Handbook Get Startedimages.kw.com/docs/1/0/1/101273/1263271835088_Student_Handbook.pdfsuffer if you...
Transcript of Handbook Get Startedimages.kw.com/docs/1/0/1/101273/1263271835088_Student_Handbook.pdfsuffer if you...
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A Guide to Help You Get Started A Guide to Help You Get StArted
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Trading securities can involve high risks and the loss of any funds invested.
Copyright © 2008 Investools Inc. All rights reserved. Terms of use apply. Reproduction, adaptation, distribution, public display, exhibition for profit, or storage in any electronic storage media in whole or in part is prohibited under penalty of law. Neither Investools nor its educational subsidiaries nor any of their respective officers, personnel, representatives, agents or independent contractors are, in such capacities, licensed financial advisers, registered investment advisers or registered broker-dealers. Neither Investools nor such educational subsidiaries provide investment or financial advice or make investment recommendations, nor are they in the business of transacting trades, nor do they direct client futures accounts or give futures trading advice tailored to any particular client’s situation. Nothing contained in this communication constitutes a solicitation, recommendation, promotion, endorsement or offer by Investools, or others described above, of any particular security, transaction or investment. thinkorswim®, Inc. is a FINRA registered broker dealer and NFA introducing broker. thinkorswim Advisors, Inc. is an SEC registered investment advisory firm. Both companies are wholly-owned subsidiaries of thinkorswim Holdings Inc. which is a wholly-owned subsidiary of thinkorswim Group Inc. Member FINRA/SIPC/NFA.
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Tabl
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Con
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s plan Your education 2Welcome letter 6
To Do
What to do After the Workshop 8• Howtochangeyourpassword 9• HowtocreateaGuestAccount(secondaccount) 10• Selectabrokerageaccount 11• HowtousethinkPod™ 11
PreparingforYourFirstWeekasanInvestor 12• CreateawatchlistofstrongstockswithGlobalSearch 12• Howtoexecuteatradeusingthinkorswim Web-basedpaperMoney™ tradingplatform 13
Daily ScheDule
7-StepInvestingFoundationMilestones 15• InvestingFoundationCoursecalendarpages 16
8-StepBasicOptionsMilestones 30• BasicOptionsCoursecalendarpages 31
CommunityTab–UserGroups 48• Whatisausergroup? 48• Howtofindausergroup 48• Howtostartausergroup 49• Howtofindotherstudentsbylocationorsimilarinterests 49
Interactive:Stocks&OptionsClass 50• Descriptionandhowtoregister 50
coaching
HowDoIGetinTouchWithaCoach? 51
HowtoGetReadyforYourFirstCoachingCall 52• Gettingtoknowyourself 52• Activity 52• Listyourinvestingstrengthsandweaknesses 53• Rankyourlevelofrisk 53• Developing"MyInvestingMissionStatement" 55
EngageYourSupportTeam 57• RemembertheFAQpage 59
SampleQuestionstoAskYourCoach 60
RefeRence
• Locatetheonlinecourse 61• LocateSpotlights 61• LocateTradingRooms 62• LocateInvestorTalk* 62• FindVirtualCoaching 63• Findyournextliveworkshop* 63• Registeronline* 63
goalS
SettingGoalsandIdentifyingYourObjectives 64• Activity 65• Investingpersonalityquiz 66• Designingyourfinancialfuture–US 69• Designingyourfinancialfuture–Canada 71• Checklistforstocks 73• Journalforstocks 77• Journalforoptions 81
bibliogRaphy
Quotations 85
* Master and PHD students only
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n o o n e i S b o R n k n o w i n g h o w T o i n v e S T S u c c e S S f u l ly, b u T w i T h e x c e l l e n T i n S T R u c T i o n , a n y o n e c a n l e a R n .
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pRogRaM of high DiSTincTion
(phD)
aSSociaTe inveSToR pRogRaM
MaSTeR inveSToR pRogRaMhow you will learn
Online CoursesTrading Rooms
Coaching
Interactive: Stocks & Options Online Class
4
• InvestingFoundationand BasicOptionsOnlineCourse
• Interactive:Stocks&OptionsOnlineClass
• investor Toolbox® access (12-monthextension)
• VirtualCoaching(12months)• InvestingFoundationandBasic
OptionsTradingRooms (12months)
• InvestingFoundation,BasicOptionsandAdvancedTechnicalAnalysisOnlineCourse
• BasicOptionsWorkshop• AdvancedTechinicalAnalysis
Workshop• Interactive:Stocks&Options
OnlineClass• investor Toolbox® access
(18-monthextension)• One-on-OneandVirtualCoaching
(18months)• InvestingFoundation,BasicOptions
andAdvancedTechnicalAnalysisTradingRooms(18months)
• InvestorTalk(18months)
• BasicOptionsWorkshop• AdvancedTechnicalAnalysisWorkshop• AdvancedOptionsWorkshop• InvestingFoundation,BasicOptions,AdvancedTechnicalAnalysis
andAdvancedOptionsOnlineCourse• Interactive:Stocks&Options,ActiveInvesting:AdvancedTechnicalAnalysis
andHigh-ProbabilityTradingOnlineClass• High-ProbabilityTradingWorkshop(Upgrade)• investor Toolbox®access(24-monthextension)• One-on-OneandVirtualCoaching(24months)• InvestingFoundation,BasicOptionsTrading,AdvancedTechnicalAnalysis
andAdvancedOptionsTradingRooms(24months)• InvestorTalk(24months)• VIPPass(24months)
associate investor program
Master investor program
program of high Distinction (phD)
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DearActiveInvestor,
Welcome to the investools Method®.Congratulationsonyourcommitmenttocontinueyoureducation—adecisionthatcanchangeyourfinancialdestiny,enablingyoutoexperienceaqualityoflifeyoudesireanddeserve.FinancialfreedomCANbeyours.the investor Toolbox®willhelpyoudiscoverhowtopreserveandgrowyourassetsbytradinginthestockmarketinanew,simplifiedway.
TheContinuingEducationProgramprovidesthefollowing:• ExtendedsubscriptiontimeontheWebsite• Additionalonlinecourses• Multipletradingstrategies• Coachingandstudentservices• TradingRoomsWebcasts• Communityforums• Interactive:Stock&OptionsClass
MasterandPHDstudentsalsoreceive:• Liveworkshops• InvestorTalk• One-on-OneCoaching
Weallhaveafinancialblueprintaboutmoney.Wherediditcomefrom?Family?School?Friends?Perhapsfromallofthese.ThegoodnewsisthateveryonecanredefinethatblueprintbylearningtheInvestoolsMethod.Itprovidestoolstohelpyouovercomefear,increaseskillsandinstillconfidenceinallofyourfinancialandinvestingdecisions.Nomatterhowyouapproachthiseducation,thisHandbookwillhelpsimplifyandorganizeyourapproach,andaccelerateyourprogress.Followingtherecommendationsandcounselcontainedherewillhelpyouachievethefinancialbenefitsyouseek. TobeginyourInvestoolsInvestorEducation,followthesesevensteps:
1.Completetheonlinecourse(s)2. familiarize yourself with the investor Toolbox 3. follow this HandbookandcreateaTradingJournal(seesample)4.Studysixto10hoursperweek,onehouraday, plusafewhoursontheweekends5.ListentotheweeklyTradingRoomsWebcasts6.Placeeightto10papertradesperweek.Search,analyze, createwatchlistsandportfolios7. use virtual coaching
Wel
com
e Bepatient.Yourhardworkwillpayoff.Rememberthefour“D’s:”
• TheburningDESIREforfinancialfreedomthatledto• yourDECISIONtocontinueyoureducation,• strengthenedbyDETERMINATIONtochangeyourfinancialfuture• throughaDISCIPLINEDapproachtoyoureducationandtrading.
Manyofourstudentshavesaidtheyfeltandactedasthoughreallifewasabouttobegin,thenletobstaclesgetintheirway,failingtolivethatreallife.Therewasalwayssomethingtobegottenthroughfirst,unfinishedbusinesstoclearup,ajobtodoanddebtstopayoffbeforeinvestmentscouldbemadeinthemselvesandtheirfinancialfuture.Afterallofthosethingswereaccomplishedthen,theybelieved,reallifecouldfinallybegin.Regrettably,theyreportthattheyletobstaclesbecometheirlives! Tohelpyouovercometheseobstaclesandprogressthroughyoureducation,Investoolscreated this Handbook,whichconsistsofsimple,step-by-stepinstructionstogetstarted,includinghandyreferences,guidanceonengagingwithyourCoachingTeam,a25-dayschedule,sampletradingjournalandgoal-settingexercises. Wearedelightedtowelcomeyoutoourgrowingfamilyofactiveinvestors.We’reexcitedforyoutolearnhowtoprosperbytradingthestockmarketinallthreedirections—up,downandsideways.Wewantyoutosucceed.Takeadvantageofourmanysupportandeducationalofferings.
Sincerely,
LeeBarbaCEO,thinkorswimGroupInc.
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WHATTODOAFTERTHEWORkSHOP
1. How to change your password 2. How to create a guest account 3. Select a brokerage account 4. Create a watch list of strong stocks with Global Search 5. How to execute a trade using thinkorswim Web-based paperMoney 6. Get ready for your first Coaching call (page 52)
Taketimetowriteyourusernameandpasswordhere.
