All about investment

By:Tom Sanders

A new reader of my Trader's Guide To Money Management told me he had just signed up for the 8 week free trial of the Doubling Stocks newsletter and wanted to know if I thought it was a scam. He wanted to know if he was going to make the kind of money that Michael claims people have made on the Doubling Stocks advertising page.

Clearly from my previous review, "Is Doubling Stocks a Scam or a Godsend?", I certainly do not think it's a scam.

When I first heard about Marl the stock trading robot and the Doubling stocks newsletter I was a bit skeptical but decided that since it was only $47 I would just try it. I felt the potential reward was much larger than the potential risk of $47 and if was going to worry about $47 then I probably shouldn't be trading stocks. Even the $47 wasn't really a risk since I knew I could get my money back for up to 8 weeks. So the only real risk is the risk you face due to poor risk and money management strategies, which just so happens to be completely irrelevant of where your stock picks come from! So trying out the Doubling Stocks newsletter was probably the least of my risk concerns and it should probably be the least of your risk concerns as well. Anyway, It's worked out quite well for me and the rest is pretty much history, as they say. You can browse this blog and my website for more on my opinions of the Doubling Stocks newsletter.

So anyway, of course I had to tell my reader I had no idea if he was going to make the kind of money reported by Michael and the Doubling Stocks crew. I explained there is far more to getting rich trading stocks than a great stock picking service.

I imagine the Doubling Stocks people looked at all the traders using their newsletter and took the best performance they saw among them and used that as their marketing pitch. This is pretty standard marketing ... always give the best results. But that doesn't mean it's a lie. It just means someone had those results and you could possibly have them too.

Regardless, there's no doubt the stocks do often go up A LOT as you will see with your 8 week free trial. Often times the stocks literally explode after the opening bell.

My approach is to use proper risk and money management to limit risk and take part in the winners only when I can get in with a limit order at the right time. Sometimes you can't catch any part of the trade because it sky rocketed too fast, sometimes you catch some of it and sometimes you can catch a lot of it. The whole cut your losers fast and let your winners run rule definitely applies. If you're tight with your risk management the winners more than make up for the loses. You just can't count on catching all the trades all the time (obviously), but when you do you can make a lot of money.

The Trader's Guide To Money Management is my attempt to show traders the techniques for risk and money management that will allow them to capitalize on these rockets that marl the stock robot finds in the market noise.

Here's an example of a recent stock pick and how to trade it ... Doubling Stocks Calls It Again

I have a degree in physics and a minor in computer science. For nearly a decade now I've been developing automated trading systems for both the stock market and the Forex market. Currently I make my living trading from my home in Canada as well as publish the Trader's Guide To Money Management.