Browsing articles in "News"

Superman Creates Five Millionaires

Mar 19, 2015   //   by Profitly   //   News, Profitly  //  Comments Off on Superman Creates Five Millionaires

A huge congrats to Superman and his students! In just one year, his strategy has helped five people become millionaires (or soon to be)!! Here is a post from his blog detailing his strategy and highlighting the success of these five people.

My strategy has 3 different types of trades with the chief goal being to MAXIMIZE gains and MINIMIZE losses. I have parameters for each type of trade that teach when to buy and sell. I do not have to be correct 100% of the time I just have to be disciplined and that is what I teach in my Stock Trading Rules. Using this strategy that I now teach, for over 10 years I was able to greatly supplement my income while still excelling at my full time job and now I am able to be my own boss and a self-made millionaire!!!

And while becoming a millionaire and achieving financial independence is great, what motivates me to teach other traders are two things.

1) I want to prevent people from making all the painful mistakes I made and share in the successes from 18 years of trading. While I have had great success along the way and have for 15 years always found some of the best momentum movers before they happen, I also made many heartbreaking and painful mistakes along the way. I devised my entire strategy of rules and discipline from my failures as well as my successes. I want to prevent traders from blowing up their accounts and losing all of their money, which I did MANY times growing up as a trader. Not many people will admit it, but I do and it was DEVASTATING. My rules and strategy can save traders years of painful hard knock lessons and teach them to compound and build wealth at amazing returns while preserving capital.

2) I want to make as many people financially independent as I can !!! I get more satisfaction from seeing my students become financially independent than I do myself (Don’t get me wrong being your own boss is AMAZING). I am driven to use my strategy to help as many people as I can because I KNOW and BELIEVE it works and have proof as you will see in this blog. Whatever financial independence means for you , being your own boss, becoming debt free, being able to help loved ones and friends, that car you want, owning your own house free and clear…….I want to help you get there !!! The greatest satisfaction in all of this is when I get messages from people that tell me my strategy has helped change their financial life and they are now financially independent !!!

But make no mistake, learning the stock market takes hard work. I do not want the lazy, the get rich quick with no effort dreamers, the weak charactered that cringe when the going gets challenging, and the people that just want stock picks and are looking to be told what to do.

I want those that want to be leaders !! They want to learn to eventually find their own stock picks and right away be able to make their own decisions when to buy and sell, maximize gains and minimize losses, and compound wealth based on my PROVEN strategy. Remember I nor anyone is 100% accurate nor do I claim to be. I claim to be able to compound wealth by maximizing the trades that work (the majority do) and minimizing the trades that do not (not every trade will work nor does it).

In One Year My Strategy Has Influenced These Five People Into Soon To Be Millionaires !!! What characteristics do they all shares? Hard working, self-motivated, independent thinkers, view mistakes as learning opportunities, thick skinned and most of all they are NOT people who are just there to blindly follow my alerts as I trade my own money.
Sure many times they make bank off my educational buy and sell alerts as I manage my own money. But when they see me make a trade they use what they have learned from my strategy to evaluate if my idea is for them and if so when to buy and sell. They never chase alerts from ANYONE. Many times they are finding their OWN trading ideas and incorporating my research style, trade parameters, and rules into their own personal strategies and strengths to build wealth that is unheard of for a person like me that worked since I was 13 and struggled with bills and debt for YEARS!!!
In One Year My Strategy Has Influenced These Five People Into Soon To Be Millionaires !!!

1) @Triforcetrader on Twitter. He has made over $600,000 VERIFIED in 2014. Matt took my bootcamp in the first quarter of 2014. He is now also an important, value added moderator in my chat room.

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2) @IncredibleTrade on Twitter. He has made over $450,000 VERIFIED. Mr I. or IT as we like to call him for short in my chat room, has been following me on twitter since 2009 and has been a member of my service since I started it in November 2012. He is now also an important, value added moderator in my chat room.

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3) @DrMatt30 on Twitter. He has made over $376,547 VERIFIED in 2014. Matt took my bootcamp in the first quarter of 2014. He is now also an important, value added moderator in my chat room.

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4) @TraderX76 on Twitter. He has made over $259,106 VERIFIED in 2014. Ryan has been with my service for a little over a year.