USERNAME: PASSWORD:
1. how to change your password
STepS Select My Account (top-right corner)
Fill in your current password and enter your new password twice. Make sure to write down your new password
Click Update Password. A confirmation window will appear to let you know the change was successful
If you forgot your password, click here
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2. how to create a guest account (Second account)
Guestaccountsarefortheprimaryaccountholder’sspouse,familymemberorsignificantother. Tocreateasecondaccount,followthesesteps:
STepS Click on the My Account link on the upper-right corner of the screen
Click on the My Subscriptions link on the left side of the page
Once in the My Subscriptions section, find the section for Guest Access near the top of the page,
and click on Sign Up
TheprimaryaccountholdermustcompletetheformandagreetotheGuestAccountPolicy,which outlineswhoownstheaccountandwhocanadministerit.
Aftertheaccountiscreated,theprimaryandguestholderwillreceivee-mailconfirmationsandthe guestwillreceiveausernameandpassword.Entitlementsareturnedonimmediately,matchingtheprimaryaccount,andwillcontinuetoupdateassoonasyouenrollinadditionaleducation.
3.SelectaBrokerageAccount
Anothercriticalmemberofyourteamisyourbroker.Ifyoudonothaveabrokerageaccount,youshouldbeabletofindafirmthatmeetsyourspecificneeds.Partofbecomingsuccessfulinthemarketisgettingsetupandreadytotraderealmoney.Thiscantakeseveralweeksdependingonyouraccounts,sostarttheprocessnow.Youcanuseanybrokeragefirmofyourchoice.
Whenselectingafirm,evaluateitbyusingthefollowingfourkeycriteria:1. Technology
•Reliableorderexecution•TradeonyourcomputerandalsoviaInternet(downloadversus Web-based)•internet portal •Executeordersviacellphone(PocketPC,BlackBerry)•Anytime,anywhereaccess(Web-basedvs.softwareapplication)
2. customer service•Supportfrompeoplewhoknowhowtoexecuteorders•Nobroker-assistedfees
3.Third-partyrankings•Barron’s
4. Reasonable commissions•Withfullaccesstoallmarkets
ChoosingtheRightBrokerageFirmDuetoourmergerwiththinkorswim,itstradingplatformisimbeddedinallInvestoolseducationalofferingsandlinkedintheinvestor Toolbox®.Asyoulearntoinvestinthemarket,youwillbeusingthepaperMoneyapplicationtotradeonthethinkorswimplatform.BecauseInvestoolsownsthinkorswim,studentswhoopenanaccountwiththinkorswimmayreceivediscountedcommissionrates.However,wewanttomakeitclearthatyoureducationwillnotsufferifyouchooseadifferentbrokeragefirm.
HowtoUsethinkPod™
Designedtoenableinstanttrading,thepowerful,Web-basedthinkPodwidgetisfullyintegratedwithInvestoolsWebapplicationsandInvestoolsOnline™,providingatrulyseamlessinvestingexperience.Youcansearchforstocks,analyzethem,evenbuyorsellthem,withoutsigningintoyouronlinebrokerageaccount.ItalsoworkswiththepaperMoneyapplication. TousethinkPod,followthesesteps:
1. Enter your user name and password and click the Sign In button. 2. Choose whether you want to use paperMoney or your thinkorswim account. 3. Enter a stock symbol.4. Choose whether you want to buy or sell the stock.
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5.HowtoExecuteaTradeUsingthinkorswimWeb-basedpaperMoney
OpenapaperMoneyaccountbyfollowingthestepsbelow:
STepS Click on the Investor Toolbox® tab
Click on Portfolio
Under paperMoney, click on Account
Click on the Click here to launch Web-based paperMoney button
Click on the Trading tab
pRepaRing foR youR fiRST week aS an acTive inveSToR
4.CreateaWatchListofStrongStockswithGlobalSearch
STepS Click on Investor Toolbox®
Click on Searches
Click on Global Search. Fill in the criteria in the square boxes
Click on Save and name it
Youhavenowcreatedyourfirstwatchlist.Youwillreferencethiswatchlistallweekfor buyorsellsignals.
Click on the tutorial to watch a streaming video on how to navigate the site.
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7-STEPINVESTINGFOUNDATIONMILESTONES
Lesson1–PreparetoBeanInvestor• Onlinecourse• Quizcompletiondate:• TradingRooms
Lesson2–ProtectYourInvestmentCapital• Onlinecourse• Quizcompletiondate:• TradingRooms
Lesson3–StartAnalyzingfromtheTopDown• Onlinecourse• Quizcompletiondate: • TradingRooms
Lesson4–ConductaThoroughFundamentalAnalysis• Onlinecourse• Quizcompletiondate:• TradingRooms
Lesson5–SearchforAdditionalStrongStocks• Onlinecourse• Quizcompletiondate:• TradingRooms
Lesson6–ConductaThoroughTechnicalAnalysis• Onlinecourse• Quizcompletiondate:• TradingRooms
Lesson7–ManageYourPortfolio• Onlinecourse• Quizcompletiondate: • TradingRooms
SummaryFinalExamTestScore %.YoucannowviewaCapstonesessionunderInvesting FoundationTradingRooms
CapstoneInvestingFoundationTradingRoom.Viewminimumof10. (circle # completed)12345678910
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“ T h e M o R e w e S T u D y, T h e M o R e w e D i S c o v e R o u R i g n o R a n c e . "~ P E R C Y B Y S S H E S H E L L E
DAy 2 : T U E S DAy D aT e
LESSON2-PROTECTYOURINVESTMENTCAPITALCompletetheInvestingFoundationOnlineCourseLesson2.Wearelookingforascore
of100percentonthequiz. ViewanInvestingFoundationTradingRoomWebcast.TofindouthowtogettotheTrading
Rooms,seepage62.
check The MaRkeT anD evaluaTe youR poRTfolioS Reviewthethumbnailchartsforstocksonyourwatchlist(s)anddetermine
ifanyactionisrequired. Ifatradeorinvestmentisfound
• CalltheCoachingHotline*foraffirmationthatyouarefollowingtheInvestoolsMethod. AnotherwaytocontactyourcoachisviaLiveChat*,seepage57.• Writeyourentriesinyourtradingjournal.• PlaceatradeinyourpaperMoneyaccount.Remembertocomplete eightto10papertradesperweek.• Checkexistingtradesandplacestop-losstriggers.• Readnewsaboutyourexistinginvestments.
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“ T o a c h i e v e g o a l S y o u ’ v e n e v e R a c h i e v e D b e f o R e , y o u n e e D T o S Ta R T D o i n g T h i n g S y o u ’ v e n e v e R D o n e b e f o R e . ”~ S T E P H E N CO V E Y
DAy 1 : MONDAy D aT e
LESSON1-PREPARETOBEANINVESTOR CompletetheInvestingFoundationOnlineCourseLesson1.Needhelpfindingit?Seethe
Referencesectiononpage61.Wearelookingforascoreof100percentonthequiz. Makesureyoucomplete“Gettingreadyforyourfirstcoachingcall*,”seepage52. check The MaRkeT anD evaluaTe youR poRTfolioSReviewthethumbnailchartsforstocksonyourwatchlist(s)anddetermineifanyactionis
required.Ifyouhavenotcreatedawatchlist,seetheTo Dotab,onpage8.Ifatradeorinvestmentisfound
• CalltheCoachingHotline*foraffirmationthatyouarefollowingtheInvestoolsMethod. Ifyouarenotsurewhattoask,seetheCoachingtabforsamplequestions.• Writeyourentriesinyourtradingjournal,seepage77.• PlaceatradeinyourpaperMoneyaccount.Executeaminimumof eightto10papertradesperweek.• Spendtimewithyourfamily.
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18 19inveSToolS coaching hoTline | 1.800.465.1815 MonDay ThRough fRiDay, 9 aM To 11 pM eST inveSToolS coaching hoTline | 1.800.465.1815 MonDay ThRough fRiDay, 9 aM To 11 pM eST
DAy 4 : T H U R S DAy D aT e
LESSON3-STARTANALYzINGFROMTHETOPDOWN CompleteLesson3oftheInvestingFoundationOnlineCourse.
Wearelookingforascoreof100percentonthequiz. BeproactiveandcallyourCoachingTeam*,seepage51.
check The MaRkeT anD evaluaTe youR poRTfolioSReviewthethumbnailchartsforstocksonyourwatchlist(s)anddetermineif
anyactionisrequired. Ifatradeorinvestmentisfound
• CalltheCoachingHotline*foraffirmation.• Writeyourentryandexitinyourtradingjournal.• PlaceatradeinyourpaperMoneyaccount.• Checkexistingtradesandstop-losstriggers.• Readnewsonexistinginvestments.
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“ T h e f e w w h o D o a R e T h e e n v y o f T h e M a n y w h o o n ly waT c h . ”~ J I M R O H N
DAy 3 : W E DN E S DAy D aT e
EntertheInvestingFoundationVirtualCoachingforonehourminimum.Remember,youcan joinVirtualCoachinganytimefrom9amto11pmEST,MondaythroughFriday. SeetheReferencesection,onpage63.
check The MaRkeT anD evaluaTe youR poRTfolioSReviewthethumbnailchartsforstocksonyourwatchlist(s)anddetermineif
anyactionisrequired. Ifatradeorinvestmentisfound
• CalltheCoachingHotline*foraffirmation. • Writeyourentriesinyourtradingjournal.• PlaceatradeinyourpaperMoneyaccount.• Checkexistingtradesandplacestop-losstriggers. • Readnewsonexistinginvestments.
