lol... my girlfriend just got this sent to here. he makes it sound so easy. Subject: Wall Street's dirty little secret ... Date: Sun, 08 Sep 2002 08:29:59 +1100 It was the Spring of 1979. I was just a tall, goofy looking kid in middle school with buck-teeth and freckles. Each day in the cafeteria, I walked from table to table ... Stealing other kids' lunch money. No, I didn't rob them with a gun or a knife - I just made them a little deal. "Let me borrow two dollars today," I said, "and I'll bring you five dollars next week." The investment was too good to pass up, and other kids were throwing their lunch money at me like gravy on mashed potatoes. Of course when "next week" rolled around and I couldn't pony up the cash, I promised to pay them even more the week after that, if they would just let me keep their investment a little bit longer. Eventually the end of the year came and went, high school started and with it came girls, and homework, and parties, and sports, and those poor kids from eighth grade had more things on their mind than last year's lunch money. I made off with a tidy sum for a middle school kid, and I didn't even get beat up. Hidden inside this story are the two greatest stock market secrets you will ever learn. First of all, greed is your number one enemy. You're not going to turn $2 into $5 in a week, so cash out when you're ahead. Don't wait for the boat to sink before grabbing the lifejacket. Second, never trust an investment adviser of any kind. They are looking out for their own money, not yours. The "professionals", those stuffy investment counselors and money managers, will always tell you that the best time to buy is NOW. According to those guys, the longer you keep your money in the market, the more money you're going to make. Ask them when is the best time to sell and their answer is "NEVER". In a sense, they are right. If you put $250,000 in an index fund right now, you'll probably have over a million dollars in thirty or forty years. But here's the problem: Do you want to WAIT thirty or forty years to be rich? Hell no! You want the money NOW - so you can enjoy it. It's hard to make use of your fortune when you're seventy years old in a wheelchair. If you could make a million dollars in the next few years, what would you do with it? Where would you travel? What kind of car would you buy? The fact is ... youth is the best time to be rich. If your goal is to make quick profits in the market, volatility is your ally, and stability your enemy. You want to see those large upswings, two hundred points in a day, followed by the four hundred point crash a week later. You don't care if the market went up or down 20% this year as long it was UNSTABLE. That's how you're going to make the money. What I'm talking about here is day trading. My father invests the traditional way; he holds some good stocks and he goes up 30K and down 30K. In the long term of 5-10 years he makes money. The day trader buys or sells 5,000 shares of XYZ for a $25,000 profit in a 5-10 minute trade. He acts quickly, taking advantage of all the information at his disposal about a certain stock, and estimating whether it will go up or down within hours, sometimes within minutes. I can teach you how to do this - and how to make amazing amounts of money at it. It's not rocket science, and you only need to learn a few basic principles to get started. Society would have you believe that successful trading is complicated and requires formal training. The truth is, wealthy people use very simple investment strategies to make money. Popular media and investment professionals portray successful trading as difficult and complex to scare you out of the boxing ring. They don't want the competetion - and they sure as hell don't want you paying a few dollars to an online trading firm to execute a trade for which they'd charge you forty or fifty dollars. They make their money only if you believe two lies: 1) That investing is too difficult and risky for the average person. 2) That using an investment adviser who charges a high commission is safer than trading online for a few bucks per trade. Here is what the financial gurus in today's society absolutely, positively DO NOT WANT YOU TO KNOW ... The strategies for profitable day trading are in fact so simple that anyone can do it - provided they spend a few hours of studying. After reading over 200 financial books and publications during the past decade, and after using day trading to successfully make more than four million dollars in the stock market, I've learned the following lessons: ** Achieving financial success is incredibly simple. ** Anyone can do it. ** It only takes a few hours to learn. When I discovered the secret to day trading, I didn't become wealthy overnight. If you want instant cash, drive to Wal-mart. Buy a ski mask and a shotgun, and rob your local bank. The only way to get rich, quick or otherwise, is through hard work, knowledge, and determination. After learning