New Member Orientation

Ok we are going to start; welcome to those of you that joined today. Nice timing! All of you will have the opportunity to ask questions, even trial members.

Good evening and thank you for taking time out of your busy schedules to come and see what Trendfund.com has to offer you. Our services are very complex to first time traders and even veteran traders. So tonight I hope to give you enough information to maneuver our site and services and a few resources to allow you to expand your trading knowledge and increase your wealth along the way.

We offer many membership plans and that is one reason the website is setup and seems fragmented. Not every member can see every call made or everything posted on the site. Having said that lets review the types of calls anyone in this room or on Plan C have access too. Some calls are posted on the site at night and others are made in the room and distributed on the Alert reporter live each day.

Before we start with each play type and what to expect from us. I want to take a few minutes to explain the alert reporter and how you get it and how to use it. Trendfund.com uses the alert reporter software to send you messages. The software is a free download to any Plan C, D or free trial member. This allows you can get live information and doesn't leave you at the mercy of the speed of email to see the calls or any other commentary we send out.

The alerts we type are posted in the room by the staff so all alerts are put in the room and also generate an email you see whenever you check your email. They are also time stamped and archived on the website real time. If you feel you have missed information log on the website and go to CALLS tab and then to Email Alerts to view all the alerts. If you need assistance installing the alert reporter contact Carrie@trendfund.com and she will get you instructions for installation.

Lets start with the plays of the week, stocks and options. They are posted on Sunday night on the website, the entry, stop loss and trading plans are posted with the stock and options information. You can find them under the CALLS tab on the site, look for Play of week FULL to get all the stocks of the week and also OPTION Play of week to get the options listed weekly.

Also note that these are "swing" trades, that means trades for more than a day. You should not expect additional alerts or follow up. That is because the trading plan is posted for you and is to be followed and tracked by YOU. YES Waxie may update something but never expect that, just follow the plan.

Also under the COMMENTARY TAB you will find focus list light. That is ONE stock per day, with the trading information you will need. Some basics on the focus list and its use. The entry and exit Tiny lists are to be used after 10 am eastern. SO if the entry price trades prior to 10 am you do NOT enter it then we reset the entry AFTER 10 am. I do that on an alert at 10 am each morning in addition to the resets on the alert you will see remove these stocks on Tuesday and Thursday. That is because the stocks are ONE time use.

Since we get a new list on Monday, Wed and Friday if a stock is used on one of those days we move it before the next day. I provide you with the list at 10 am each morning on what to remove or reset. So watch for that. Focus stocks are not followed up on, meaning you use the general commentary we give in the room to manage your position. Tiny and I discuss market conditions all day and you are free to ask for assistance if you need it on any of the focus stocks or focus stock light. They are intraday plays, meaning just day trades.

When you see the end of day alert that says CASH is the call end of day and swings/options are a hold. That means focus list is pushed out by the end of the day and plays of the week you follow the plan stated on the play and hold them. That covers the calls posted on the site in advance for you to review and enter as stated on the play.

In addition to those plays we make live calls such as the gaps, intraday or swinging (overnight calls), options and stock index futures on a daily basis. All the calls are made on the alert reporter for you and are timely and meant to be traded/entered right away. The focus stocks are also posted for the room and alerts sent but they are EARLY and you should enter at the ENTRY point only and not early. I TRY to send the alert and room post for a "heads UP" on the focus list stocks (FL), just be careful not to jump the gun and enter early, it may not trigger. We type the live calls alert and sent them so they maybe a little past or under the calls amount but it's a live market and you have to watch for a pullback to enter or pay a little more. Should be within pennies or right at the amount, the alert reporter is a very fast tool, but they can move. If they move it’s your judgment on that and I don't ever suggest you chase and overpay for a call.

Futures calls are NOT on alerts. They are live in the room daily and in color to stand out from me daily. Any live call made that says nothing on the alert is for DAY use, like gaps and other stocks called. ANY option call is a swing call unless specifically stated it is for DAY only. Stocks that are swings will stipulate that on the alert when the call is made. There is no guessing, if it's a swing we tell you when it’s made so you know what to hold and what not to hold.

That covers the types of calls we make and how to receive the information. I suggest any new person sit and read/watch for several days to get it all figured out and see what we do and how it’s done. Learning to read the room is a challenge to many people and the chatroom software mirc allows you to do many things to filter the information. Carrie@trendfund.com can assist you with mirc setups and features.