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* Master and PHD only * Master and PHD only
20 21inveSToolS coaching hoTline | 1.800.465.1815 MonDay ThRough fRiDay, 9 aM To 11 pM eST inveSToolS coaching hoTline | 1.800.465.1815 MonDay ThRough fRiDay, 9 aM To 11 pM eST
WatchtheMarketForecastTutorials
STepS Click on the Education tab
Click on Tutorials
Click on Market Forecast in the bottom left of the screenDaily
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LESSON4-CONDUCTATHOROUGHFUNDAMENTALANALYSIS CompleteLesson4oftheInvestingFoundationOnlineCourse.Wearelookingforascoreof
100percentonthequiz. geT ReaDy foR The week aheaD anD evaluaTe youR poRTfolioS CreateanewwatchlistwithGlobalSearch. Reviewthethumbnailchartsforstocksonyourwatchlist(s)anddetermine
ifanyactionisrequired. Ifatradeorinvestmentisfound
• CalltheCoachingHotline*foraffirmation. ThehotlineisopenMondaythroughFriday,9amto11pmEST.• Recordentriesandexitsinyourtradingjournal.• PlaceatradeinyourpaperMoneyaccount. Areyouontrackwitheightto10tradesthisweek?• Checkexistingtradesandstop-losstriggers.• Readnewsaboutyourexistinginvestments.
TheSpotlightswillhelpyoufindandunderstandthefunctionsofthe investor Toolbox. ViewatutorialonMarketForecast,seepage21. Remembertospendtimewithyourfamily.
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e“ c o M M i T M e n T M e a n S ‘ T o D e v o T e o n e S e l f u n R e S e R v e D ly. ’ o n c e y o u c o M M i T T o b e i n g R i c h , T h e u n i v e R S e w i l l a S S i S T y o u , g u i D e y o u , S u p p o R T y o u a n D e v e n c R e aT e M i R a c l e S f o R y o u . " ~ T . H A R V E k E R
* Master and PHD only * Master and PHD only
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“ i R e a l i z e D e a R ly o n T h aT S u c c e S S w a S T i e D T o n o T g i v i n g u p. i f y o u S i M p ly D i D n ’ T g i v e u p, y o u w o u l D o u T l a S T T h e p e o p l e w h o c a M e i n o n T h e b u S w i T h y o u . "~ H A R R I S O N F O R D
DAy 7 : T U E S DAy D aT e
LESSON6-CONDUCTATHOROUGHTECHNICALANALYSISCompleteLesson6oftheInvestingFoundationOnlineCourse. WatchaTradingRoomssession.
check The MaRkeT anD evaluaTe youR poRTfolioS Reviewthethumbnailchartsforstocksonyourwatchlist(s)anddetermineif
anyactionisrequired. Ifatradeorinvestmentisfound
• CalltheCoachingHotline*foraffirmationthatyouarefollowingtheInvestoolsMethod.• Writeyourentriesandexitsinyourtradingjournal.• PlaceatradeinyourpaperMoneyaccount.• Checkexistingtradesandplacestop-losstriggers.• Readnewsonexistinginvestments.
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“ I N ANy P ROFE S S ION , THREE TH INGS ARE N ECE S SARy: n aT u R e , S T u D y a n D p R a c T i c e . ”
~ A r i S t o t l e
DAy 6 : MONDAy D aT e
LESSON5-SEARCHFORADDITIONALSTRONGSTOCkS CompleteLesson5oftheInvestingFoundationOnlineCourse. WatchaTradingRoomssession. check The MaRkeT anD evaluaTe youR poRTfolioS Reviewthethumbnailchartsforstocksonyourwatchlist(s)anddetermineif
anyactionisrequired.Ifatradeorinvestmentisfound
•CalltheCoachingHotline*foraffirmationthatyouarefollowingtheInvestoolsMethod.•Writeyourentriesandexitsinyourtradingjournal.•ExecuteatradeinyourpaperMoneyaccount.Placeaminimumof eightto10tradesagainthisweek.•Checkexistingtradesandplacestop-losstriggers.•Readnewsonexistinginvestments.
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24 25inveSToolS coaching hoTline | 1.800.465.1815 MonDay ThRough fRiDay, 9 aM To 11 pM eST inveSToolS coaching hoTline | 1.800.465.1815 MonDay ThRough fRiDay, 9 aM To 11 pM eST
“ D o n ’ T w a i T f o R T h e S h i p T o c o M e i n ; S w i M o u T T o i T. "~ G A r Y W o o d
DAy 9 : T H U R S DAy D aT e
LESSON7-MANAGEYOURPORTFOLIOCompleteLesson7oftheInvestingFoundationOnlineCourse. WatchaTradingRoomssession.
check The MaRkeT anD evaluaTe youR poRTfolioS Reviewthethumbnailchartsforstocksonyourwatchlist(s)anddetermineif
anyactionisrequired. Ifatradeorinvestmentisfound
• CalltheCoachingHotline*foraffirmation.• Writeyourentriesandexitsinyourtradingjournal.• PlaceatradeinyourpaperMoneyaccount.• Checkexistingtradesandplacestop-losstriggers.• Readnewsonexistinginvestments.
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“ T h e w i l l T o w i n i S i M p o R Ta n T, b u T T h e w i l l T o p R e pa R e i S v i Ta l . ”~ J O E PA T E R N O
DAy 8 : W E DN E S DAy D aT e
EntertheInvestingFoundationVirtualCoachingforonehourminimum.Remember,youcanjoinVirtualCoachinganytimefrom9amto11pmEST,MondaythroughFriday.
MasterandPHDstudents,viewInvestorTalkat9pmEST,seepage62. check The MaRkeT anD evaluaTe youR poRTfolioSReviewthethumbnailchartsforstocksonyourwatchlist(s)anddetermineif
anyactionisrequired. Ifatradeorinvestmentisfound
•CalltheCoachingHotline*foraffirmation.Remember,youcanuse LiveChattocontactthecoaches.•Writeyourentriesandexitsinyourtradingjournal.•PlaceatradeinyourpaperMoneyaccount.•Checkexistingtradesandplacestop-losstriggers.•Readnewsonexistinginvestments.
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geT ReaDy foR The week aheaD anD evaluaTe youR poRTfolioS CreateanewwatchlistwithGlobalSearch. Reviewthethumbnailchartsforstocksonyourwatchlist(s)anddetermineif
anyactionisrequired. Ifatradeorinvestmentisfound
• CalltheCoachingHotline*foraffirmation. ThehotlineisopenMondaythroughFriday,9amto11pmEST.• Writeyourentriesandexitsinyourtradingjournal.• PlaceatradeinyourpaperMoneyaccount.Areyouontrackwith eightto10tradesthisweek?• Checkexistingtradesandstop-losstriggers.• Readnewsonexistinginvestments.
TheSpotlightswillhelpyoufindandunderstandthefunctionsofthe Investor Toolbox. ViewaCapstoneTradingRooms,iftimepermits.
SpenD TiMe cReaTing youR inveSTing plan
STepS Click on Education
Click on Coaching
Click on My Investment Plans
Click on Investools Foundation and choose Create a new plan
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* Master and PHD only * Master and PHD only
exit ruleS (monitoringactivities,technicalanalysis,ordertypes)
MONEYMANAGEMENT(traderisk,portfoliorisk)
ROUTINES
FIRSTREALMONEYTRADEUSINGTHEINVESTINGPLAN
tArGet dAte (format 00/00/0000)
DATECOMPLETED (format 00/00/0000)
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SAMPLEOFENTRYRULES
1. Uptrending stock with three green arrows2. Sideways moving stock with three green arrows and a volume surge3. Group rank of 70 or higher4. No overhead resistance
p l a n n a M e
DEFINITIONOFSUCCESS
waTch liST cRiTeRia (searches,fundamentals,industrygroups,marketconditions,routines)
enTRy RuleS (technicalanalysis,ordertypes)
28
30 31inveSToolS coaching hoTline | 1.800.465.1815 MonDay ThRough fRiDay, 9 aM To 11 pM eST inveSToolS coaching hoTline | 1.800.465.1815 MonDay ThRough fRiDay, 9 aM To 11 pM eST
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Lesson1.IntroductiontoOptions• Onlinecourse• Quizcompletiondate• TradingRooms
Lesson2.LongCallsandLongPuts• Onlinecourse• Quizcompletiondate• TradingRooms
Lesson3.SellingCoveredCalls• Onlinecourse• Quizcompletiondate • TradingRooms
Lesson4.LongStraddles• Onlinecourse• Quizcompletiondate:• TradingRooms
Lesson5.VerticalSpreads• Onlinecourse• Quizcompletiondate• TradingRooms
Lesson6.LongVerticals• Onlinecourse• Quizcompletiondate• TradingRooms
Lesson7.ShortVerticals• Onlinecourse• Quizcompletiondate• TradingRooms
Lesson8.ChoosingYourStrategy• Onlinecourse• Quizcompletiondate• TradingRooms
FinalExamTestScore %
CapstoneBasicOptionsTradingRooms. Viewminimumof10(circle#completed)
1 2 3 4 5 6 7 8 9 10
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e“The MeaSuRe of youR SucceSS uSually coMeS Down To who winS The baTTle ThaT
RageS beTween The Two of you. The ‘you’ who wanTS To Take iT eaSy anD The ‘you’
who chooSeS To beaT back whaT STanDS in The way of youR SucceSS – coMplacency.
whaTeveR iT TakeS, coMMiT coMpleTely To youR goalS anD SucceSS will follow."
