1、November 1, 2010,The Ultimate Trader,Investing VS. Trading,Investment strategy,Passive,Active,Buy and Hold Indexing Diversification,Security analysis and selection Market timing,Trading,Buy Hopefully sell it at a higher price later Short sell Sell a stock (borrowed from the broker) that you dont own

2、 Hopefully buy it back at a lower price later Margin trading Use leverage to magnify your return, both positive and negative Exit strategy Take-profit or stop-loss,Limit-Order Book,Types of Orders,Market order Buy at the ask price (20.30) Sell at the bid price (20.20) Limit order Buy at the limit pr

3、ice (e.g. 20.10) or below Sell at the limit price (e.g. 20.40) or above,Types of Orders,Stop order Use to cover your position Become market order when the stop price is reached Buy at the stop price (e.g. 20.40) or above Sell at the stop price (e.g. 20.00) or below Trailing stop order Sell when pric

4、e drops by certain % or $ to close your long position Buy when price increases by certain % or $ to close your short position,Stock,Valuation Discounted Cash flow model P/E valuation Exchanged Traded Fund (ETF) Tracking an index, a sector or a region iShares, SPDR Leveraged ETF, Inverse ETF ProShare

5、s,Option,Call Holder has the right, but not the obligation, to buy a given quantity of an underlying asset on or before a future date, at price agreed upon today Bullish Put Holder has the right, but not the obligation, to sell a given quantity of an underlying asset on or before a future date, at p

6、rice agreed upon today Bearish,Option Valuation,Call Put Stock price+ Exercise price + Interest rate+ Volatility in the stock price+ + Expiration date+ + Dividend +,11,Long Straddle Profits,Profit at expiry,Using Option to Stop Loss,Protective put Buy stock at $X Buy put with an exercise price $Y,Te

7、chnical Analysis,Winupsure Trading Inc.,Title Trading is the leader in the day trading industry. We operate under the Winupsure trading Inc. umbrella which is one of the largest trading floors affiliated with Title Trading Our U.S. headquarters are in Charlotte, NC, which houses the firms operations

8、 and technology team; Our international headquarters are in Montreal, Quebec, where affiliate training and proprietary trading occurs; Numerous proprietary trading affiliate offices and a couple of thousands day traders exist around the globe.,About us,Our traders trade various asset classes on seve

9、ral stock markets using the firms capital with no financial risk to them.Our leading edge, proprietary direct access electronic trading platform provides traders with live market data, volume price discounts, rapid order execution and unmatched software stability, giving them the necessary to succee

10、d. We take pride in our reputation as offering the best training, trader mentoring, technology, trader tools, and affiliate office support in the industry.,About us,Experience Price Technology Support Education Trading Environment Title Traders Generate Consistent Income 1) unique low commission fee

11、 structure, 2) proprietary fast execution software, 3) state-of-the-art training,Why Title Trading is the leader in the day trading industry?,Proprietary trading is a term used to describe when financial institutions actively trade stocks, bonds, options, commodities, or other items with institution

12、al funds as opposed to customer money or the trader money, so as to make a profit for the firm. The firm will then pay a percentage of any earnings to the trader for their hard work. This industry has no end in sight for growth. Since the introduction of electronic trade execution on NASDAQ, intrada

13、y trade volumes have steadily increased to eventually overtake the major equity exchanges worldwide,What is Proprietary Trading?,Originally, all stocks were traded on the New York Stock Exchange (NYSE) and all trading activities were performed manually. In 1971, the worlds first fully electronic exc

14、hange came on line: the National Association of Securities Dealers Automated Quotation (NASDAQ). This exchange allowed traders since the advent of Intranet technology to send orders to one another electronically instead of physically. Historically, brokerage commissions were fixed at 1% of the dolla

15、r value of the trade. We would not be here today in the active trading profession if that were still the case. Markets in April 2001. Prior to that, intra-day traders used their own capital, making 1/16th or 6.25 cents per spread ($62.50 on a 1000 share order) and paying a direct access broker a com

16、mission of usually 1 cent per share ($20.00 round trip). After decimalization, the spreads narrowed to 1 cent ($10.00 on a 1000 share order) and day traders quickly burned through their capital, paying fees and fighting for a smaller spread. This dealt a blow to the volume on the ECNs (Electronic Co

17、mmunication Networks) since day traders were no longer providing liquidity throughout the day. To respond to this, the ECNs implemented a credit system, where the direct access broker would receive a small amount of money for adding liquidity on the ECNs. This is where the idea was spawned to allow

18、traders access to the markets on a near-cost basis, allowing them to profit once again from the spread. Since the direct access broker was no longer profiting on the per share basis, they decided that it would be best to share the profits with the traders and allow them the access to the capital the

19、y needed in order to trade (margin).,History of Proprietary Trading,Title Trading. believes that traders must be multidimensional, and have the ability to adjust and change their trading strategies as market environments change. With proper risk management, we believe that being execution experts will allow most to grind out profits on a consistent basis. We then teach our traders how to gain the necessary “bias”