Some things I suggest are highlighting the staff, setting up any sound alerts on key words that may interest you. Like if you trade futures you can setup a sound to see the posts I make in the room, or if you want to use the word ALERT to sound you, or anything else you would find helpful she can assist you with that. Using highlights for the staff names can help you avoid a lot of the noise in the room and focus on less reading and more to the basics on what you need. Many members post comments or trades and we encourage that, but for a new person it is confusing and information overload. So just ignore it and get to it when you can. The learning curve varies with how much time you can dedicate to getting started so don't be discouraged if you find it completely overwhelming. I even suggest reading this class a few times to help you find what is important and what will help you longer term.

Along with the calls and commentary in the room the website offers you a TON of information in the class archives. Reading past classes can help you learn and review many aspects of trading and getting started even. I will list a few classes I feel you MUST read and then there are many others that will just help you to educate yourself. Taking things step by step and not overloading yourself is key so don't try to take it all in at once, allow yourself time to study, read and review regularly and you will see the progress.

Another good learning resource for chatroom members is the Sunday night market discussion Tiny holds in this chatroom. It allows you to see what he sees on charts, hear him review market conditions and pick up terminology along the way. Homework sessions are also held intermittently in the chatroom in the evening by Tiny.

Other learning resources here would be one on one coaching sessions with myself, Tiny or WAXIE. They are half hour sessions on any topic you would like to review and costs varies with sessions you want and by the coach. If you are interested you can email Paul@trendfund.com for information. Tiny's book is available is a wealth of information on technical analysis and bring to light much of what is discussed in the room daily. I will list the classes you should take the time to review and then take questions.

Calls and Stops

Trading the Gaps, Reviews the 3 entry techniques we use

TRIN, TICK and TIKI

Symbols for Market indicators

Money Management and Trading plan

Managing Your Trade

Setting up mIRC

Alert Reporter download

Plan on half an hour or so per class and you will see huge differences in what you understand and can use in your trading with us. Managing your trade is as important as getting the calls so don't overlook or underestimate the other part of trading because I didn't mention them here tonight. I can't touch on every topic and that is why we have a website full of archives to help you.

NOW you can ask questions.

[venusmars] For futures only trading, same classes?

Yes. Same gap techniques, same indicators and a lot of same management but not completely applicable so the money mgmt is not really necessary and then there are these for you too.

Archived Futures Basic Class

Futures Pivot Points

Resource sheet on the site

Futures educational seminar tapes

[dodger] how can we access charts that are referred to in the Sunday night homework session?

If you are using mirc to get in the chatroom you just double click on the link in the room for access should open right up for you if you want you can run your mouse over the link, that is highlighted BUT when you take your mouse off the highlight goes off...its still there so then just control V into your internet web browser and you can see them so either way you will get access.

[eversman] t, is there something on the site to show what stock belong in what sectors?

Nothing on the site, I have done newsletter articles on main sectors and what stocks are in them and I have a nice watchlist I'd be happy to share.

[venusmars] your language this morning "looking for a down," was to short the ES?

Yes we gapped up so we look to short when we gap up.

[Mexie] At what time is the Sunday Market Discussion session?

It varies with time Tiny has usually around 8ish. He sends an alert WHEN and WHAT time he holds it.

[dodger] t, we should put limit orders for the focus stocks? Sometimes the market moves right thru the entry points. If there is a retracement, should we enter then?

You would have to use stop limit orders. If you put in a limit order before they trigger..like when its near you would fill limits are that price or better so you should use a stop limit order so ONLY your price will fill OR wait for it to actually trigger then enter up to you really but sometimes you see the momentum and know its fine others you can't really read it and should wait.

[SuperM] What if I see that a stock appears to have triggered, but you guys don't alert us?

I reset them always for you for anything that changes at 10 am THEN I TRY to post them in here early so you have a heads up and then I do an alert too BUT its not guaranteed I will. It’s possible I miss them, step away or just too busy to do it. I have only two hands and can't do it all at times and if its a focus stock or futures trade, sorry but futures folks win out.

[Ray] Waxie gives a stop loss on options but many times it is to low that my 2% loss triggers and then the option goes up.

You have to adjust your lot /contract size to accommodate the stop size if you can't lower the contract number you are playing to a lot for his stop loss you should sit it out.

You should be able to just play fewer contracts and be ok. The 2% is covered in the money management classes I posted and also in the infomercial classes so most of you should be familiar with it. IF you are not, here is a fast review and it’s the rule you should ALWAYS USE!

If you trade lets say 30,000 total in your portfolio you take 2% of that so that is 600.00. So on any single trade you only risk 600.00. So if Waxie says or Tiny or whatever says the stop is 2.00 on this stock you can only play 300 shares. If it’s options and the risk is 1.00 or whatever you can only play 6 contracts so you are still within your 600.00 total risk on any one play, you should never over extend that and should NOT max it each play.