~ z I G z I G L A R
8-STEPBASICOPTIONSMILESTONES DAy 1 1 : MONDAy D aT e
LESSON1-INTRODUCTIONTOOPTIONS CompletetheBasicOptionsOnlineCourseLesson1. check The MaRkeT anD evaluaTe youR poRTfolioS Reviewthethumbnailchartsforstocksonyourwatchlist(s)anddetermineif
anyactionisrequired. Ifatradeorinvestmentisfound
• CalltheCoachingHotline*foraffirmationthatyouarefollowingtheInvestoolsMethod. • Writeyourentriesandexitsinyourtradingjournal.• PlaceatradeinyourpaperMoneyaccount.Placeaminimumofeightto10 tradesagainthisweek.• Checkexistingtradesandplacestop-losstriggers.• Readnewsonexistingtrades.• Spendtimewithyourfamilythisweek.
n o T e S
* Master and PHD only * Master and PHD only
32 33inveSToolS coaching hoTline | 1.800.465.1815 MonDay ThRough fRiDay, 9 aM To 11 pM eST inveSToolS coaching hoTline | 1.800.465.1815 MonDay ThRough fRiDay, 9 aM To 11 pM eST
“ a j o u R n e y o f a T h o u S a n D M i l e S b e g i n S w i T h a S i n g l e S T e p. "~ L AO - T z U
DAy 1 3 : W E DN E S DAy D aT e
EnterBasicOptionsVirtualCoachingforonehourminimum.Remember,youcanjoin VirtualCoachinganytimefrom9amto11pmEST,MondaythroughFriday.
MasterandPHDstudents,viewInvestorTalkat9pmEST,seepage62.
check The MaRkeT anD evaluaTe youR poRTfolioS Reviewthethumbnailchartsforstocksonyourwatchlist(s)anddetermineif
anyactionisrequired. Ifatradeorinvestmentisfound
• CalltheCoachingHotline*foraffirmation.• Writeyourentriesandexitsinyourtradingjournal.• ExecuteatradeinyourpaperMoneyaccount.• Checkexistingtradesandplacestop-losstriggers.• Readnewsonexistinginvestments.
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LESSON2-LONGCALLSANDLONGPUTS CompleteLesson2oftheBasicOptionsOnlineCourse. ViewaCapstoneTradingRoomssessionfortheInvestingFoundationCourse,iftimepermits. check The MaRkeT anD evaluaTe youR poRTfolioS Reviewthethumbnailchartsforstocksonyourwatchlist(s)anddetermineif
anyactionisrequired.Ifatradeorinvestmentisfound
•CalltheCoachingHotline*foraffirmationthatyouarefollowingtheInvestoolsMethod.•Writeyourentriesandexitsinyourtradingjournal.• PlaceatradeinyourpaperMoneyaccount.•Checkexistingtradesandplacestop-losstriggers.•Readnewsonexistinginvestments.
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e“ f i R S T w e f o R M h a b i T S , T h e n T h e y f o R M u S . c o n q u e R y o u R b a D h a b i T S o R T h e y w i l l c o n q u e R y o u . "~ R OY G I L B E R T
* Master and PHD only * Master and PHD only
34 35inveSToolS coaching hoTline | 1.800.465.1815 MonDay ThRough fRiDay, 9 aM To 11 pM eST inveSToolS coaching hoTline | 1.800.465.1815 MonDay ThRough fRiDay, 9 aM To 11 pM eST
DAy 1 5 : F R I D Ay T O S UNDAy D aT e
ViewaBasicOptionsTradingRoomssession.
geT ReaDy foR The week aheaD anD evaluaTe youR poRTfolioS CreateanewwatchlistwithGlobalSearch. Reviewthethumbnailchartsforstocksonyourwatchlist(s)anddetermineif
anyactionisrequired. Ifatradeorinvestmentisfound
• CalltheCoachingHotline*foraffirmation.ThehotlineisopenMondaythroughFriday, 9amto11pmEST.• Writeyourentriesandexitsinyourtradingjournal.• PlaceatradeinyourpaperMoneyaccount.Areyouontrackwith eightto10tradesthisweek?• Checkexistingtradesandplacestop-losstriggers.• Readnewsaboutyourexistinginvestments.
SpendtimeonyourInvestingFoundationCourseTradingRoomsCapstonesession. ViewtutorialonProphetCharts®,seeReferencesection,page36.
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“ l e a R n f R o M T h e M i S Ta k e S o f o T h e R S – y o u c a n ’ T l i v e l o n g e n o u g h T o M a k e T h e M a l l y o u R S e l f. "~ M A R T I N VA N B E E
DAy 1 4 : T H U R S DAy D aT e
LESSON3-SELLINGCOVEREDCALLS CompleteLesson3oftheBasicOptionsOnlineCourse. ViewaBasicOptionsTradingRoomssession. check The MaRkeT anD evaluaTe youR poRTfolioS Reviewthethumbnailchartsforstocksonyourwatchlist(s)anddetermineif
anyactionisrequired. Ifatradeorinvestmentisfound
•CalltheCoachingHotline*foraffirmation.•Writeyourentriesandexitsinyourtradingjournal.• ExecuteatradeinyourpaperMoneyaccount.•Checkexistingtradesandplacestop-losstriggers.•Readnewsonexistinginvestments.
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e“ y o u ’ v e g o T T o g e T u p e v e R y M o R n i n g w i T h D e T e R M i n aT i o n i f y o u ’ R e g o i n g T o g o T o b e D w i T h S aT i S f a c T i o n . "~ G E O RG E H O R ACE L O R I M E R
* Master and PHD only * Master and PHD only
36 37inveSToolS coaching hoTline | 1.800.465.1815 MonDay ThRough fRiDay, 9 aM To 11 pM eST inveSToolS coaching hoTline | 1.800.465.1815 MonDay ThRough fRiDay, 9 aM To 11 pM eST
“ y o u h a v e T o M e e T a l l o f l i f e ’ S c h a l l e n g e S , b i g a n D S M a l l , n o w. b e c a u S e h o w y o u S Ta R T i S h o w y o u f i n i S h . "~ B E R N I E M AC
DAy 1 6 : MONDAy D aT e
LESSON4-LONGSTRADDLES CompleteLesson4oftheBasicOptionsOnlineCourse.
check The MaRkeT anD evaluaTe youR poRTfolioS Reviewthethumbnailchartsforstocksonyourwatchlist(s)anddetermineif
anyactionisrequired. Ifatradeorinvestmentisfound
• CalltheCoachingHotline*foraffirmation.Thehotlineisopen MondaythroughFriday,9amto11pmEST.• Writeyourentriesandexitsinyourtradingjournal.• ExecuteatradeinyourpaperMoneyaccount.Placeeightto10tradesagainthisweek.• Checkexistingtradesandstop-losstriggers.• Readnewsonexistinginvestments.• Spendtimewithyourfamilythisweek.
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TolearnhowtouseProphetChartssoftware,followthesesteps:
STepS Click on the Education tab
Click on Tutorials
Click on Unleashing ProphetCharts on the bottom-left corner of your screenDaily
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* Master and PHD only * Master and PHD only
38 39inveSToolS coaching hoTline | 1.800.465.1815 MonDay ThRough fRiDay, 9 aM To 11 pM eST inveSToolS coaching hoTline | 1.800.465.1815 MonDay ThRough fRiDay, 9 aM To 11 pM eST
“ RU L E NUMB E R 1 : N E v E R L O S E MONEy.R U L E NUMB E R 2 : N E v E R F O RG E T R U L E NUMB E R 1 . "~ WA R R E N B U F F E T T
DAy 1 8 : W E DN E S DAy D aT e
EnterBasicOptionsVirtualCoachingforonehourminimum.Remember,youcan joinVirtualCoachinganytimefrom9amto11pmEST,MondaythroughFriday.
MasterandPHDstudents,viewInvestorTalkat9pmEST.
check The MaRkeT anD evaluaTe youR poRTfolioS Reviewthethumbnailchartsforstocksonyourwatchlist(s)anddetermineif
anyactionisrequired. Ifatradeorinvestmentisfound
• CalltheCoachingHotline*foraffirmation.• Writeyourentriesandexitsinyourtradingjournal.• PlaceatradeinyourpaperMoneyaccount.• Checkexistingtradesandplacestop-losstriggers.• Readnewsonexistinginvestments.
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“ e v e R y T h i n g c o M e S T o o l aT e f o R T h o S e w h o o n ly w a i T. ”~ E L B E R T H U B B A R D
DAy 1 7 : T U E S DAy D aT e
LESSON5-VERTICALSPREADS CompleteLesson5oftheBasicOptionsOnlineCourse. ViewaBasicOptionsTradingRoomssessionofyourchoice. check The MaRkeT anD evaluaTe youR poRTfolioS Reviewthethumbnailchartsforstocksonyourwatchlist(s)anddetermineif
anyactionisrequired. Ifatradeorinvestmentisfound
•CalltheCoachingHotline*foraffirmationthatyouarefollowingtheInvestoolsMethod.•Writeyourentriesandexitsinyourtradingjournal.•PlaceatradeinyourpaperMoneyaccount.•Checkexistingtradesandplacestop-losstriggers.•Readnewsonexistinginvestments.
