Thursday, May 8, 2008

Swing Trading Partnership Details

After reading the success story of Dan Zanger , it re-confirmed my decision to swing trading

Partnership details: (Active in Bull Market)
  1. Profit sharing structure: We both take 30% each. The extra 40% to you because you are responsible for the capital, potential loss and income report.
  2. Use Charles Schwab TD Ameritrade or Fidelity
  3. then set up a “ Limited Trading Authorization” account in the name of your trusted one. This user can only trade for the account. (i.e. Appoint agent with Limited Power of Attorney: Grant authority to trade in your account, but not to make withdrawals or transfer funds.) Then send me the log in information when you want me to trade for you. You have the total control of your money.
  4. You decide how much capital to start ($30,000 to $200,000). I prefer to trade with minimum of $10,000 each to have meaningful result.  Stock trading is a game of probability. Having 2 to 4 trades in play in Bull Market are always better. It is ok to start with just one trade.
  5. A non-refundable fee of $500 from students is required for this partnership. ($2000 for non students depending on the size of the account, admission fee is required and is non-refundable)
  6. You must read, understand and agree with the terms and conditions offered here including all conditions in http://huangstudents.blogspot.com and disclaimer
  7. Please read Nicolas Darvas story to get the proper trading attitude. http://nicoladavas.blogspot.com/ it changed my mind to swing trading. (Chapter 3, 4, 7)
  8. You have a small business venture and I run for you. Compounding the profit can make you rich and that is the goal. It may start out slow.
  9. Stock trading is a game of probability. There is risk involved just like any business venture.
  10. You will learn how to trade better. You will understand that a proper trading attitude, mindset and discipline are equally important.
  11. Either one has the right to cancel the partnership without liability to each other. The partnership can last longer time only if both are happy with the result.
  12. I believe this partnership is a fair program. You have the total control of the money and learn how to trade at the same time. Putting money in someone's pocket and let him trade for you is risky.
  13. Your goal is to learn how to trade and make a profit while learning
  14. My goal : I have a dream - A Big Dream - (a) To hit big both for students and for myself at the right market. (b) Trade worldwide stock markets in future. (c) A book with success stories from students. Google started out small. Dan Zanger started out small. I am at the ground level of swing trading armed with a trading system and strategy after years of hard work in pattern study.
  15. Great Story : in order to have a great story, I set up a separated account using my profit sharing from students as initial capital to trade. The story will disclose if it hits $20 million mark. It may take time. A strong Bull market is needed.

Swing Trading Partnership with students