[Mexie] How do you suggest starting? There just seems to be a lot of options. Say gaps, swings, etc?

I suggest you sit in here watch lots, read as much as you can stand, paper trade and SEE what suits you. I've found over MANY yrs of doing this that MOST people actually migrate to certain things out of preference. Many hate to hold over so no swings. Some can only trade the AM so only gaps. Some like the speed of gaps or scalping so that is their thing. Some like options only..defined risk, less management and that is fine too nothing is right or wrong. It’s really your preference, what you understand and what you can play.

You can't really go wrong if you are managing it right and doing the right stuff with whatever you are trading. It sort of just works out usually after a few weeks usually most folks find a niche that they can focus on then expand as they become more familiar and comfortable.

[JimmyD] Which brokerages usually have enough shares to be able to short?

They all vary. Some are great with getting hard to borrow shares. Others are so so. Usually direct access brokers like terranova or others are very good. Web based don’t care as much and don’t' work that very well, but with MOST if you call and say you never have shares on this company they'll try to get some..won't help you that time, but may in the future.

[Mexie] What is lod?

LOD or lod is low of day..hod is high of day

[junkmam] can you recommend a book on options?

My favorite book on options is actually pretty thin and inexpensive. It’s called The Options Workbook by Anthony Saliba.

[Poor-Boy] new to all this and want to start with a relatively small amount what do you suggest?

Most online brokers require a minimum of $2000 to start with so that is minimum. More is better of course and with that you can start and get nice leverage with options or futures.

[avator] do u rec a charting service?

TF suggests Terranova. They are a direct access broker/trading platform that also has charts, level II and live quotes. If you cannot use them there are many other just quote services like qcharts, esignal etc.

[drelki] T, can you do all infomercial classes in this chat room?

No, they are in the other chatroom..just #infomercial not #Trendfund. Your entry info for that room isn't the same as for in here two different accesses if you need help for that room ilene@trendfund.com can assist you and teach you to setup both really easy.

[ranger] Into the gap is used often. Can you elaborate?

Let me see best to explain this with no example handy on a chart I can upload. Ok lets say the stock opens at 21.00. Closed yesterday at 19.50 so gaps up 1.50. So opening at 21.00 it may have a more upside..that is why we do the 5 min wait. So assume it goes up to 21.50 THEN starts back down. When its under 21.00 its into the gap at 19.50 gap would be filled.

[ken-1] How do you distinguish a flag from a pennant?

Both are continuation patterns. Pennant is a small triangle. Flag is a small counter trend move against the impulse that preceded it.

[taitai] Can I trade option instead when the stock trigger?

Yes. You can but a few things to be aware of. Some of the stocks are thin on the focus list so options maybe really no interest at all. Those you would need to rule out and others would work really well so what I like, folks that want to convert stock calls into options intraday do, is this. Do it on paper for a week so you see what to expect how to deal with some things that are different what strikes to use and how to manage them sometimes. They do really great others are small that is dependent on the days trading range

[avator] When doing this type of option call us in the money or out?

If you hear myself or tiny talking about small ranges, options will be a killer for intraday. If we've had a few big range or trend day days, you will want to look for smaller range days to follow and back off options. The week of expiration can be very lucrative for intraday trading of options, but of course you have limited time. Then the other thing I like you to look at is the week after expiration they are usually very expensive, so we don’t even do many.

[denisetx] Been sitting on hands for two weeks - lost confidence - any suggestions?

Oh boy, yes some.Tell me what you trade most of the time denisetx? By the way we can do this privately but chances are others in the same boat.

[denisetx] All day stocks.

Here is the deal with our calls. By allocating to several calls you are likely to not get into losing call after losing call. However..and trust me I KNOW it can happen. Look at the calls and see what you are seeing. If it’s really just you pick every bad call. Not a lot we can do with that other than be sure you are getting in a variety of calls.

Are the mkts and info we are giving you worth you stepping into? Yes the focus list may trigger BUT when is it triggering and are they reversing immediately? If that is the case it’s a no follow through day and it’s for scalping. Are we trending and that is good but your stuff isn't moving that is bad?

If you are trading TF calls and time and time again you are in bad ones and no good ones, let’s work on the trade allocation some. And get you in fewer shares of some and more trades, which can be a challenge to manage.

4ish calls is pretty nice for most folks with any experience also keep a log so you see what is good and bad. And know maybe some stocks you are using too tight of stops or not tight enough and look back and see where things went and what you did right or wrong will help you to focus and be less emotional.

Tiny and I are here to help all of you throughout the day and want you to make money and learn. So ask when you need to ask something. We'll answer you as quickly as we can and we'll point you to site resources if we think that is where you need to be.

Thanks all for coming!