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* Master and PHD only * Master and PHD only
40 41inveSToolS coaching hoTline | 1.800.465.1815 MonDay ThRough fRiDay, 9 aM To 11 pM eST inveSToolS coaching hoTline | 1.800.465.1815 MonDay ThRough fRiDay, 9 aM To 11 pM eST
DAy 2 0 : F R I D Ay T O S UNDAy D aT e
ViewaBasicOptionsTradingRoomssession. SpendtimeontheSpotlightsessions.
geT ReaDy foR The week aheaD anD evaluaTe youR poRTfolioS CreateanewwatchlistwithGlobalSearch. Reviewthethumbnailchartsforstocksonyourwatchlist(s)anddetermineif
anyactionisrequired. Ifatradeorinvestmentisfound
• CalltheCoachingHotline*foraffirmation.Thehotlineisopen MondaythroughFriday,9amto11pmEST.• Writeyourentriesandexitsinyourtradingjournal.• PlaceatradeinyourpaperMoneyaccount. Areyouontrackwitheightto10tradesthisweek?• Checkexistingtradesandplacestop-losstriggers.• Readnewsonexistinginvestments.
SpendtimeontheInvestingFoundationTradingRoomsCapstonesessionforyour InvestingFoundationCourse.
WatchtutorialonBasicCoveredCalls,seeReferencesection,page42.
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“ i f y o u c a n D R e a M i T, y o u c a n D o i T. ”~ WA L T D I S N E Y
DAy 1 9 : T H U R S DAy D aT e
LESSON6-LONGVERTICALS CompleteLesson6oftheBasicOptionsOnlineCourse. check The MaRkeT anD evaluaTe youR poRTfolioSReviewthethumbnailchartsforstocksonyourwatchlist(s)anddetermineif
anyactionisrequired.Ifatradeorinvestmentisfound
•CalltheCoachingHotline*foraffirmation.•Writeyourentriesandexitsinyourtradingjournal.•PlaceatradeinyourpaperMoneyaccount.•Checkexistingtradesandplacestop-losstriggers.•Readnewsonexistinginvestments.
n o T e S
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e“ S o M e p e o p l e R e g a R D D i S c i p l i n e a S a c h o R e . f o R M e , i T i S a k i n D o R o R D e R T h aT S e T S M e f R e e T o f ly. "~ J U L I E A N D R E W S
* Master and PHD only * Master and PHD only
42 43inveSToolS coaching hoTline | 1.800.465.1815 MonDay ThRough fRiDay, 9 aM To 11 pM eST inveSToolS coaching hoTline | 1.800.465.1815 MonDay ThRough fRiDay, 9 aM To 11 pM eST
“ n e v e R , n e v e R , n e v e R , n e v e R g i v e u p. "~ W I N S TO N CH U R CH I L L
DAy 2 1 : MONDAy D aT e
LESSON7-SHORTVERTICALS CompleteLesson7oftheBasicOptionsOnlineCourse.
check The MaRkeT anD evaluaTe youR poRTfolioS Reviewthethumbnailchartsforstocksonyourwatchlist(s)anddetermineif
anyactionisrequired. Ifatradeorinvestmentisfound
• CalltheCoachingHotline*foraffirmationthatyouarefollowingtheInvestoolsMethod.• Writeyourentriesandexitsinyourtradingjournal.• PlaceatradeinyourpaperMoneyaccount.Placeeightto10tradesagainthisweek.• Checkexistingtradesandstop-losstriggers.• Readnewsonexistinginvestments.
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Toviewthetutorial,followthesesteps:
STepS Click on the Education tab
Click on Tutorials
Click on Basic Covered CallsDaily
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* Master and PHD only * Master and PHD only
44 45inveSToolS coaching hoTline | 1.800.465.1815 MonDay ThRough fRiDay, 9 aM To 11 pM eST inveSToolS coaching hoTline | 1.800.465.1815 MonDay ThRough fRiDay, 9 aM To 11 pM eST
“ S u c c e S S g e n e R a l ly D e p e n D S o n k n o w i n g h o w l o n g i T Ta k e S T o S u c c e e D "~ J O S E P H R O S S
DAy 2 3 : W E DN E S DAy D aT e
EnterBasicOptionsVirtualCoachingforonehourminimum.Remember,youcanjoinVirtualCoachinganytimefrom9amto11pmEST,MondaythroughFriday.
MasterandPHDstudents,viewInvestorTalkat9pmEST.
check The MaRkeT anD evaluaTe youR poRTfolioS CreateanewwatchlistfromGlobalSearch. Reviewthethumbnailchartsforstocksonyourwatchlist(s)anddetermineif
anyactionisrequired. Ifatradeorinvestmentisfound
• CalltheCoachingHotline*foraffirmation.• Writeyourentriesandexitsinyourtradingjournal.• PlaceatradeinyourpaperMoneyaccount.• Checkexistingtradesandplacestop-losstriggers.• Readnewsonexistinginvestments.
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“ T h e n i c e S T T h i n g a b o u T n o T p l a n n i n g i S T h aT f a i l u R e c o M e S a S a c o M p l e T e S u R p R i S e , R aT h e R T h a n b e i n g p R e c e D e D b y a p e R i o D o f w o R R y a n D D e p R e S S i o n . ”~ S I R J O H N H A R V E Y - J O N E S
DAy 2 2 : T U E S DAy D aT e
LESSON8-CHOOSINGYOURSTRATEGY CompleteLesson8oftheBasicOptionsOnlineCourse. ViewaBasicOptionsTradingRoomssession.
check The MaRkeT anD evaluaTe youR poRTfolioS Reviewthethumbnailchartsforstocksonyourwatchlist(s)anddetermineif
anyactionisrequired.Ifatradeorinvestmentisfound
•CalltheCoachingHotline*foraffirmationthatyouarefollowing theInvestoolsMethod.•Writeyourentriesandexitsinyourtradingjournal.•PlaceatradeinyourpaperMoneyaccount.•Checkexistingtradesandplacestop-losstriggers.•Readnewsonexistinginvestments.
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* Master and PHD only * Master and PHD only
46 47inveSToolS coaching hoTline | 1.800.465.1815 MonDay ThRough fRiDay, 9 aM To 11 pM eST inveSToolS coaching hoTline | 1.800.465.1815 MonDay ThRough fRiDay, 9 aM To 11 pM eST
DAy 2 5 : F R I D Ay T O S UNDAy D aT e
ViewaBasicOptionsTradingRoomsCapstonesession.
geT ReaDy foR The week aheaD anD evaluaTe youR poRTfolioS CreateanewwatchlistwithGlobalSearch. Reviewthethumbnailchartsforstocksonyourwatchlist(s)anddetermineif
anyactionisrequired. Ifatradeorinvestmentisfound
• CalltheCoachingHotline*foraffirmation.Thehotlineisopen MondaythroughFriday,9amto11pmEST.• Writeyourentriesandexitsinyourtradingjournal.• PlaceatradeinyourpaperMoneyaccount. Areyouontrackwitheightto10tradesthisweek?• Checkexistingtradesandstop-losstriggers.• Readnewsonexistinginvestments.
SpendtimeontheInvestingFoundationCourseTradingRoomsCapstonesession. RegisterforyourInteractive:Stocks&OptionsOnlineClass,seepage50.
Now that you have added a new language to your repertoire, let’s share and exchange with other students.
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“ i n a c T i o n b R e e D S D o u b T a n D f e a R . a c T i o n b R e e D S c o n f i D e n c e a n D c o u R a g e . i f y o u w a n T T o c o n q u e R f e a R , D o n o T S i T h o M e a n D T h i n k a b o u T i T. g o o u T a n D g e T b u S y. ”~ D A L E C A R N E G I E
DAy 2 4 : T H U R S DAy D aT e
CompletetheBasicOptionsOnlineCourseandreviewalessonofyourchoice. ViewaBasicOptionsTradingRoomssession.
check The MaRkeT anD evaluaTe youR poRTfolioSReviewthethumbnailchartsforstocksonyourwatchlist(s)anddetermineif
anyactionisrequired. Ifatradeorinvestmentisfound
•CalltheCoachingHotline*foraffirmation.•Writeyourentriesandexitsinyourtradingjournal.•PlaceatradeinyourpaperMoneyaccount.•Checkexistingtradesandplacestop-losstriggers.•Readnewsonexistinginvestments.
You should now be preparing to trade real money. Start small and remember to call the hotline*.
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e“b iRDS of a feaTheR flock TogeTheR. The R ich aSSociaTe wiTh SucceSSful people ; The pooR ofTen aSSociaTe wiTh unSucceSSful people . eneRgy iS conTagiouS. i f you wanT To fly wiTh The eagleS , you’ll have To STop SwiMMing wiTh The DuckS"~ T. HARV Ek ER
* Master and PHD only * Master and PHD only
inveSToolS coaching hoTline | 1.800.465.1815 MonDay ThRough fRiDay, 9 aM To 11 pM eST48 inveSToolS coaching hoTline | 1.800.465.1815 MonDay ThRough fRiDay, 9 aM To 11 pM eST 49
HowtoStartaUserGroup
Iftherearenousergroupsinyourareaandyouwouldliketostartone,here’show.PHDstudentscancreateausergroupbydoingthefollowing:
1. Sign in to Investools Online.2. Click on User Groups under the Community tab.3. Click on the link to start a new group.4. Read the User Group Policies and Expectations and the Code of Conduct that is listed on the Community section of the Web site and send an e-mail to [email protected], indicating that you agree to the terms.
