Categories
Uncategorized

Option Trading Changed Lives!

Realize The Dream – Financial Freedom

My name is Roy van Broekhuizen, aka The OnlineTradingGuru and yes, I am a grandfather of 6) and I help everyday people earn more money and achieve financial independence.
Are you familiar with being frustrated with money and of knowing you can do better, but feel tethered to exactly where you are?
I’m sure you can relate, since many highly creative, intelligent and productive individuals are familiar with the feeling of consistently falling short each which is even more frustrating because they know the lack of money is below their own expectations and potential.
Most people are in need of extra income, and often we feel isolated, like we are the only ones who seem to be falling behind in our bills with never enough for the unexpected things that all too regularly strike our bank account, i.e. car repairs, dentists and so on…
Do you dread summer because back to school expenses are right around the corner? Does it take months to pay off last year’s Christmas gifts?
Do you only pay the minimum requirement on your credit cards? Do you juggle which monthly bills to pay first? Are you stressing about how to send your child (who has tried really hard) to college? Are you able to fund your retirement account?
If any of those statements apply to you, you are a member of the biggest club in the world.
Most of us hope if we continue to work hard throughout our lives, we will be in a financial position to enjoy the “golden years” of retirement. But, statistics tell a different story.
According to the Social Security Administration, of people age 65 and older:
•39.6% have incomes under $20,000
•28.2% have incomes from $20,000 to $40,000
•18.9% have incomes from $40,000 to $75,000
•Only 13.3% have incomes in excess of $75,000
Living comfortably on $40,000 a year in retirement, which would require a $1 million plus nest egg by the time you reach the retirement age, will depend on your expenses, investment returns and health-care costs.
This figure does not factor in other benefits, like pensions and Social Security, which can boost your retirement income but is often much less than we expect for a lifetime of work.
This said, for those who live month to month with never enough to put aside into savings, they can look forward to working as a Walmart greeter through their retirement or will move in with their kids because a $1-million-dollar retirement account is a pie in the sky dream.
What Happens When Life Turns for the Worse?
The Solution
During this desperate time, a friend told me about option trading. I had never even heard about options before.
Most people don’t know about or understand what stock options are.
I quickly learned option trading was to be the answer for how I would not only keep a roof over our head, but fully funded our retirement account, and traveled all over the world, including numerous cruises.
I had a small account, and then I learned to successfully trade stock options.
I have been blessed beyond measure by the income earned through option trading. Now teaching others to become financially independent is my way of repaying these blessings.
I also teach daytrading for a living.
To your continued success and significance.
The OnlineTradingGuru

Categories
How to Trade

Is Daytrading For You Or Something To Think About?

Day trading can be simple, but don’t make the mistake of thinking that it’s easy.
I know that there are many websites and late night infomercials that try
to tell you differently. They make you think that you just have to read a
few pages or attend an online class, and then, magically, you’ll become a
successful trader, don’t be fooled.
Like in any other profession, you need solid education and knowledge
before you get started. After all, the goal is to make more money than
a lawyer or a doctor, but many aspiring traders expect to learn everything
they need to know from an eBook that they might get somewhere on the internet,
most likely for free. How could a small amount of free information
teach you to make more money than people who have gone to school for
years and years?
Right, the answer is, it can’t.
Some aspiring traders think they don’t have to learn a single thing. They
believe that they can buy a “magic system” or “MAGIC software” that will
place their trades for them and make them rich while they sleep. Or they
rely on the advice of some “guru” for their trading decisions, blindly
following his recommendations without knowing anything about the
markets.
I’m glad you’re different, you’re serious about becoming a successful day trader.