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5) @GETNHUGE on Twitter. He has made over $119,437 VERIFIED in 2014. David has been with my service for a little over a year. A blog post about him is on the way soon !!!

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There are COUNTLESS other students who have made hundreds and tens of thousands that I will be highlighting soon !!!

World News: What You Need To Know

Feb 11, 2015   //   by Profitly   //   News, Profitly  //  Comments Off on World News: What You Need To Know

Seven Of The Most Important Things In The World Right Now

Shakeup In Media. Two of the biggest media stories of the year came within an hour of each other earlier this week. One of the most well known anchors in recent memory, Brian Williams was suspended from his role as host of Nightly News on NBC for 6 months without pay after it was found that he lied to his viewers about riding in a military helicopter hit by a rocket-propelled grenade during the Iraq war. many are speculating on whether he will actually be coming back after those 6 months come to an end as well. Secondly John Stewart, host of The Daily Show, announced that he will leave the show later this year. it’s unclear what Stewart will do after this role comes to an end. it’s safe to say that he is leaving on a high note.

There was a tense meeting in Europe yesterday–and no deals came out of it. Greece and its eurozone partners are still at odds on how to handle Athens’ finances after a bailout deal expires this month, with sources offering conflicting versions of the eventual outcome of a Eurogroup finance ministers’ meeting on Wednesday. Greece’s finance minister said point blank that the country will “absolutely not” leave the euro.

Leaders reached an agreement on Ukraine. According to Reuters, “The leaders of Germany, France, Russia, and Ukraine have agreed on a deal to end fighting in eastern Ukraine, participants at the summit talks said Thursday.” “The deal reached after all-night negotiations in the Belarussian capital Minsk included a cease-fire that would come into effect on Sunday, followed by the withdrawal of heavy weapons.”

Deflation fears are rampant around the globe. The UK’s new quarterly report on economic conditions from the Bank of England can be summed up in two words: dovish and deflation. They’re saying UK inflation is more likely than not to turn negative in a few months time, and that no interest hike is on the horizon.

Up up and away. Greece’s ASE index is up a whopping 4.6%. France’s CAC 40 is up 0.9%, Germany’s DAX is up 1.5%, And Spain’s IBEX is up 1.8%. Japan’s Nikkei climbed 1.85% and Hong Kong’s Hang Seng jumped 0.4%.

Elon Musk isn’t happy. Tesla announced a stunning net loss after the close yesterday. The electric carmaker reported an adjusted net loss of $0.13 per share in Q4. Analysts were looking for a PROFIT of $0.32 per share.

Big report today: U.S. retail sales at 8:30 a.m. ET. Economists estimated sales would fall 0.5% in January due largely to falling energy prices. Excluding autos and gas, core sales were estimated to have increased by 0.4%. However, we just got the numbers and they disappointed in kind of a big way. Retail sales were down 0.8% and core sales were down 0.9%. Expect GDP guidance to be lowered by several market analysts after this. According to Zero Hedge, that was the worst back-to-back drop since Oct 2009.

And just for a kicker, the highly anticipated House of Cards Season 3 was leaked onto Netflix for at least 25 minutes last night. Twitter is full of speculation on whether this was a brilliant marketing ploy or a complete accident.

Think Twice Before Trading Currencies

Jan 20, 2015   //   by Profitly   //   Market, News, Profitly  //  Comments Off on Think Twice Before Trading Currencies

So you want to trade currencies? A lot of people have tried to take up currency trading as a way to boost returns with interest rates so low and the stock market near record territory. A lot of these same people got absolutely crushed last week in a central bank shocker. Even financial titans like Deutsche Bank, Barclays, and others like FXCM saw massive losses. So, you may want to think twice before diving in to this volatile market.

Speaking of FXCM, the stock is getting crushed, falling more than 80%. What exactly is FXCM? It’s a currency-trading platform for mom-and-pop investors, and on Thursday they revealed that their clients had taken a massive hit when the Swiss central bank surprised the world and abandoned its efforts to create a ceiling for its currency. There are a few things to keep in mind here. First, note that they are mom and pop investors rather than sophisticated traders. Secondly, according to the Wall Street Journal, about two-third of FXCM’s U.S. clients lose money each quarter. In last year’s third quarter, the most recent available, 68% of the firm’s active U.S. accounts were unprofitable.

