interview would be hard-hitting, pertinent and quick. He didn't want to waste time with chit-chat and B.S.
Previously only available to Norman Hallett's private clients, this quick-paced, 15-minute interview gets you inside the mind of trader Bill Poulos. In it, you'll learn a bit about his trading background and why he developed his groundbreaking trading courses.
Find out who Bill's secret 'computer genius' is and just what exactly he did to make Instant Profits and the Super Divergence Blueprint a reality.
Get a broad overview of the trading methodology behind Instant Profits and its companion method, the Super Divergence Blueprint.
It's a quick download (less than 1 MB in size), so you can listen to the interview almost instantly.
Get the Bill Poulos Interview here.
The heart and soul of Instant Profits, and any other successful trading system, is a tight money management discipline. Bill Poulos repeats what we have heard many times before...do not risk more than 2% of your account on any one trade. That fundamental rule is the starting point for determining position sizing.
You must also be disciplined when closing positions. Losing positions can not be allowed to erode your gains.
Too often traders stay in losing positions, hoping that the stock market will reverse its course, or simply rationalizing that they need to give the position more time to become profitable. It is far better to close positions that have moved against you and move on to the next trade.
Not only must you be disciplined when dealing with losing positions, but you must employ that same coolness with your winners. Develop a method for taking profits.
Once you have developed and tested your method of profit taking, do not allow yourself to deviate. Too often we allow ourselves to fear possible further upside. While we hold onto a profitable position, we risk losing those profits in a market reversal.
As you survey various trading systems, question whether money management is being properly employed. Too often it is not. Strong money management is critical. Develop self-discipline and employ it in your trading.
Bill Poulos began as a trader. What separates him from others is the fact that he has learned the hard lessons and has developed the discipline that is necessary to be profitable on a sustained basis.
Once he realized that the losing trades are inevitable, it allowed him to focus upon designing a system that would permit him to trade the markets effectively. Every trading system begins with a hypothesis, which must then be tested and confirmed using historical data. Skipping this step is dangerous, because you are entering the market without a reasonable expectation of what to expect in terms of profitability.
Once you have tested and refined your system, it is then possible to enter the market with realistic expectations. It is when we begin modifying our systems without first testing the changes that we risk unknown dangers.
Methodical system testing is a necessary part to successful system design.
The first advice Bill provides is that anyone who is not well educated concerning stock options should not even think about trading them. It all begins with education. That education can be derived from self-study of various texts, home study courses, or live seminars.
If trading daily charts with Instant Profits, you would do well to focus upon the simple purchase in-the-money calls for bullish trades and puts for bearish positions. Look for a delta of .70 or .80, so that your option closely mimics the stock's price movement.
Most trades last seven to eight bars, which provides little opportunity for out-of-the-money contracts to appreciate absent abnormally large price moves. Spreads will also suffer from the short time frame.
Trading weekly bars expands the time frame considerably. This expanded time frame makes the use of out-of-the-money contracts a more viable strategy, especially with high beta stocks.
Advanced option strategies, such as spreads, not only become more viable with an extended time frame but may also become necessary considerations when evaluating risks in addition to adverse price movement of the underlying stock. Such risks may include collapsing volatility and theta decay.
See genuine testimonials from Bill Poulos's Quantum Swing Trader students and customers.