You’ll learn a lot of facts and concepts about day trading,
and become the trader you want to be, you’ll have to adapt the
ideas that you’re about to learn to what you already KNOW.
Socrates said that “Learning is remembering.”
And Richard Saul Wurman says:
“Facts in themselves don’t solve the problem. Facts are only
meaningful as they relate to a concept you can grasp.
New ideas are not so much discovered as uncovered by moving from
what you already understand into the realm of what you would
like to understand.”
Here is an example:
I moved from Netherlands to the U.S. in 1961, and one of my first investments
here was buying a house. It should have been no problem – I mean, we
do have houses in the Netherlands. It’s basically the same process, right?
Right, but where I come from, we measure in meters and kilometers.
So, you can just imagine my confusion when my realtor started describing lot sizes
in quarter-acre, half-acre, etc. What the heck? How big is an acre?
Of course, I didn’t want to ask – no one likes to seem ignorant – but I
looked it up. An acre is 43,560 square feet. Great. That didn’t really help
me. Now I knew the exact measurements, but I still couldn’t picture the
exact size of “an acre” in my head. I had no frame of reference.
But, I have it now. A friend of mine told me that an acre is about the size
of an American football field without the end zones.
Proof. Understanding. A frame of reference.
The same is true in trading. You might already know many of the
concepts (e.g. that you should use a stop loss).
There might be some concepts that are new to you (e.g. using a time-stop
when exiting a trade).
I’ll present all of these concepts in a very practical way.
Remember Socrates: “Learning is remembering.”
Objective: Free training on this website will save you
both money and time when it comes to your trading goals.
I’m convinced that it will help you become the trader you
want to be.
Much success and significance with your life and day trading.
OnlineTradingGuru

Categories
Music

My First Love Was Playing Guitar For A Living

Dear friends:

I started playing guitar at the early age of 13 when I performed live at Thora B Gardiner Jr High School in Oregon City OR.
I remember playing and singing the popular song “Abilene” and I was voted “Most Talented” student that year.
I went on to play guitar professionally in the later 60’s, 70’s, more or less played less in the 80’s until present when I play occasionally at church with my brother in law, who is a worship leader.
I have played mostly Fender guitars throughout my serious playing years, also own a Guild Bluesbird and so on.
Here is a guitar I had at one time, bought from a country and western singer in the 60’s, a Fender Telecaster Orange color,

Please review and let me know what you think.
If you purchase this guitar via this link, I will get credit as an Amazon Affiliate.

Thank you for your consideration.

Roy van Broekhuizen

Categories
General Stuff

Make Money Online!

I first joined Wealthy Affiliate in January 2019 to check it out.

I signed up for a free account at Wealthy Affiliate and then immediately upgraded to paid Premium membership.

After 1 year at Wealthy Affiliate, I wanted to write a Wealthy Affiliate review whether this is a good program to sign up with or not.

My intent is to make this Wealthy Affiliate worthwhile so that you can also take advantage of the many wonderful options it offers.

As I searched for Wealthy Affiliate reviews, I noticed that most of them are one-sided, don’t offer other options, and are biased sales pitches from affiliate marketers trying to make money.

So, in my Wealthy Affiliate  review, I’m going to do things differently.

With that said, I want to disclose that I am an affiliate for Wealthy Affiliate.

If you click on my affiliate links, like this one, I get credit when you sign up for a paid membership.

If you decide to sign up for Wealthy Affiliate, clicking on my affiliate link is also beneficial for you.

After you sign up, I get notified and we are able to have a private conversation in the Wealthy Affiliate  community.

This is a big benefit and all you do is use my affiliate link before signing up for your free account.

Wealthy Affiliate is NOT a get rich quick scheme, it will take a lot of your time, energy and resources.

If you are serious and are not afraid to go through numerous training programs, and have the perseverance, Wealthy Affiliate may be the ticket to your wealth.

Categories
Trading Strategies

What Would I Do Differently If ?

What would I have done differently if I was taking my very 1st class in learning about daytrading?

FYI, I was one of 30 students that paid $4000 for a 1 month class to learn how to daytrade for a living June 1997, 20+ years ago.

Needless to say, we were the guinea pigs of daytrading, and many lost most their trading capital and a few made it and became very wealthy trading for a living.

I was the first student to make $9000 the first 15 minutes trading live, which made my head swell and blew up my ego where I almost blew up my trading account the following week.

Fortunately 2 of the best students became my best friends and through discussions and live trading with them, I started figuring it out.

I ended up becoming the VP of Sales and Marketing for what is now the most well known trading education companies in the world, Online Trading Academy.

In retrospect, I would have done less trades and cut my losses of losing trades immediately for one.

I would let the winners run until the charts tell me otherwise.

Be open with all the successful traders and let them advise you in certain situations that you are not sure about.