Afteryoufollowthesesteps,amemberoftheusergroupstaffwillcontactyouwithmoreinformationonstartingyourgroup.
IfyouarenotaPHDstudent,[email protected] andamemberoftheusergroupstaffwillcontactyouabouthowtogetstarted.
how to find other Students by location or Similar interests
1. While signed in to the Web site, click on the Community tab and create your profile.2. Click on the Find Friends link in the submenu.3. Fill in the blanks as exactly or generally as you wish and click Find Friends at the bottom of the screen.4. Check the box under the friend(s) you’d like to add, and click Confirm.5. Write any message you would like and click Send. This will send your message, as well as a request to be added to their friends’ lists.6. To manage your friends or pending requests, click My Friends on the right of the screen.
COMMUNITYTAB-USERGROUPS
WhatIsaUserGroup?
Ausergroupisagatheringoflike-mindedindividualswhoexchangeideasandthoughtsforthepurposeofsupportandmotivation.Itisnotasubstitutionforyourcoachoreducation,butasupplementtoit.Differentgroupshavedifferentobjectivesandprotocols,asdirectedbytheirgroupleaders.Mosthavesometypeofscheduledweeklyormonthlymeetingsandaforumwherememberscanpostmessagesandexchangeideas.
HowtoFindaUserGroup
STepS Click on the Community tab in the Investor Toolbox®
Click on User Groups, select your state and then click on Search. The leader’s name and
contact information is listed in the search results
inveSToolS coaching hoTline | 1.800.465.1815 MonDay ThRough fRiDay, 9 aM To 11 pM eST50 inveSToolS coaching hoTline | 1.800.465.1815 MonDay ThRough fRiDay, 9 aM To 11 pM eST 51
HOWDOIGETINTOUCHWITHACOACH?*
HoursofOperation|Monday-Fridayfrom9am-11pmEST
phone number | 1.800.465.1815(Dialyourteam'sfour-digitextensionifyouknowit)
FourConvenientWaystoGetHelpfromaCoach* • CallUs:Getpersonalattentionbytalkingtoacoachdirectly.Remember,thereisnolimit tohowoftenyoucallinadayorweek.Studentswhowanttospeeduptheirlearning processunderstandthatcallingusiscritical. • Watch,ListenandChatwithUs:ThroughVirtualCoachingyoucanwatch,listenand chatallatthesametime.WatchcoachesanalyzetradesthroughourliveonlineVirtual Coaching,available14hoursaday.Justdropinwhenyouwanttolearnbylisteningto questionsaskedbyotherstudents.Orsendinyourowntradequestionandwatchthe coachgotowork. • ChatwithUs:Prefertocorrespondinwriting?Sendusyourquestionsthrough LiveChatandgetaliveresponse*. • E-mailUs:Ifyouareunabletotalklivewithacoach,sendusane-mailsowecan answeryourquestions*.
IntroTalkwithaMemberofyourCoachingTeam*
Duringthisfirstcall,aCoachingTeammemberwillhelpyoustartyourjourneyontherightpath.Together,youandyourcoachwillestablishaplanforyoureducationandidentifywhatresourcesyouneedtocompleteyourCoachingMilestonesandInvestingPlan.Thecallwilltakeupto30minutes.Wewillestablishaplanforhowfuturecallswilltakeplaceandsetgoalsforyoureducation.
RegisterforyourInteractive:Stocks&OptionsClass
YoushouldberegisteredfortheInteractive:Stocks&OptionsClassaftercompletingandunderstandingtheInvestingFoundationCourseandBasicOptionsCourse.Youneedtoapplywhatyouhavelearned.Wearelookingatathree-tosix-monthtimeframefromwhenyoustartedyourprogram. Beforetheclass,pleasemakearrangementsfortheseitems: • CallCustomerServiceat1.800.204.7143toenrollintheInteractive: Stocks&OptionsClass. • Afteryoureceiveawelcomeletter,continuetofollowthesteps. • Takethepretestbeforeyourclassbegins.Thiswillensurethatyouareready forthematerialcoveredinyourclass. • CompletetheInvestingFoundationandBasicOptionsOnlineCoursesbeforestartingyour onlineInteractivesessions.
Prepare…prepare…prepare…beagoodstudent! Coac
hing
Letthecoacheshelpyoubecomeaconsistentandstructuredinvestor.Wearecommittedtohelpingyouaccomplishyourgoals.
* Master and PHD only
inveSToolS coaching hoTline | 1.800.465.1815 MonDay ThRough fRiDay, 9 aM To 11 pM eST52 inveSToolS coaching hoTline | 1.800.465.1815 MonDay ThRough fRiDay, 9 aM To 11 pM eST 53
HowtoGetReadyforyourFirstCoachingCall*
ThefollowingpageswillhelpyoudefineyourgoalsforyourInvestorEducation.Complete theactivitiesandquizzesbeforecallingyourCoachingTeamforthefirsttime.
GETTINGTOkNOWYOURSELF
Investinginthestockmarketinvolvesbothriskandrewards.Successfulinvestorsunderstandthis,aswellastheirpersonaltoleranceforrisk.Onceyouunderstandyourtoleranceforrisk,youcanbuildaninvestmentplanthatisreliable,automaticandrepeatable,allowingyoutobelessdependentonyouremotions.Understandingyourrisklevelswillhelpreduceyourstress,makinginvestingmoreprofitableandenjoyable.
WhatDoyouKnowAboutEmotionsandInvesting?Tofindout,takethisshortquiz.
True False Emotionsareoftenaninvestor’sbiggestenemy. True False Youmusthaveanextremelyhightoleranceforrisktodowellinthemarket. True False Oneofthebiggestmistakespeoplemakeisthattheydon’tadoptstrategies thatfittheirpersonalities.
Don’t do things with your money that you don’t understand. When it comes to investing, developing your knowledge and experience is one of the surest ways to maximize success.
activityTakeapersonalinventoryasitrelatestobeinganinvestor.Listyourstrengthsandweaknesses.Tobetterunderstandyourinvestingweaknessesandstrengths,askyourselfthefollowingquestions:
• HowdoIreacttobadnewsregardingthemarketorstockIown? • DoIoftengetbuyer’sremorsewhenImakeasignificantstockpurchase? • AmIlookingatthestockmarketasawaytogetrichquick? • WhenIreacttoatensesituation,doItendtorelyonlogicormyfeelings? • AmIquicktomakedecisionsordoIcarefullythinkthingsthrough? • DoIproceedwithcaution,takingcalculatedrisks? • AmIano-holds-barredpersonwholikestogoforit? • HowwelldoIunderstandtherisks? • AmIpreparedtodealwiththeconsequencesofinvesting,forgoodorbad?
ListyourInvestingStrengthsandWeaknesses
STRENGTHS WEAKNESSES
Howcanyouchangeyourinvestingweaknessesintoinvestingstrengths?
Whataresomespecificwaysyoucanleverageyourinvestingstrengthstoreachyourgoals?
RankyourLevelofRiskFirst,rankwhatyouthinkyourrisklevelis.Then,withoutdivulgingyouranswers,asksomeonewhoknowsyouwell,suchasaspouse,partner,closeassociateorfriendtorankyourrisklevel.
Your opinion of yourself (Circle one)12345678910Conservative-----------------------RiskTaker
Someone else’s opinion of you (Circle one)12345678910Conservative-----------------------RiskTaker
inveSToolS coaching hoTline | 1.800.465.1815 MonDay ThRough fRiDay, 9 aM To 11 pM eST54 inveSToolS coaching hoTline | 1.800.465.1815 MonDay ThRough fRiDay, 9 aM To 11 pM eST 55
Ittakestimeandexperiencetogaugeyourrisktolerance.Overtime,youwillbegintocreateanidentityasaninvestorthatwilldriveyouruniquetradingstyle.Whetheryouconsideryourselfanoviceinvestororaveteran,it’simportantyoudevelopaninvestingstrategythatbalancesyourgoalswithyourtoleranceforrisk.We’llbegindevelopingyourinvestingstrategyinamoment.First,youmustclearlyidentifywhyyouwanttobeinthemarket.
DEVELOPING"MYINVESTINGMISSIONSTATEMENT"
Tobeconsistentandsuccessfuloverthelongterm,youmustcreateapersonalinvestingmissionstatement.Itwillhelpyousetshort-termandlong-terminvestmentgoals. activityThefollowingthree-stepprocesswillhelpyouformulateaninvestingmissionstatement.
1. What do you value most?Makealistofthetopfivethingsonwhichyouplacethehighestvalueinyourlife.Yourlistmayincludefamily,financialsecurity,health,freetime,homeownership,financialfreedom,retirement,knowledgeandsoon.
1
2
3
4
5
2. Why do you invest in the stock market?Theremaybemanyreasonswhyyouinvestinthemarket.Inthespaceprovided,summarizetheprimaryreasonyouinvest.Ifthemainreasonyouinvestinthemarketistomakemoney,askyourselfwhy.Perhapsyouwanttoretirefinanciallysecure,buildyourpersonalwealth,createaninheritancethatcanbepassedontoyourheirs,improveyourcurrentlifestyleandsoon.Ifso,incorporateyourreasonintoyourresponse.