Does this mean that FXCM just has really dumb clients? No, it means that trading currencies is hard. The two-thirds figure holds true across much of the industry. Among six of the biggest firms that allow U.S. retail traders to play in the currency market, a weighted average of 38.3% were profitable, according to Forex Magnates. In other words, more than six in ten were unprofitable.

Here’s the third-quarter 2014 data from Forex Magnates in chart form:

Via WSJ

Via WSJ

It’s the smallest and the newest investors that are most likely to lose money. It is safe to assume that this is likely because they are the less experienced and haven’t had  a change to burn out yet. The firms with the highest percentage of profitable accounts, Interactive Brokers and CitiFX, have minimum deposit requirements of $10,000. For some of the others, the minimum is much lower–as little as $50. The average account in the U.S. has about $6,000 to $7,000 on deposit, according to industry research.

Even with just a few hundred dollars in an account, the forex firms allow their customers to employ leverage to increase the size of their bets. A $1,000 account can make a $50,000 trade. But that also creates a problem: it’s easier to wash out entirely. So the would-be traders that come in, set up an account, lose all their money and never return–all in the span of a single quarter–are only counted as “unprofitable accounts” once.

Still want to trade currencies? Then learn from these Business Insider posts below.

More than three years of stability between the euro and Swiss franc just ended suddenly, as the Swiss central bank abandoned attempts to cap the currency’s value.

The bank previously aimed to let the franc rise no higher than 1.20 to the euro (about €0.83 to each franc). As soon as the change was announced, it smashed immediately higher, breaking through the previous “ceiling”. It broke through a 1:1 exchange rate, surging above €1.10.

Here’s the euro plunging against the franc, down by nearly 28% as the news broke, an astonishing move for a currency:

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Moves like these occasionally come from countries like Russia, where a drop in a commodity they produce tanks, but they’re almost unheard of in the major advanced economies. As of 1:00 p.m. GMT (8:00 a.m. ET), the euro is down by more like 14.6%, to just 1.026 Swiss francs.

Switzerland brought the currency cap in 2011, to put a halt to the constant appreciation of its currency. The franc is seen as a particularly strong and safe currency, and saw huge inflows during the worst years of the euro crisis.

This is likely to have a big impact on a lot of Europeans: For example, if you’ve got a mortgage denominated in Swiss francs, but you get paid in euros, it just got a lot more expensive. On the other hand, if you’re getting paid in Swiss francs, that holiday to Italy suddenly looks a lot cheaper.

According to the Swiss National Bank’s statement, it was just becoming too difficult to justify the currency ceiling:

The euro has depreciated considerably against the US dollar and this, in turn, has caused the Swiss franc to weaken against the US dollar.

In these circumstances, the SNB concluded that enforcing and maintaining the minimum exchange rate for the Swiss franc against the euro is no longer justified.

As the dust settled from Thursday’s surprise decision to unpeg the Swiss franc from the euro — which blasted the franc up higher — we’re beginning to see the damage that was done.

According to the Wall Street Journal, Detusche Bank lost $150 million on the move. The Journal also reported that Barclays lost tens of millions.

It was expected that smaller businesses would feel the pain of this sudden, volatile shift. Business Insider’s Mike Bird reported that UK-based FX broker Alpari just announced that is has entered insolvency.

From Alpari’s announcement:

The recent move on the Swiss franc caused by the Swiss National Bank’s unexpected policy reversal of capping the Swiss franc against the euro has resulted in exceptional volatility and extreme lack of liquidity. This has resulted in the majority of clients sustaining losses which has exceeded their account equity. Where a client cannot cover this loss, it is passed on to us. This has forced Alpari (UK) Limited to confirm today, 16/01/15, that it has entered into insolvency.

Casualties continued to roll in. Foreign-exchange brokers who had relied on the stability of the Swiss franc, which until Wednesday was pegged to the euro, were taken by surprise when the Swiss National Bank abolished its controls, and millions of dollars were lost at firms around the world.