Categories
Coaching

Building Wealth Requires A Lot of Blood, Sweat and Tears

Online Trading and investing is a long play. You can make a lot of money, but you must be persistent and adaptable.

You will face numerous challenges, a few you can control and others out of your hands.

You will certainly be tempted to give up, but if hold on, eventually you will see a huge return.

Don’t bail out because of one small hiccup, keep going.

Online Daytrading is a game of staying in power. What makes people persistent? WHY are you investing in stocks or ?

I discuss my story of how I got started and the challenges I faced at first.

I read about SOES (Small Order Entry System) bandits in an Inc. magazine article on an airplane heading for Jakarta, Indonesia for a vacation with my wife.

It explained how individual persons with small amount to trade, can access the markets live with Level II software on fast computers.

I was one of the first 30 students to pay $4000 for a 30 day class in Irvine, CA, through Block Trading.

Needless to say, we were the guinea pigs of online trading with only 3 out of 30 students surviving with money in their accounts.

I was one of the 3 students that survived, and helped develop and market Online Trading Academy, and retired as Sr VP of Sales/Marketing/Intl Business Development.

I was able to retired 3 years later in 2000, and went on to help in the tsunami area of Indonesia, the country I was born in.

Since then I have helped and trained thousands of students, some became successful, others struggling.

The biggest difference I saw was that those that really wanted it, and were passionate, spent hours learning, studying, tweaking, reading and a continuous hunger to get better at it, became wealthy traders.

Through your personal blood, sweat and tears, you will be successful in whatever you choose to do.

TOOLS

CALCULATORS

Try a number of financial calculators here.

Interactive calculations, dynamic graphs, and fully customizable reports are just a few of the features that make these calculators stand out.

College Planning and Student Loan Calculators

College Savings Calculator

Use this calculator to help develop or fine-tune your education savings plan.

Student Loan Consolidation Calculator

The Student Loan Consolidation and Debt Payoff calculator applies two simple principles to paying off high-interest debt.

Credit Cards and Debt Management

Credit Card Minimum Payment Calculator

Use this calculator to determine how long it will take you to payoff your credit cards if you only make the minimum payments.

Credit Card Pay Off Calculator

Use this calculator to see what it will take to pay off your credit card balance, and what you can change to meet your repayment goals.

Snowball Debt Elimination Calculator

This debt calculator applies two simple principles to paying off all your debt that can cut years off of your repayment schedule.

___________________________________________________________________________________________________

Investment Calculators

Compare Investment Fees

Even a small difference in the fees you pay on your investments can add up over time. 

Use this calculator to see how different fees impact your investment strategy and save you money.

Present Value Calculator

Use this PV calculator to determine the present value of a stream of deposits plus a known final future value. 

___________________________________________________________________________________________________

Investment Questionnaire

Investment Questionnaire

Learn how to create a balanced portfolio of investments.

___________________________________________________________________________________________________

Retirement Savings and Planning

Retirement Planner

Quickly determine if your retirement plan is on track – and learn how to keep it there.

___________________________________________________________________________________________________

Personal Finance

Home Budget Analysis


Analyze your budget, see where your money goes and find out where you can improve!

Rent Vs. Buy Analysis


Should you rent or should you buy your home? This calculator helps you weed through the fees, taxes and monthly payments to help you make a decision between these two options.

Reverse Mortgage Analysis


This calculator is designed to show you how the outstanding balance of a reverse mortgage can rapidly grow over a period of time.

Mortgage Required Income

This calculator collects these important variables and determines your required income to qualify for your desired mortgage amount.

Mortgage Tax Savings Calculator

Use this calculator to see how this deduction can create a significant tax savings.

Maximum Mortgage Calculator

This calculator collects these important variables and determines your maximum monthly housing payment and the resulting mortgage amount.

Buy vs. Lease Analysis

Should you lease or buy your car? Use this calculator to find out! Calculate your monthly payments and your total net cost. By comparing these amounts, you can determine which is the better value for you.Insurance Calculators

___________________________________________________________________________________________________

Insurance Calculators

Life Insurance Calculator

Find out how much life insurance you really need.

    Categories
    Coaching

    Are You Looking For A Trading Coach Or Are You Still In The Researching Process?