Step 3. When do you want to achieve success?Doyouhaveashort-termorlong-termtimehorizon? Short term Long term
Step 4. Can you measure your success? Yes NoIfso,howwillyoumeasureit?Beasspecificaspossible.Forexample,doyouwanttobuyandholdstockstodevelopwealthoverthelongterm?Ordoyouwanttobecomeanactiveinvestor?Consideryourtoleranceforriskandbalanceitwithyourdesiretobeaninvestor.
Creating an investing mission statement is, without question, one of the most powerful and significant things you can do to increase your success in the long term and bring focus to your investing.
Remember that you are the one who has to live with your investment decisions. No one knows you better than you know yourself; so while it’s useful to find out what others think, when it comes to personal risk, your opinion is the most important.
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Example:Yourinvestingmissionstatementmaygosomethinglikethis:To find financial security, quality time with my family and personal satisfaction, I will
• Invest time to learn how to use the tools and techniques that will increase my chances of success now and in the future. • Take responsibility for my financial future and plan now for early retirement. • Follow an investment strategy that balances my risk tolerance with my desire for reward. • Realize that success is a process, not an event. • Balance my investments to avoid having any one loss significantly affect my portfolio. • Pay myself first by saving.
My Mission Statement
CombineyourresponseswithSteps1–4tocreateyourowninvestingmissionstatement.
In order to…
I will…..
By doing….
I will accomplish this by (date)__________
ENGAGEYOURSUPPORTTEAM
AsanInvestoolsstudent,ateamofworld-classinstructors,coachesandeducationcounselorsiscommittedtoyoursuccess.Ensurethatyoutakefulladvantageofthem.Withinfourworkingdaysoftheworkshop,youshouldmakecontactwithyoursupportteamandCoachingTeam.OneoftheeasiestwaystoobtainsupportisthroughtheLive ChatbuttonlocatedoneverypageofInvestoolsOnline.
STepS Click on the Live Chat button in the top-right corner of the home page
Type in your name
When using Live Chat, select from this drop-down menu
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Selectionofdrop-downchoicesforLiveChat
Ihaveaquestionaboutneweducationproducts:Toenrollinspecificcoachingprograms
Ihaveaquestionaboutmycurrentonlineeducation:ToobtainsupportfromyourCoachingTeam*forallAssociate,MasterandPHDstudents
IhaveaquestionaboutrenewingtheWebsite:TorenewyourWebsitesubscription.Pleasenotethattoensureuninterruptedserviceofanysubscription-basedproduct,youwillbeproactivelycontactedwithinfiveweeksofexpirationtogiveyoutheopportunitytorenew
IhaveaquestionforStudentServices:Ifyouhavequestionsaboutyouraccount,ordersorotherissuesrelatingtoyouraccount
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Iwouldliketoattendaworkshop:Registerforaliveworkshop
IneedsomehelpwiththeWebsite:ToresolveanyWebsite-relatedissues
Ihaveaquestionthatisnotlistedhere:Ifyouhaveaquestionaboutyouraccount,ordersorotherissuesrelatingtoyouraccount
Remember the faq page
Foranswerstofrequentlyaskedquestions,checktheFAQsonInvestoolsOnline.
STepS Click"Help"
Click on the FAQ file of your choice
* Master and PHD only
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SAMPLEQUESTIONSTOASkYOURCOACH
Askusanythingpertainingtotheproductsorstrategies.
• There is so much information. Where should I start?• Can you help me practice placing an order with a stop loss? • I am not sure what exit rules to use. What suggestions can you offer for my trading plan?• In a covered call, what strike price should I consider if receiving income is more important to me than the growth of the stock?• In what situations would it be better for me to use a directional options trade rather than a neutral spread trade?• What is a put option?• I am stuck! Can you help me? There is so much information. Where should I start?• I’mlookingatthisstock.Isthisthecorrectentrysignal?• I’mseeingresistanceat$_____.WhatshouldIconsiderformyexitstrategy?• Whatwouldmyprofitbe?$_____.• Withthisportfoliosize,I’mthinkingtobuyXYZnumberofshares.Isthatthecorrectratio?• Iseesupportat$_____price,soI’mthinkingofplacingmystoplossat$_____. Is that the correct level?• AmIfollowingtheInvestoolsMethodcorrectly?• Ismyportfoliodiversified?• Howdotherulesapplytothistrade?• WhathaveIleftout?• DoIhavethecorrectstrikeprice?• DoIhavetherightmonthforthemoveI’mlookingfor?• HaveIdeterminedthecorrectexitstrategy?• HaveIproperlyrevieweddelta,theta,volatility,openinterestandtheoreticalprice?• HaveIproperlydeterminedsupportandresistance?
REFERENCE
locate the online course
LocateSpotlights
Refe
renc
e
STepS Click on Education
Click on Courses
Click on Investing Foundation Course
STepS Click on Investools Spotlights
(bottom right of the home page)
Click on Archives tab
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locate Trading Rooms
ThefirsttimeyouaccessaTradingRoomorInvestorTalk,youwillbepromptedtoinstallWebExsoftware,whichwillallowyoutoviewthepresentation.Makesuretoallowpop-ups.
If you cannot complete these steps, call Technical Support at 1.800.204.7143.LocateInvestorTalk*
ThefirsttimeyouaccessaTradingRoomorInvestorTalk,youwillbepromptedtoinstallWebExsoftware,whichwillallowyoutoviewthepresentation.Makesuretoallowpop-ups.
If you cannot complete these steps, call Technical Support at 1.800.204.7143.
STepS Click on Education
Click on Trading Rooms
Click on Investing Foundation
STepS Click on Education
Click on Investor Talk
Click on Investor Talk in left submenu
* Master and PHD students only
find virtual coaching
FindyourNextLiveWorkshop*
RegisterOnline*
STepS Click on My Account
Click on My Subsription
Scroll down to see Workshop Certificates
STepS Click on Education
Click on Coaching
Enter Virtual Coaching for Stocks and Basic Options
STepS Click on Education
Click on Workshops
Click on Live Workshop
* Master and PHD students only
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Setting goals and identifying your objectives
Goingfromwhereyouaretowhereyouwanttobe—requiresaplan.
Webelieveitisimportanttosetandwriteoutspecificgoalsandobjectives.YoumayhavecompletedaDesigningYourFutureFormintheworkshop.Gobackandfilloutanewoneagain(wehaveincludedablankformonpages68-69).ThiswillassistyouintalkingtoyourCoachingTeamtotailoraneducationplanspecificallyforyouthatwillputyouonapathtowardachievingyourgoals.Remembertocreatereasonableobjectives,givenwhereyouaretodayandtakingintoaccountexistingcommitments.AsampleEducationPlanisalsoincludedinthisHandbook.Thecoacheswillhelpyouspecifydatesforeachmilestoneandkeepyouaccountableforcompletingthe plan.
Remember to create reasonable objectives, given where you are today and taking into account existing commitments.
Goa
ls“ a n av e R a g e p e R S o n w i T h av e R a g e Ta l e n T S a n D a M b i T i o n a n D av e R a g e e D u c aT i o n c a n o u T S T R i p T h e M o S T b R i l l i a n T g e n i u S i n o u R S o c i e T y, i f T h aT p e R S o n h a S a c l e a R , f o c u S e D g o a l . "~ M A R Y k AY A S H
SETTINGMYGOALS
Thesemustbewritten,realisticandbasedonastrategy.Inotherwords,youcan’tjusttalkaboutwhatyouwanttodo(e.g.,Iwanttomakemoney).Tomakeyourmissionstatementareality,definehowmuchmoneyyouintendtomake,howlongyouthinkitwilltaketomakeit,andwhatstrategiesandguidelinesyouwillfollowtodoso.Theseareyourgoals.
Bespecificwhenyouwritedownyourgoals.Forinstance,askyourself,“Basedonmycurrentresources,ismygoalrealistic?”Ifyourgoalisrealistic,thenextstepistodevelopastrategythatwillhelpyouattainthatgoal.Thestrategyyouusewilldefinehowyou’llemployyourresourcestoaccomplishyourgoal.
activitySetthreeshort-termorintermediategoalsandonelong-termgoalyouwillachieveasyou completetheInvestingFoundationCourse.Followthegoal-settingprocessoutlinedbelow.
Step1:ListyourgoalsBeginbyaskingyourself,“WhatdoIwanttoaccomplishduringmyInvestoolseducation?” Again,beasspecificasyoucanwhensettingyourgoalsandkeepthemrealistic.
Goal Examples:• Successfullycompleteandgraduatefromthisprogramwithaworkingknowledge ofthetoolsandtechniquesIcanuseforalifetimeofinvesting.• Buildaninvestmentportfoliooffivestocksthatareconsistentwithmyrisks, personal asset allocation and desired rate of return.• Buildmyownsetofpersonaltradingrulesthatareinharmonywithmyinvesting mission statement.
Step2:DefineyourstrategyNext,developastrategytohelpyoureacheachgoal.Ifyourgoalis,“Iwillsuccessfullygraduatefromthiscoursewithaworkingknowledgeofhowtolocate,analyzeandbuystock,”yourstrategymightbe,“Iwillcompletethishandbookwithinthefive-weektimeframe.”
yield
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Listfourgoalsandthestrategyyou’llusetoachieveeach. Goal1:
Strategy:
Goal2:
Strategy:
Goal3:
Strategy:
Goal4:
Strategy:
Takethisquiztodiscoveryourinvestingpersonality.
