GANN ARTICLES

More documents

Recommendations

Info

one to hire him. He fi nally went to a small brokerage fi rm. They gave him the test and he passed it because of the math part. Tim was very savvy with business and he knew what these people were looking for. Tim fi gured he could be hired anywhere if he was a licensed broker. To be licensed as a broker, one must past a diffi cult series 7 test. Tim studied for this test sometimes eighteen hours a day for two straight weeks. He tried to cram all the information into his head. The test day came and he failed it. He had to wait a month and took the test again. The second time he passed the test. After passing he went back to the big brokerage fi rms. He was now a licensed broker. He went into Merrill Lynch and talked to the VP of that offi ce. He was feeling really good about himself and told the manager how he had built his business and of his background. He really sold himself. He told them that he was already licensed and that he wanted to work with a reputable brokerage fi rm. He felt that the fi rst time he interviewed with these brokerage fi rms they felt that he could not pass the test because of his comprehension level. Tim said to the manager, “Just give me a chance and I will be the best broker you ever hired”. The manager was very impressed and hired him. Later on the Manager told him that he had been a manager for 10 years and Tim was one of only two people he ever hired on the spot. 10 Spring 2001 tradersworld.com Tim started with just a handful of accounts. These were people that he knew and that he had business dealings with in the past. He called them up and said give me your money. I will take care of it like my own. Tim studied very hard trying to fi nd a good method to trade the markets. Every other broker there, was just telling stories to sell the stocks or mutual funds that the fi rm recommended. After customers bought the stocks, they would always go down like clockwork. It was almost comical. Tim just looked at himself and said that he could not do that to his clients. Tim developed great trading skills and he was profi table. He got a lot of referrals from clients due to his success and he was able to build a large book of accounts. He never did any cold calling. At Merrill Lynch they ranked their brokers according to fi rst year, second year, third year and so on. As a broker you could go in and see exactly where you were every month when the production report came out. Tim would always go in to view the reports. His goal was to be number one. He was very determined. Tim was always in the top one percent. Tim knew that if he did the same thing that the other brokers did, he would just be like them. He decided he would have to do something different. He fi gured out, he had nothing to loose. He started developing systems on his own. He tried different things to trade. He stud- For more information circle No. 6 ied the mathematics behind the market. He learned what made the market move. He started doing better and better. The fi rst year he was the top broker in the western region. Tim was at Merrill Lynch for 3 years and then management changed. The new manager went around talking to get to know the new brokers. The new manager got to know Tim’s type of trading and the velocity on his accounts. He felt it was too high. He also noticed Tim’s own account had a lot of trading. At that time Tim was trading really heavy in options. Options to Merrill Lynch were considered high risk from the retail brokers standpoint. He asked Tim how much time he spent on prospecting customers, like cold calling and that kind of thing. Tim said that he never did any cold calling. The manager said how do you bring in new assets into the fi rm. Tim said by getting referrals from his present customers and by doing a good job managing their money. The manager said maybe you should stop trading your own account and spend the time prospecting for new accounts. Tim did not really know what to say to the guy. There was no possible way that Tim would stop trading his own account. Other brokerage fi rms were constantly perusing Tim. They were offering him up front money with stock options and everything. They told him to bring his accounts
NTI Commodities Mentoring Program NTI has a unique and innovativefourmontheducational course designed to teach you to become a profitable trader. Our students receive an (800) number to talk to their own professional trader/ mentor. The course curricu- Pursue the dream of financial independence “The only way you’re going to change your financial situation is to stop, and really take the time to educate yourself.” lum includes two of the very best books on trading (each with its own companion study guide), and other materials and aids to trading…but these items are not the CORE of the program. Anyone can go out and buy books on trading. The core value that you are getting is access to your own personal coach who will teach you how to trade, one-on-one, over the telephone. Our Men- tors are successful, licensed commodity trading professionals, who have been trading for many years, some for decades. The course requires two hours of work a week. Students with more time can move faster and call their mentor every day (30-minutes maximum per call). Your personal mentor will gather information on who you are and where you are in your trading pilgrimage. Then he or she will design an individualized teaching program to guide you in developing your own trading strategy, customtailored to your situation. Once you have successfully completed the first two modules of the structured cur- How long has it been since you’ve had a real vacation? For more information circle No. 7 riculum, and you feel you are ready, you will begin trading with real money, making your own trading decisions, but with your mentor giving evaluation after you liquidate the trade. People who want to learn how to trade commodities should stop and take the time to educate themselves first. At NTI we place a special emphasis on teaching our students to eliminate “the human element” in their trading. We will teach you to make educated decisions as opposed to emotional ones. Conquering “the human element” is the one common denominator of all profitable commodity traders. If you are interested, call (800)966- 1NTI and ask to speak to an Enrollment Counselor. Be free! Own your own business. Be your own boss. National Trading Institute 3440 Wilshire Blvd. Suite 610 Los Angeles, CA 90010 (800)966-1NTI NTI FAX (213)252-2980 info@1nti nti nti.com nti tradersworld.com Spring 2001 11
Page 1 and 2: THE OFFICIAL MAGAZINE OF TECHNICAL
Page 3 and 4: Visit us online for officical rules
Page 5 and 6: For more information circle No. 3 t
Page 7 and 8: DO YOU WANT TO COOK UP YOUR OWN IND
Page 9: Commitment The Story of Tim Cho By
Page 13 and 14: did it. He opened the next branch a
Page 15 and 16: sal days are already numbered if yo
Page 17 and 18: Trade # 6 rose + 6/8th, Trade # 7 f
Page 19 and 20: Gann’s Master Mathematical Formul
Page 21 and 22: Trading as a Profession By Larry Pe
Page 23 and 24: Guaranteed To Dramatically Improve
Page 25 and 26: The Time Factor of W.D. Gann By Jam
Page 27 and 28: stock and commodity markets on eart
Page 29 and 30: Gann Masters II The Most Advanced W
Page 31 and 32: The Geometry of Stock Market Profi
Page 33 and 34: Stacking the Deck Using Cycles, Pat
Page 35 and 36: of PI, or 3.14 divided by 4. Most t
Page 37 and 38: Michael Jenkins Interview Question:
Page 39 and 40: Something is Wrong With Gann Angles
Page 41 and 42: digits, then all prices will fall i
Page 43 and 44: the more impressed I think you will
Page 45 and 46: work at hand. When we laid down the
Page 47 and 48: sled dogs. It was a phantasmal plac
Page 49 and 50: ning with these two things in mind,
Page 51 and 52: Fast Stocks, Fast Money Investing i
Page 53 and 54: ust to the current boom cycle - it
Page 55 and 56: Traders’ Chat Room By Larry Jacob
Page 57 and 58: UNFAIR ADVANTAGE For more informati
Page 59 and 60: tradersworld.com Spring 2001 59
Page 61 and 62:
MILLENNIUM-TRADERS.COM LIVE ... Onl
Page 63 and 64:
For more information circle No. 45
show all

GANN ARTICLES

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?