financial traders and losing one's do? Well here are a few pointers from Self Made millionaire

trader Vince Stanzione and author of Maximum Trading Profits In Minimum Time:

1.Winning traders trade what they SEE not what they think.

If the price goes to 50, 51, 55, 60, it is going up, it doesn't matter what the indicator

or news says or what you THINK should be happening, the price tells you the truth and should always

be obeyed. Many new traders lose large amounts of money trying to pick the top or a bottom,

this is risky and not required to succeed -- unless you have psychic powers then stick

to a trading system and don't guess.

2. Don't get carried away by technology It's easy to get blown away by all the great

software, on-line trading, real time data, charts, business channels, apps and bells

and whistles. The truth is, less is more, and information overload makes you a worse

trader. The more complicated your system, the less chance it will work or that you will

follow it. The majority of technical trading indicators are a total waste of time and you

do not need to waste money on expensive trading software that claims to predict markets. The

most important factor when trading any market is the price.

3. In trading and investing we are dealing in unknowns and factors out of our control

-- what you can control is the amount of money you risk on any one investment. How ever sure

you are that XYZ is going to soar make sure you only invest a percentage of your trading

bank that should it not turnout as you hoped you can still live to fight another day. If

you money manage and keep losses small and your wins big then you can lose more times

than you win and still make money.

4. When Vince was a broker he had access to 1000's of client accounts and could see how

they traded -- the majority would cut winning trades very quickly but let losing trades

run "hoping " that they would turn around. You cannot afford to trade and invest like

this -- if something is not working out as planned cut it and get out -- taking a small

lose now is less painful than taking a big lose latter.

5. Don't have a directional bisis. Many want to either always to just buy and go long a

market, others are always bearish and want to go short -- a good trader should be natural

and happy to trade markets either way. For example Vince may be long a stock for many

months that is in an up trend and then when it breaks that trend he will sell and go short,

allowing him to profit from Up and Down moves.

If you too want to make Maximum Trading Profits in Minimum Time an profit regardless if the

markets are rising or falling then visit www.55trader.com and put the odds in your favour.