the fundamentals of day trading, I started practicing the trading art itself, and the first few weeks brought modest gains. The next few months gave me the practical experience I needed to really earn a living, and I was pulling close to a six figure income. In less than three years with no formal financial training, minimal effort and only moderate risk, I had made my first million. The knowledge that I gained during those formative trading years I am willing to share with you in my new book, the Master Trader. You will learn from my mistakes, and from my successes, as I teach you the simple, secret formula for day trading that I've used profitably year after year. The income of the day trader can be staggering. Thousands, even hundreds of thousands of dollars can be made or lost within minutes. The difference between making money and losing your shirt is simply this: knowledge. I will provide that knowledge, and I will give you a winning edge at this high-stakes game. Average Income of a Day Trader: 5% average an income in excess of $500,000 per year 22% average an income in excess of $250,000 per year 35% average an income in excess of $100,000 per year. 27% average an income between $50,000 and $99,999 per year 11% average an income between $20,000 and $49,999 per year After reading the Master Trader, you will discover extremely profitable, simple yet powerful trading methods that give you an almost unfair trading advantage and make you win DESPITE the current market weakness. Here is just a snippet of what I will teach you: *** Make money whether a stock goes up or down. *** Learn how to get in and out of stocks within split seconds. *** Learn exactly what stocks to trade, the exact price to buy them and the exact price to sell them. *** Save thousands of dollars by learning to avoid the mistakes beginners make. *** Learn how to trade stocks like a pro and how to make money consistently in every market! *** Learn proven strategies that give you the highest chance for great success. *** Profit on huge intraday price swings. *** Make money on the biggest news stories. *** Actively manage your risks and learn how to realize maximum returns. *** Learn how to use the tools and information Wall Street professionals use. *** Learn how to develop and maintain a winning state of mind. It's time to ask yourself: "Am I going to listen to the Professionals who say BUY BUY BUY but never sell? Or am I going to take control of my own financial future, and start making money RIGHT NOW in the stock market?" Who is looking out for your best economic interests - some wealthy Wall Street stockbroker, or yourself? With the Master Trader e-book, you will learn everything you need to know in order to get started with Day Trading ... from choosing the best broker in order to take advantage of the lowest commissions and instant order executions to professional trading strategies that make professional traders millions of dollars. The Master Trader e-book is the most comprehensive yet easy to understand and straight-forward book ever written about active trading. If you are serious about success in short term stock trading - ORDER TODAY and start paving the road to your own financial future. Oh, and remember that scraggly kid in the eighth grade? His high school friends laughed when he said he was going to make money in the stock market. Six years later, he bought a beach-front home on the California coast - WITH CASH. Oops, they weren't laughing anymore. In a rollercoaster market like we have today, day trading is the fastest track to wealth. If you're looking for a long-term retirement investment with no risk that goes up 5% a year, then by all means, this ain't your kind of game. But if you want the QUICKEST possible way to make a FORTUNE in the market, with the lowest element of risk, then order the MASTER TRADER e-book right now. I promise to teach you ALL of the secrets that helped me become a millionaire through successful day trading. You don't need to know anything about the market, and anyone can do it, with minimum effort. It's an easy game to win if you know how the pieces move. Order the MASTER TRADER e-book right now for only $49.97 by clicking on the link below: http://4tools4life.com/qs
the response to this stuff is always: if he's such a good trader, why is he trying to make money off a book (or something)? just make that "$25,000 profit" in a "5-10 minute trade." either that, or sell 500 books.
The guy gave himself away as a crook since the eighth grade...He took the lunch money, promised them he would pay them back next week or the week after that or next month, etc, etc Now he is just taking the sheeps money based on the same concepts of immediate gratification and just using a new group of sheep to replace the former with the same results... Old habits die hard, I suppose...
The story is obviously made up, however, the crook part is the hook for his customer base who obviously view that part as a positive thing.