    Have you ever thought about getting a trading coach or buying a trading program, or bought a book about trading, this may have crossed your mind. If “the coach” knows so much about trading and is making all these $, why is he or she teaching others? This reminds me of the old adage: Those who can, do. Those who can’t … teach.

    Those who were unsuccessful move to the teaching realm and coach others.

    Arguments for Both Sides

    A coach who is a trader will always claim to have a definite advantage over someone who doesn’t trade. This may be true if the coach has the track record to back up this claim, but just because a person is successful at trading does not mean that he or she can effectively relay that to another person.

    A coach who no longer trades can still provide great benefit if he or she is an effective teacher. A non-trader coach may have been successful as a trader in the past but has chosen to give up trading. There are a number of reasons: some traders prefer coaching to trading, have found trading too stressful, want to help others or have already succeeded and want a new challenge, just a few potential reasons. It may also be that the trader has failed at trading. At first, it may seem that this person would not be a good coach, but this is not necessarily true; we can learn a lot from other people’s failures. Even though someone was unable to implement a certain system themselves due to lack of discipline, psychological or physiological reasons, this does not mean that a different person can’t be successful using the same method.

    Both sides can likely agree on the fact that, in order to coach someone else, a teacher needs to have experience in what students will go through. Essentially, coaches must have market experience in some form or another. The coach needs to know what hurdles students will have to go over and be able to help them through those obstacles. This does not mean they need to have traded personally, but they will at least have to have been in an environment where they witnessed others trading. Observation can be a great teacher that can lead to the teaching of others.

    A Deeper Look

    On both sides of the argument, there are examples of traders being great and horrible coaches, as well as coaches who no longer trade (or never did) that are fantastic. Think for a moment about a sport. The athletes who play professional sports are the best athletes in the world, and yet they are often coached by someone who has inferior skill. This is okay, because the coach is there to help hone another person’s skills. Just because coaches don’t have the qualities of a peak performance athlete does not mean they can’t pick out and elevate those qualities in others. On the flip side, we have had some amazing talents who could not and cannot effectively pass on whatever it was that made them great athletes.

    When we look at trading, or investing, much worth is placed in those who don’t actually trade the markets professionally. Market analysts gauge the market using varying tools and methods and relay that information to others. While many analysts may not be traders, some are often very accurate in their market analysis. Having a bird’s-eye view of the unfolding situation allows them to make predictions without an investment in the outcome. These insights are helpful to many traders, even though the information comes from someone who may have never placed a trade.

    Never having placed a trade does pose a problem for the trader. The market is constantly moving, and while an analyst may be able to anticipate the direction and magnitude of a move, the gyrations along the way can have the power to wipe a trader out if he or she executes a move at the wrong time. In this case, a student trader would benefit from having the information constructed into something trade-able by a coach.

    How to Find a Good Coach

    With arguments on both sides, there is no hard-and-fast rule when it comes to which is better. The bottom line is whether someone gets you the knowledge and skills that you want. If the coach is teaching you in a way you understand and you feel you are getting your money’s worth, that is what counts.

    Trading and coaching is a business. Coaches need to recruit students – this is how they make money, so sales pitches abound across media sources. When seeking to improve your trading, this can be overwhelming. That said, you can often narrow your search down quite quickly by following a few simple guidelines.

    1. Don’t Focus on a Coach’s Personal Results:Don’t worry about whether a potential coach was a trader, is a trader or what his or her personal track record is. Personal trading results don’t matter; what matters is how a given coach’s students are doing. Look for reviews by students about a coach or training program, and if possible contact a few students directly to ask them about their experience.
    2. Avoid Getting Emotional:Sales pages are meant for the hard sell. Therefore, sift through sales pages with an analytical mind, not an emotional one. Is there any substantiation to an advertiser’s claims? People who know the markets know that no one is right all the time, so skip past coaches and programs that promise outlandish results.
    3. Consider Your Personality and Style: If you have some experience already, look for someone who meshes with your personality and style. Do you understand the language the coach uses? Does his or her method seem simple and easy to understand? Complex methods can be hard to implement and may not be easily passed from one person to another. Also, if you can’t understand what someone else is saying when you are first introduced to their work, it is likely only going to get harder to understand down the road.

