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FINDING YOUR NATURAL TRADING SELF
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In this book, I will show you how you can find more safety and profit in the uncertain world of trading—without needing the right forecaster or system, without taking risks you shouldn't be taking, without getting upset, and without having to watch FNN or eat The Wall Street Journal for breakfast.

I cannot guarantee that you will equal my own trading success or even that you will make a profit using these ideas. Having privately trained over 450 people who are now full-time traders, I believe I can help you get the maximum return from your talent, your ambition, and your interest in trading.

Following the Prof itunity approach will make your trading life easier and more enjoyable. You'll be able to discard your trading worries and you won't be taking on new pressures and concerns.

Because the market is unpredictable, we must approach trading with a method that does not demand predictability.

We don't need fortune-tellers, soothsayers, hotlines, or newsletters to guide us in our daily living because we under stand that living is not predictable. You don't know what you will be thinking at this time next week. Neither can anyone really know what the markets will be thinking at this time next week.

We all trade our own belief systems. That's what Profitunity is all about. When we discover the underlying structure of the market and then align our personal underlying structure with that of the market, the result is geometric harmony.

The markets are characterized by energy. And energy always follows the path of least resistance. Think of a river f lowing down a mountain. It follows the riverbed because that is the path of least resistance. Its movements and patterns (roaring or calm; the directions it takes) depend on the underlying structure of the riverbed. Most approaches to trading try to redirect the flow of the water instead of dealing with the underlying structure—the riverbed. The underlying structure of the futures market is the "fractal," which is best discovered by using the science of chaos.

Think of how, in your own life, you follow the path of least resistance. Following that path has led you to reading this page at this particular instant. From my many years as a psychologist, I realized that most psychotherapy does little or no good because it deals with behavior rather than the underlying structure that causes and directs that behavior.

If you deal with the underlying structure—change the riverbed—you will change the behavior of the river. How you use your brain in your trading is no different. The only two areas to master in trading are: (1) understanding the market and (2) understanding yourself. In this book, you will learn to do both, to understand the underlying structure of the market and of yourself. For example, you will learn that one indicator of this underlying structure happens 99.5 percent of the time when the market has a significant high or low (plus or minus one bar on the graph scales). I will prove to you that you can trust this indicator.

You will learn how you may be sabotaging yourself when you are trading. As you master the Profitunity approach, you will gain insight into your own behavior. That feature alone is worth many times the cost of this book.

Finally, we will integrate the Profitunity techniques so that, with a bit of practice, you can analyze any chart and know, in 10 seconds or less, where you should be long, short, pyramiding, stopping and reversing, or just plain out of the market.

In this chapter, we have examined the frustrations and experiences of more than 90 percent of all traders. The markets, like human behavior, are inherently unpredictable. Our real quest is wanting what the market wants. The market, like everything else in the universe, always follows the path of least resistance.

In the next chapter, we will see just how simple the markets really are.

In Chapter 3, we examine in detail how the new logic from the science of chaos gives us a better map for trading.

Chapter 4 examines the key to behavior, the underlying and usually unseen structure. We will look at this underlying "structure of structure" in the market and how it affects your trading.

Chapter 5 includes a map for moving from being a novice trader to being an expert trader. You'll learn what indicators will tell you the level at which you are trading at the moment and what tools to use at each level.

Chapter 6 maps out the requirements for joining the top 10 percent of all traders. The purpose of the novice trader level is to not lose money while gaining experience in the market. The tools needed at this level are the "single bar analysis," volume, trend, reaction to new volume (the Market Facilitation Index, or MFI), the four Profitunity windows, and the Profitunity air bag that protects against wildly erratic markets.

Chapter 7 moves up one step. At this level, a trader is able to take money from the market consistently on a one-contract basis. The tool addressed in this chapter is the Elliott wave. Using the Profitunity MACD (moving average convergence divergence), we will take the ambiguity out of counting the waves so that you know where the market is and where it most likely will go next. At this point, you enter the top 3 percent of all traders.

Chapter 8 addresses the use of fractals and leverage. It permits trading the underlying structure of the Elliott wave, which enables you to trade inside the Elliott wave even when you are not sure which wave you are in. It also enables you to trade more successfully in both trending and range-bound markets.

Chapter 9 moves you up to the Competent level. Your purpose here is to maximize your return on investment (ROI) by varying your trading volume. You should be able to double whatever percentage return you are able to achieve at Level Two. The Profitunity Planned Trading™ tool allows the market itself to determine your optimum asset allocation tactics.

Chapter 10 ties the first nine chapters into a tidy 10-second analysis package. You will learn a simple checklist that ensures that you are considering all the relevant information before making an executive decision on when and how to trade. The tool that permits this is the Profitunity Trading Partner.™ You then enter the top 2 percent of all traders.

Chapter 11 brings in an entirely new perspective and focus. Chapters 6 through 10 examine and use the underlying structure of the market. Chapter 11 examines and begins to use your own personal underlying structure, bringing you to Level Four. We examine first your own unique hardware (your body structure and how that influences the way you perceive the markets and the world). Next, we take an intensive look at the human brain "wiring/' to understand and control which of the three "traders" inside the body might be running the show at a particular moment. When you put these factors together with the underlying structure of the market, winning becomes the path of least resistance.

Chapter 12 brings you to the pinnacle of trading, where our primary reason for trading is to "find out who we are.' 7 You will learn how to put trading into a psychological "no-risk" situation that makes trading a low-stress, fun way to live.

YOUR MARKET ANIMAL

I have had a lifelong interest in physics and have read several biographies of Einstein. This is my favorite Einstein story.

Shortly before Einstein's death, he realized he had very limited time left. He wrote to many of his former students, colleagues, and friends. He had decided to have a final audience with them in Princeton , New Jersey . He wanted to set up a situation wherein they could ask him any question about his work, his life, and his view of the future. He promised to answer any question, personal or scientific.

Around 300 people responded and, aware that Einstein's energy was limited by his age and condition, they arranged to get together three days before the meeting. Their purpose was to sort out and prioritize their questions so that they would (1) not overtax this generous genius and (2) make sure the more important questions were answered first.

As the story goes, they rented a hotel in Princeton . For the first two and a half days, they did nothing but argue about which questions should be asked first. During the afternoon of the third day, a brilliant scientist from Europe proposed that, with no real prospect for agreement about which questions were the most important, they should ask the "old man himself" to designate the most important question they could ask.

That idea broke the stalemate and brought agreement to the group. Most of those attending suspected that Einstein would propose a question about his current interest, the Unified Field Theory.

The next morning, Einstein sat on the stage, in a rocking chair, before this audience representing many of the world's most outstanding minds. The moderator asked for quiet and proposed the most agreed-on question: "Dr. Einstein, the first question we would like to ask you is: 'What is the most important question we could ask today?' "

Without hesitation, Einstein replied, "The most important question you could ever ask is: 'Is the Universe a friendly place?'" This was not the reply the audience anticipated, but it is the most important question we can ask.

Earlier in the chapter, what animal did you choose as having the characteristics you find in the market? Is the animal friendly and cordial or is it threatening and dangerous? Let's make that question a bit more specific: Is the market a friendly place to you? If it is not, then continue to read this book and learn the Profitunity approach to trading. I summarize the overall goal of this book this way:

The market becomes a friendly and supportive place for you.

Let's start our journey to the top of the trading hill. The opportunity, the timing, and the economy are just right for climbing.

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