Anyone looking to enter the exciting and fast-paced world of trading should first examine several things: His mental and financial well-being, his amount of patience and cool-headedness and above all his threshold for remaining calm and calculating under intense pressure. It’s also important to remember, in this business it really does take money to make money.

Before a trader can start trading, he must have capital. A lack of capital in Wall Street trading can usually be traced to over-trading. This proves the saying, “Over-trading is financial suicide.” It might mean too large a quantity of stock being traded, or if the trader loses money, he might not reduce the size of his trade to correspond with the shrinkage in his capital.

To make our point clear: A man starts trading in 50 share lots with $1,000 capital. After a series of losses he finds that he has only $500 remaining. That’s on 10 points on 50 shares, but does he reduce his orders in shares? No. He risks the $500 on a 50-share trade in a last desperate effort to recoup. The stock loses 10 points and he’s out $500.

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Before we can discuss what you need to know before you open offshore bank accounts, we must first define all the terms: if you don’t know precisely what you’re doing, the offshore world can be a dangerous place.

Ask yourself this question. Do you really want to make a serious mistake? If not read the rest of this article.

– The trust deed is the private legal agreement between the settlor and the trustee. This deed can be drawn up in many different ways to reflect the requirements and concerns of the settlor and generally consists of the following: definition of who the trustee is and who can order their replacement or retirement; definition of the trustee’s powers and their restrictions; definition of the assets and how they are to be managed; and definition of who is to benefit and who they are at present. (more…)

General Questions Answered in the Options Market
We have daily inquiries from correspondents at a distance, saying that living so far from the city, and not knowing the best stock to select, or the most favorable time to close their contracts, that if we would attend to not only securing the privilege, but the selection of the stock, and closing the same, using our best judgment, they would be willing to forward their money to us for investment. We reply, that when requested, we will not only secure the privilege, but make the selection of stock and the kind of contract best to be taken, and also attend to the closing of same, exercising our best judgment. We are enabled to do this without prejudice to our customers, as our business is done strictly on commission, and we are entirely disinterested when we give our views of the market, which we never do until after studying the movements of the different cliques, and watching the outside influences that may be brought to tear on the market.

Protect Profit in an Options Call by Buying a Put
Here’s a tricky one but very useful. A man bought a 90-day Call at 50 (stock was selling at 50) for $350. In 60 days the stock rose to 70. At this price of 70 he has a 20-point profit, less the cost of his option, and he buys a 60-day Put at 70 for about $400. Let us see what happens. Say that in the 60-day life of his Put the stock declines again to 50. He has lost the profit that he had on his Call, but he has a 20-point profit on his Put, less 2 premiums totaling $750-a net gain of $1,250.

MetaStock Lowest Since Bars Ago Function
The Lowest Since Bars Ago function is a variation on the Lowest Since function. The difference being that instead of returning the lowest value of the selected `data array’ since the `N’th most recent occurrence of a defined expression occurred; it will return how many periods have passed since this last low was achieved.

Explanation of Chart – US STEEL
A look at the accompanying chart of U.S. Steel common shows that it broke from 72 in the second week of July, 1957, to 48¼ by the third week in December of the same year. From 48¼ it rose in almost a straight move to just under 100 in January, 1959. In the examples that I use as illustration, people might say that I am using only favorable ones. I am using not only examples of options that were profitable to the buyer but also those where the buyer of the option was wrong and lost his premium money.

Basic Principles Of Stock Price Forecasting
Beginning early in 1962, most stocks declined steadily and selling reached near-panic proportions at the end of May. A sharp recovery followed. According to Louis H. Whitehead, people are now trying to decide whether this is merely a normal technical rally in a bear market or the beginning of a more significant advance.

MetaStock Highest Function
The Highest function returns the highest value from the selected `data array’, from the entire data loaded into the chart. For example, assume that you have three years of history loaded in your chart

Purchasing a Put Option to Maintain a Short Position
A man is short of 100 shares of XYZ which he sold short at 55 (he hopes to buy it back at 30)—the stock is now selling at 50. He originally deposited funds with his broker to margin this short sale but he now has use for these funds. How can he withdraw these funds from his account and still profit by a further decline of the stock? If he covers the stock that is short, he will no longer need margin for that short sale, and he can withdraw his funds. He then buys a Put option at 50 (the market) for 90 days for $350.00.

MetaStock Highest High Value Function
The Highest High Value function will return the highest value of the selected `data array’ from a specified number of periods. For example, assume we wanted to identify the highest value of the volume from the last 10 periods.