The UK-based FX broker Alpari just announced it had entered insolvency. Here’s what it said:

The recent move on the Swiss franc caused by the Swiss National Bank’s unexpected policy reversal of capping the Swiss franc against the euro has resulted in exceptional volatility and extreme lack of liquidity. This has resulted in the majority of clients sustaining losses which has exceeded their account equity. Where a client cannot cover this loss, it is passed on to us. This has forced Alpari (UK) Limited to confirm today, 16/01/15, that it has entered into insolvency.

That follows New Zealand’s Excel Markets, which made the same statement earlier, according to the Financial Times.

Brokers can go out of business on big moves like this because they give their clients access to leverage. For example, an account holder might have $1,000 with the broker but hold positions worth $10,000 in currency markets. That doesn’t matter so long as the holder’s losses are covered by the initial amount. But Wednesday, for at least two brokers, that wasn’t the case for a lot of those clients.

The New York-based FXCM, one of the world’s biggest foreign-exchange brokers, says it may be in breach of rules on capital requirements and that it is owed $225 million by clients who are now in negative equity. FXCM shares are down by an astonishing 90% ahead of the US open.

IG Group, a publicly listed UK-based broker said Thursday that its losses would not exceed £30 million ($45.7 million).

This isn’t likely to be the last of the fallout from the colossal move, which was almost unheard of among the most widely traded currencies of advanced economies. Here’s what Thursday’s fluctuation looked like:

swiss franc 2

Just like Tim and the other gurus teach you how to trade penny stocks and follow chart patterns, reach SEC filings, etc…you need to learn the fundamentals of currency trading before even thinking about diving into that market.  If these professional Wall Street firms (we use the word professional loosely there) are losing millions on this, think about how poorly the uneducated trader is doing.

 

The Activist’s Strategy

Apr 2, 2014   //   by Profitly   //   Market, News  //  Comments Off on The Activist’s Strategy

Activist investors have been popping up in the news a lot lately. Not only for targeting massive companies like Apple, but because guys like Larry Fink, the head of Blackrock, are speaking out against them. Learning about all types of investment styles and watching guys like the ones we’ll discuss in this post will help you learn to trade and become more profitable. One saying we love on this blog is “Knowledge is power,” embrace it and learn, learn, learn!

First, let’s make sure everyone knows what an activist investor is. According to Investopedia, and activist investor or shareholder is:

“An individual or group that purchases large numbers of a public company’s shares and/or tries to obtain seats on the company’s board with the goal of effecting a major change in the company. A company can become a target for activist investors if it is mismanaged, has excessive costs, could be run more profitably as a private company or has another problem that the activist investor believes it can fix to make the company more valuable. Private equity firms, hedge funds and wealthy individuals are types of entities that might decide to act as activist investors.”

Now that you know what they do, let’s talk about three of the most notable activist investors.

(All images via businessinsider.com)

CARL ICAHN SPEAKS AT REUTERS SUMMIT.

First we have Carl Icahn. “Uncle Carl” as they call him has attempted to make major changes at Yahoo!, Blockbuster, Time Warner and RJR Nabisco, among other companies. As of late, he has target Apple and eBay. As of this month, he is estimated to have a net worth close to $25 billion, according to Forbes. Yes, that’s billion, not million.

His business philosophy focuses on targeting a business that he believes is badly managed and whose stock price is under-valued. He’ll then secure a large ownership position to gain entrance for a position on the company’s board of directors. Not all activist investors work that way, and we’ll learn more about them later. Wall Street experts say that most of the time he is triumphant, since he is frightening and unyielding. He has been viewed as such a dependable gold mine that investment managers will buy the company’s shares, and whether Icahn is victorious or not, he does leave with vigorous stock price profits.

Carl has had his hand in almost every major story in corporate America over the last year, from battling with Michael Dell, making a killer trade on Netflix, continuing to fight with William Ackman over Herbalife, to lobbying for Apple to repurchase more of its stock. Shares of his publicly-trade Icahn Enterprises have climbed by more than 50% in the last year according to Forbes. Icahn’s investment fund returned 31% in 2013. Icahn’s brand of activist investing is as popular as ever. In August of last year he took to Twitter, setting both the Web and Wall Street on fire by announcing that he had acquired a large stake in Apple.

