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Holding on With White Knuckles to the Market's Ride?
Don't let a lack of experience hurt your trades
By Jill Noble
Fri, 07 Oct 2011 17:15:00 ET
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How do successful traders keep their cool in roller-coaster markets?

Yes, a strong stomach helps -- but to keep your head during extreme ups and downs, the real difference is education and self-discipline -- in a word,
experience.

If you've been trading full-time for five years or more, read no further.
 
If you're newer to the trading game, you already know that "there is no substitute for experience." Yet as Robert Prechter says: "There is a shortcut … and that is to find a mentor." (He should know: learn more about Prechter's trading history here>>).
 
Recent market action has been a loud reminder that there's never been a more important time to improve your trading skills. The Wave Principle (and supporting technical tools) can help you avoid the pitfalls and identify unique opportunities.
 
Senior Tutorial Instructor Wayne Gorman and "Trader's Classroom" instructor Jeffrey Kennedy have more than 40 years of combined experience in market analysis and trading. They have worked closely with Robert Prechter for decades.
 
Together, Wayne and Jeff have developed a course to help you bridge the gap between Elliott wave analysis and trading -- so you can make the most of your trading decisions.
 
Their carefully-crafted lessons and hands-on exercises offer you the knowledge-building confidence you need to apply these techniques in your own trading.
 
But don't take our word for it:

       "This course revealed all of the critical nuances that I was unfamiliar with and showed me how to effectively apply them to my trading. I highly recommend this course." – Daniel R.
 
          "This tutorial shows you how to take the Elliott Wave patterns and combine them with trading techniques that remove the emotion from the trade. I will be able to go home and immediately implement what I have learned." – Lara M.
  
           "Great to review and reinforce Elliott Wave Principle, to throw away old tools and learn new ones. Fantastic way to… share ideas and tips to understand who you are as a trader, and how to use them in favor of profits." – Francisco D. 
 
            "Highest caliber. One of the best in 45 years. Everything went right! Now I have a much better understanding of the Elliott Wave concept. Thank you!"– Paul J.

You can take the online course from the convenience of your own home, as Jeffrey and Wayne teach in real-time. They also continue to provide feedback for weeks after you've completed the program.

Jeff Kennedy and Wayne Gorman offer their years of wisdom to give you an edge, and equip you "to hold on to your seat" for the wild ride ahead.

Back by Popular Demand: How to Trade in a Fast-Moving Bear Market Online


Trim years off your learning curve and become a more independent Elliott wave analyst and trader with help from two of EWI's best instructors from the comfort of your own home!

Our October session is going so well that we are now offering a NEW, 8-session online event starting November 17
 
 

Tags: personal finance, risk management, technical analysis, Traders, volatility
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The Elliott Wave Principle is a detailed description of how financial markets behave. The description reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific Elliott wave patterns in price movements. Each pattern has implications regarding the position of the market within its overall progression, past, present and future. The purpose of Elliott Wave International’s market-oriented publications is to outline the progress of markets in terms of the Wave Principle and to educate interested parties in the successful application of the Wave Principle. While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will Elliott Wave International make specific recommendations for any specific person, and at no time may a reader, caller or viewer be justified in inferring that any such advice is intended. Investing carries risk of losses, and trading futures or options is especially risky because these instruments are highly leveraged, and traders can lose more than their initial margin funds. Information provided by Elliott Wave International is expressed in good faith, but it is not guaranteed. The market service that never makes mistakes does not exist. Long-term success trading or investing in the markets demands recognition of the fact that error and uncertainty are part of any effort to assess future probabilities. Please ask your broker or your advisor to explain all risks to you before making any trading and investing decisions.