    The Bottom Line

    Good information, coaching and training programs can be found, but in order to hit on the best possible program, traders need to do some research. This includes finding reviews of any product or service being considered, and touching base with those companies or individuals to see what they have to offer. We can also discard any offers that promise outlandish results or are hard to understand. Trading can be difficult, but learning about it should be much easier – especially if you take the time to seek out the best possible sources.

    Categories
    Trading Strategies

    Introduction to Day Trading Strategies

    Daytraders try to profit from intraday price movements in any type of market. It is very important that daytraders close all their positions at the end of the trading day. There are many ways daytraders try to make money. Some will look to enter a trade between 6:30 am to 8:00 am PST and/or 12:00 noon to 1:00 pm PST and close the position at the end of the day while others will close a trade when it reaches their profit objective. Some traders will enter as many as 20 trades in a day, taking smaller profits as soon as they have them. During the beginning of the day trading phenomena in 1997, there were traders that did over 100 trades a day at OTA.

    Categories
    General Stuff How to Trade

    In the beginning …

    10 Day Chart of Amazon

    Where do I Begin

    You may have heard it before, when it comes to any type of trading, it starts with the markets, fear and greed. It is all a reflection of emotions, and in order to make money trading, you have to learn to control your fear and greed, and this friends, is the most difficult thing to do.

    How To Overcome Fear and Greed

    All of us have different emotions at various times of our lives, and they really come into play and effect us when we trade with real money. At one of the online trading seminars I attended earlier in life, I heard the speaker say that trading is the clear window of your own personal psyche, the clearest of any other influence, and I agree.

    Understanding The Markets Today

    I have been there many times when I was afraid to do another trade after I went through a number of losing ones and the fear of losing more sets in. I caved in when my fear got the best of me, and so I get stopped out of a trade without giving it enough time to develop. On the other side, I have held trades longer than I planned on and I lost more money unnecessarily.

    On the other end, we all have taken profits too early, because we don’t want to give back any of the profits, so we miss the bigger winners this way. We trade more shares than we should because we give in to our greed and we feel really good about this one. How can we understand the markets then? If we learn to understand the workings of the markets, we will understand ourselves better, and make better traders.

    The purpose of the markets is that they exist to let us trade as much or as little as we choose to. Markets are constantly moving up and down in search for buyers and sellers, anything to get us to participate.

    If markets don’t move, they don’t survive. The knowledge that markets have to move, will change the way you think about trading. It will give you the confidence that your losses can’t continue, this will help eliminate the fear.

    The markets have to bring traders in to survive, or they will die. The main reason for the market is survival and keep traders interested, so it has to move. It cannot stay in a narrow trading range or traders will lose money, become uninterested and leave, which amounts to less and less liquidity and eventually the market will die.

    This knowledge gave me the confidence to continue trading. This has reduced my fear and gave me a lot of confidence.

    System Trading

    From my experience the last 40+ years, system trading answers the problem of fear and greed, and it is the only way to have an advantage of the markets.

    It gives you the discipline to help you with overcoming fear and greed. There are many trading systems that have been tested for a long period of time and the information is quantifiable. The implementation of a trading system is a much better way than trying to interpret the market. If the system is not working, then we can change it. That is a good business decision and you are on your way to making money in your business.

    Since we know that a market must continually facilitate trade in order to stay in business, we can customize the design of our system to make sure that we are in for that big move when it happens. None of us have ever been able to predict when the market is going to move big, so it is much better to invest and devise systems and prepare for the big moves and reduce our losses while we are waiting.

    My conclusion is the only way to trade all the markets is to use a system that is being constantly re-engineered to the current times. The big money makers do not try to figure out the tops and bottoms, they just take money somewhere in between. This makes good business sense.

    The Latest Technology Available

    If you are serious about using systems that are profitable, you must use the latest tools available. Learn how to use a desktop, laptop, tablet, smartphone, trading/chart software and any other tool as effectively as possible.

    In the “good” old days, I remember doing so many things by hand that can now be done by any of the above tools. This will help you avoid mental errors, let the tool (s) do your work, i.e. backtesting, parameters and so on.

    This will give you more time to do research and test new trading concepts.

    In Conclusion

    Please review and explore everything I mentioned, use and test your systems over and over, refine and continue exploring, until you find your personalized trading system.