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Next up we have William Ackman, or Bill Ackman. Even though it doesn’t come close to Uncle Carl’s, Bill’s wealth is nothing to frown upon at $1.5 billion. Ackman is the Founder and CEO of Pershing Square Capital Management. At age 47, it’s unlikely this guy will be going away anytime soon, even if he has had a tough couple of years. Despite one of the biggest rallies in history, his hedge fund’s performance has been anything but impressive, up a measly 9.7% net of fees in 2013, while the market was up roughly 30%. The fund was weighed down last year by one of Ackman’s most recent targets: Herbalife, the nutritional supplements company. Bill has been shorting the stock and continues to believe it is a “pyramid scheme.” Shares of Herbalife were up nearly 140% in 2013, ouch Bill!

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Finally, we have Daniel Loeb. His net worth falls in between or prior activists at $2.2 Billion. Loeb is the 52-year-old Founder of Third Point, a hedge fund that manages roughly $14 billion according to Forbes. All three of our activists were playing Herbalife as some point. Loeb sided with Carl Icahn and bet on the stock’s rise for a short period of time. He sold at a profit. Another company that has been one of his targets is Yahoo, where he played a large role in a change on the board before getting out of his position with a large profit. Loeb’s flagship hedge fund posted net returns of 25% in 2013, better than Ackman but still trailing the market. In their defense, many hedge funds underperformed last year.

Monday Morning News – Alibaba Files For US IPO

Mar 17, 2014   //   by Profitly   //   Market, News  //  Comments Off on Monday Morning News – Alibaba Files For US IPO
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Alibaba makes the U.S. IPO official (Bloomberg)

Banks will get equal roles in Alibaba IPO (WSJ)

The fate of Fannie and Freddie is left to the courts (Reuters)

Would an end of Fannie and Freddie also be the end of 30 year fixed rate mortgages? (Bloomberg)

The Federal Reserve is weighing its options in ending the historicly low rates regime (WSJ)

Half of the Business Schools in the U.S. gone by 2020? (Bloomberg)

Friday News – Herbalife ($HLF) party getting rained on

Mar 14, 2014   //   by Profitly   //   Market, News  //  Comments Off on Friday News – Herbalife ($HLF) party getting rained on
Ackman Leaves J.C. Penney Board After Ullman Gets Soros Support

IMAGE VIA huffingtonpost.com

FTC starts Herbalife probe (WSJ)

Herbalife continues to defend their business model (WSJ)

Herbalife changes the date of their shareholder meeting for Uncle Carl (WSJ)

Cost cutting to continue on Wall Street (Bloomberg)

Zuckerberg takes a swipe at Obama (CNBC)

Investors shift more focus to China (CNBC)

A name change can’t protect SAC Capital (now Point72 Asset Management) (NY Times)

What recession? Number of millionaires hits a new high in the U.S. (CNN)

 

Wall Street Isn’t Trustworthy

Mar 12, 2014   //   by Profitly   //   News  //  Comments Off on Wall Street Isn’t Trustworthy

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Many of us already knew Wall Street was full of scumbags, but now we have analysis from the WSJ to prove it.

In an article that ran last week titled “Stockbrokers Fail to Disclose Red Flags,” the Wall Street Journal sent a startling wake up call to those of us that tend to trust people, even when we shouldn’t.

For those of you that don’t know what a stockbroker is, Investopedia defines it as:

An agent that charges a fee or commission for executing buy and sell orders submitted by an investor. It’s also the firm that acts as an agent for a customer, charging the customer a commission for its services.

The Journal’s findings reveal a substantial gap in regulation of the brokerage business. Brokers’ records are something investors expect to be able to learn before they decide to trust these people with their money.

The first of two astonishing examples in the article I want to make note of is stockbroker Marcos D. Leiva. In less than two years, he had racked up a personal bankruptcy, a tax lien, a court judgment for unpaid debt and a criminal guilty plea relating to a false report to law enforcement, according to the Journal. These infractions should have been disclosed, but none of them were. A 75-year-old client claimed he lost most of his life savings through the broker’s actions, recovering only a fraction.

