Skip to main content

The Secret To Managing, Growing, Preserving And Holding On To $1 Million Of Assets

By Blog, uncategorised
    Did You Know That Less Than 1% Of The Planet Are Millionaires?   The Economist reports that there are two different "official" methods for determining who makes the cut (1) Anyone whose net assets exceed $1 million. In those terms, there are 24.2 million millionaires on the planet – about 0.3% of the world's adult population, (2) Anyone with investable assets of $1 million or more – meaning that they actually have over a million dollars NOT including the home in which they live. By this measure there are about 10 million millionaires on the planet, 0.14% Millionaire…
Read More

WHY FW WAS AND IS A GENIUS……. ES, NQ and YM Voodoo Bounce or Something Else?

By Blog, uncategorised
Why The Technical's Are Only There To Support And Confirm What You Are Seeing Regarding The Price Pattern. I shall always remember the first time I met David Elliot. I had recently purchased his AET home study program. I had a question to ask him as I was confused by all that he taught.  We met at the hotel he was staying at with his lovely wife Allison in London. We left the hotel and sat in an Italian restaurant eating some great food. Here is how some of the conversation went. Patrick: Ok, you teach a lot of stuff ..... but how does all…
Read More

Are You Making These Trading & Investing Mistakes?

By Blog, uncategorised
  As a leading wealth mind expert and Fund Manager, I have just spent the last two months interviewing some of the world's leading trading masters. I have working on a new product where I asked each of the 12 trading masters the EXACT same series of questions in order to find the common threads across all successful traders. This is the first time anything like this has EVER been done with this group of experts.  One of the questions I asked all 12 traders (including myself) is: “What are the 3 biggest mistakes you see unsuccessful traders making and…
Read More

Market Review 22 August 2014

By Blog, uncategorised
Click here to sign up today https://www.takingstock.biz/members/signup/9Q4GaKnLc    I thought I would share three testimonials with you from three of my Sunday Insider clients.    "I recently used your Millionaire Trader Mindset techniques to win our Provincial Long Range Rifle Championships as a new shooter beating some of the best in the world! People can't believe it, and are wondering what my secret is. The secret to winning in shooting and trading is in the mind. Thanks Patrick" T.S.   "Hi Patrick. Thanks for the information about trading a stage 2 in the direction of the trend. I applied David Elliott's indicators…
Read More

Monthly Charts Versus Weekly Charts Versus Daily Charts Verses Intraday Charts. Which Will Make & Lose Most Retail Traders Money?

By Blog
Which will make you richer the quickest. (a) Monthly Charts? (b) Weekly Charts? (c) Daily Charts? (d) Intraday Charts? "Throughout history, the market’s biggest winners have adhered to weekly technical patterns much more consistently than daily patterns. For this reason, institutional investors tend to base their buy and sell decisions based entirely on weekly (and sometimes monthly) patterns." The general rule is that the shorter the time period of a chart, the more  random noise you'll get. That's why experienced investors begin by looking at a  weekly chart, rather than a daily chart. The weekly chart smoothes out some of…
Read More