"I'm TEACHING YOU SOMETHING that I know works," says Jake Bernstein.
"It's real simple."
Want to make a killing trading futures? All you need to know, says Bernstein, is that many seasonal price patterns occur year after year. Buy live hog futures on Oct. 30 and sell on Nov. 27. That's a trade that would have made you money almost every year in recent decades, he claims. Bet on the S&P 500 March contract to rise from Jan. 12 through Jan. 18. For 15 years, he says, this trade was a winner 93% of the time.
Does anyone believe his assertion? Amazingly, yes. By the promise of easy money, audience members line up to buy Bernstein's products, among them his books, with titles like The Seasonal Trader's Bible and The Best of Bernstein: A Treasure Chest of Jake Bernstein's Market Wisdom. His monthly newsletter costs $400 annually; his weekly newsletter costs $895 a year. He sells three other newsletters, plus video courses and a CD-ROM ($695) that lists 60,000 seasonal trades. He offers telephone hot lines and charges up to $2,500 per person for his two-day seminars.
Jake Bernstein professes to be an expert on the psychology of trading. His qualifications? In registering with the Commodity Futures Trading Commission, the Montreal-raised Bernstein wrote that he held a master's degree in psychology from Chicago's Roosevelt University.
Single stock futures (SSFs)—the trading of futures on individual stocks—is a new investment instrument in the United States, one that promises many new opportunities for investors. However, along with opportunity comes risk, and it is reasonable to ask whether investors and traders are ready to make effective use of SSFs:
· Do investors understand the SSF market?
· Do investors and traders know how to trade futures?
· Do futures traders understand how to trade stocks?
· Are stock traders prepared for the volatility of futures?
· Are futures traders prepared for the fundamentals that often affect stocks?
· Are stock traders sufficiently educated and skilled in technical analysis?
For the first time ever, leading stock and futures trading expert Jake Bernstein explains the ins and outs of SSFs, and tells stock and futures trading professionals as well as sophisticated individual investors how to move forward in the new world of trading futures on single stocks.
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