Haveyoutradedemotionallyinthepast? Yes No
Haveyoutakenunreasonablerisksinthestockmarket? Yes No
Haveyoutradedstocktipsfromyourcoworkersorneighbors? Yes No
Areyoulookingatthestockmarkettogetrichquick? Yes No
Areyougoodatfollowingrules? Yes No
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n o T e S
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68 69
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PERSONAL
First/Last Name Age Occup.
Spouse/Family Member Age Occup.
Ages of your Children
OBJECTIVES | CHALLENGES
If I had more free time, I would
What is your burning desire? What are your goals? What do you want in life and why you are doing this? Be specific:
What are the greatest obstacles to attaining your financial goals? (What’s been holding you back from the success you desire?)
FINANCIAL OBJECTIVES
How much money do you need monthly to be financially independent? $ (Total monthly expenses?)
Total current assets (combine if married) 401(k) $ IRA’s $ Brokerage $ Checking-Savings-CDs $ Real Estate and/or Business Equity $ Inheritance $
Where are you in relationship to your financial goals? (please check one below)
( ) I feel I am ahead in life financially ( ) I feel I am really behind financially ( ) I feel I am where I thought I would be financially ( ) I feel I am somewhat behind in life financially Based on your current assets, personal goals and time remaining to reach your goals, what kind of account growth and strategies do you need? (check all that apply)
( ) Preservation-under 5% ( ) Moderate Growth 5-15% ( ) Accelerated Growth 15%+ ( ) Income Strategies
COMMITMENT
How much time are you willing to dedicate each week to change your financial future? Less than ( ) 2 hrs ( ) 3hrs ( ) 4-6hrs ( ) 7-8hrs ( ) 9-12hrs ( ) 13-15hrs ( ) 16 + hrs
Will you continue with your occupation after you are financially independent? Y N
Name two things that you are willing to give up or sacrifice on your way to financial independence
1. 2.
Note: If you are here, you will have to make drastic changes to overcome future financial challenges!
DESIGNING YOUR FINANCIAL FUTURE U.S.
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Note: If you are here, you will have to make drastic changes to overcome future financial challenges!
DESIGNING YOUR FINANCIAL FUTURE CANADA
PERSONAL
First/Last Name Age Occup.
Spouse/Family Member Age Occup.
Ages of your Children
OBJECTIVES | CHALLENGES
If I had more free time, I would
What is your burning desire? What are your goals? What do you want in life and why you are doing this? Be specific:
What are the greatest obstacles to your attaining your financial goals? ( What’s been holding you back from the success you desire?)
FINANCIAL OBJECTIVES
How much money do you need monthly to be financially independent? $ (Total monthly expenses?)
Total current assets (combine if married) RRSP $ Brokerage $ Checking-Savings-CDs $ Real Estate and/or Business Equity $ Inheritance $
Where are you in relationship to your financial goals. (please check one below)
( ) I feel I am ahead in life financially ( ) I feel I am really behind financially ( ) I feel I am where I thought I would be financially ( ) I feel I am somewhat behind in life financially Based on your current assets, personal goals, and time remaining to reach your goals what kind of account growth and strategies do you need? (check all that apply)
( ) Preservation-under 5% ( ) Moderate Growth-5-15% ( ) Accelerated Growth-15%+ ( ) Income Strategies
COMMITMENT
How much time are you willing to dedicate each week to change your financial future? Less than ( ) 2 hrs ( ) 3hrs ( ) 4-6hrs ( ) 7-8hrs ( ) 9-12hrs ( ) 13-15hrs ( ) 16 + hrs
Will you continue with your occupation after you are financially independent? Y N
Name two things that you are willing to give up or sacrifice on your way to financial independence
1. 2.
72 inveSToolS coaching hoTline | 1.800.465.1815 MonDay ThRough fRiDay, 9 aM To 11 pM eST
checkliST foR STockS DaTe_______
Symbol:_______MarketForecastDOW: Bullish_______Bearish_______Neutral_______ MarketForecastNASDAQ: Bullish_______Bearish_______Neutral_______ MarketForecastS&P500: Bullish_______Bearish_______Neutral_______phase 2 Scores F/EScore_______ price pattern_______ Volatility_______
EntryProfile Trend: up DOWN SideWAYS IndustryGroup: up DOWN SideWAYS Group rank_______ 30-dayMovingAverage up DOWN SideWAYS MACD1Year Green red Stochastic Green Ghost Green red Ghost red Volume150%ofAverage: Yes No Acc/Dist.Current:_______ Green Neutral red DatePurchased:_______ PricePaid:$_______ NumberofShares:#_______ TargetPrice:$_______ ResistancePrice(ceiling) $_______ EntryStopLoss:$_______ SupportPrice(floor)$_______
Didyoubuythisstockforthe longer term or shorterterm?
queSTionS foR coach/coMMenTS/TRaDe RaTionale (Whyareyoudoingthistrade?)
73
74 inveSToolS coaching hoTline | 1.800.465.1815 MonDay ThRough fRiDay, 9 aM To 11 pM eST
checkliST foR STockS DaTe_______
Symbol:_______MarketForecastDOW: Bullish_______Bearish_______Neutral_______ MarketForecastNASDAQ: Bullish_______Bearish_______Neutral_______ MarketForecastS&P500: Bullish_______Bearish_______Neutral_______phase 2 Scores F/EScore_______ price pattern_______ Volatility_______
EntryProfile Trend: up DOWN SideWAYS IndustryGroup: up DOWN SideWAYS Group rank_______ 30-dayMovingAverage up DOWN SideWAYS MACD1Year Green red Stochastic Green Ghost Green red Ghost red Volume150%ofAverage: Yes No Acc/Dist.Current:_______ Green Neutral red DatePurchased:_______ PricePaid:$_______ NumberofShares:#_______ TargetPrice:$_______ ResistancePrice(ceiling) $_______ EntryStopLoss:$_______ SupportPrice(floor)$_______
Didyoubuythisstockforthe longer term or shorterterm?
queSTionS foR coach/coMMenTS/TRaDe RaTionale (Whyareyoudoingthistrade?)
75
76 inveSToolS coaching hoTline | 1.800.465.1815 MonDay ThRough fRiDay, 9 aM To 11 pM eST 77TR
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BIBLIOGRAPHY
Quotations
aristotle. TheMassachusettsTeacher.(Boston,MassachusettsTeachersAssociation,1854),96.
Benedict,ElsieLincolnandRalphPaine(quotebyElbertHubbard).HowtoUtilizeYourMindThroughtheScienceofPractical Psychology.(Whitefish,kessingerPublishing,2006),41.
Blank,Warren.(quotebyJoePaterno).The 108 Skills of Natural Born Leaders.(Norwood,AMACOMDivisionAmericanManagementAssociation,2001),763.
buffet, warren. StockTrader’sAlmanac2005.(Hoboken:JohnWileyandSons,2005),101.
Cook,John(quotesbyHarrisonFord,MartinVanbee,JosephRoss).The Book of Positive Quotations. (Minneapolis,FairviewPress,2007),572,388.
covey, Steven. The 8th Habit: From Effectiveness to Greatness.(NewYork,SimonandSchuster,2004),286.
Eker,HarvT.SecretsoftheMillionaireMind.(NewYork:HarperCollins,2005),61,77,92.
carnegie, Dale. How to Win Friends and Influence People.(NewYork,SimonandSchuster,1981),263.
gilbert, Martin(quotebyWinstonChurchill).WinstonS.Churchill:NeverDespair,1945-1965.(Boston,HoughtonMifflin,1988),216.
gilbert, Roy. The Thinking Option. (UpperSaddleRiver,Prentice-Hall,1996),16.
Lao-tzu. TheWayofLao-tzu.Chinesephilosopher(604BC-531BC).
lorimer, george horace. LettersfromaSelf-MadeMerchanttoHisSon.(Charleston,BiblioBazaar,2007),117.
Mac, berney. MaybeYouNeverCryAgain.(NewYork,HarperCollins,2004),101.
Millman, Dan (quotebyJulieAndrews).TheLifeYouWereBorntoLive:AGuidetoFindingYourLifePurpose. (Tiburon,HJkramer,1995),354.
Rohn, jim. Seven Strategies for Wealth and Happiness. (Melbourne,BrolgaPublishing,2002),49.
Shelley, percy bysshe. The Poetical Works of Coleridge, Shelley and Keats.(London,CrisseyandMarkley,1847),502.
Stone, phil (quotebySirJohnHarvey-Jones).The Ultimate Business Plan.(Oxford,HowToBooksLtd.,2002),55.
Thomas, bob(quotebyWaltDisney).WaltDisney:AnAmericanOriginal.(NewYork,DisneyEditions,1994),68.
Tracy, brian. Goals!HowtoGetEverythingYouWant--FasterThanYouEverThoughtPossible. (SanFrancisco,Berrett-koehlerPublishers,2003),72.
wood, gary. Don’tWaitforYourShiptoComeIn,SwimOuttoMeetIt. (ColoradoSprings,DavidC.CookPublishingCompany,1994),1.
ziglar, zig. Breaking Through to the Next Level.(Addison,HonorBooks,1998),17.
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