The second is Stockbroker Ronald J. Garabed. He failed to report not just one, but four bankruptcy petitions he filed between 1997 and 2007. And bankruptcy was his only problem, records show that the regulator also alleged that he borrowed $15,000 from a customer in 2006, (a big no no).

The Journal found at least 103 brokers still working last year who had managed to enter the industry without their regulatory records showing that they had filed for bankruptcy.

A broker’s reporting failures can be a warning signal of future regulatory problems. A former J.P. Morgan stockbroker, Tiara Monique Jones, filed a bankruptcy petition in 2010, which she didn’t report. The next year, she allegedly withdrew $1,000 from two customers’ joint account without their knowledge.

Check out the shocking graphic below. It shows that a bankruptcy filing itself doesn’t suggest dishonesty, but brokers who had unreported bankruptcies had worse disciplinary records than the industry norm, on average. They were more than twice as likely to have been fired and about one in 33 had three or more other black marks such as customer complaints or terminations on their regulatory histories, a rate more than 65% higher than other brokers.

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One of my favorite websites, thereformedbroker.com, is run by Josh Brown. And you can probably guess by the name of the site that he used to be a stockbroker. He definitely had a few words to add to this article: http://www.thereformedbroker.com/2014/03/06/of-brokers-and-bankruptcy/

One of the things I can tell you for a fact was that the brokers who were in the worst shape financially were always the biggest compliance risks. This is very simple – in a transaction-oriented business where the worst practices and products will frequently offer brokers the highest pay, you’d have to be an idiot to expect a positive outcome for the client of a desperate salesperson. This demented system of conflicted compensation arrangements is precisely why I hated it so much and couldn’t wait to escape it. The most toxic combination you could ask for is to put someone who owes a lot of money in a position to advise others. Ain’t no amount of disclosure, fine print, oversight or potential consequences that are going to change that.

This article should prove to you that not only are several internet market gurus untrustworthy, but other people on Wall Street are just as crooked. People are way too quick to trust people, and Wall Street is one of the worst places to put your trust.

People like Tim and the other people that have large followings on Profitly are such a rare gift in the financial world and I hope this article makes you guys realize that. These guys post all of their trades online and there is also a website called investimonials where you can see reviews of their services. This all means that they are accountable, unlike stock brokers. Where a brokers’ profit depends on what they can sell, Tim and the other gurus can only sell their services if they make great trades and help others learn from their strategies so they get good reviews. If their services sucked, you would quickly find poor reviews on Investimonials.

An “Appealing” Monday of News

Mar 10, 2014   //   by Profitly   //   Market, News  //  Comments Off on An “Appealing” Monday of News

banana

Image via bbc.com

Merger Monday, two giants to create the largest banana company (CNN)

An ongoing search for a lost plane (WSJ)

The Forex market continues to see punches thrown its way (Bloomberg)

Another celebrity to promote an automaker (CNN)

Are there marijuana television ads? Not so fast (CNN)

Google looking for its place in the app world (WSJ)

Apartments > Homes (WSJ)

Friday News – Good Day for the Rich, GS and Pot Smokers

Mar 7, 2014   //   by Profitly   //   Market, News  //  Comments Off on Friday News – Good Day for the Rich, GS and Pot Smokers

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U.S. gets positive job numbers after 2 months of dissapointment (WSJ)

Mohamed El-Erian trying to undermine a colleague? (Reuters)

Putin is crushing the Russian stock market (Bloomberg)

Good news for marijuana enthusiasts (NYPost)

Turns out elevators go up and down at Goldman Sachs (CNN)

Household net worth hits a record (WSJ)

There is a chase for the creator of Bitcoin happening right now (WSJ)

Monday Morning News – All Eyes On Ukraine

Mar 3, 2014   //   by Profitly   //   Market, News  //  Comments Off on Monday Morning News – All Eyes On Ukraine

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All eyes are on Ukraine (CNN)

Fannie Mae’s profits may not be a long term thing (WSJ)

Muni bonds are back in favor (WSJ)

Winter storm misses New York but crushes the nation’s capital (Bloomberg)

Warren Buffet’s bet on a rising economy pays off (WSJ)

All eyes are on Putin even after the Olympics (Bloomberg)

Citigroup is off to a horrible start in 2014 (WSJ)

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