Ken Roberts Chat

2005's going to be a GREAT trading year!
	Here I am with famed Game Show Host (The Newlywed Game, etc.) and television and radio celebrity Bob Eubanks. We were at a Hollywood television studio taping promos for my commodity trading courses.
Our first Let's Talk Trading Chat of the New year was another winner. Lots of new Members are eagerly learning The World's Greatest Business too! Check out the Chat Archives and be sure to note: "Boring" DURANGO at 6:06 Did you see my brand new "Trading Machine"? Go to the January 4, 2005 TOVI Chat Archives (And then go to www.jimrogers.com and see Jim Rogers' "Trading Machine." It's even yellow --- just like a speedbump!) "dk" at 6:19 (Don't be a pilot who HAS to get somewhere!) "GaryinSeattle" at 6:22 says our new S-1 Strategy is "like shooting crows off a fence post" . . . ! "IBEEBUSY" sums it all up perfectly at 6:29 "CHARTECH" relays some sound advice from Jim Rogers at 6:35 "Manning" asks if TOVI's TT is purely mechanical at 7:00 "Appleseed" asks . . . at 7:08, and "T.B." responds with his results at 7:59 (Here's what they're talking about: Click here) Here's "Scott"'s best advice at 7:13 And then take "SuperT"'s warning at 7:14 into consideration Thanks "CHARTECH"! 7:16 (He also reports 124 Eurodollar puts at 7:22!) (Do you really think the President's brother joined our Chat too?) See "jebush" at 7:35 More great broker advice from "chief" at 7:47 Great trading wisdom from "Farmdgps" at 7:49

Until Next Time,

NOTE: If you no longer wish to be notified of our chats, please go to chat.kenroberts.net, scroll down the page, enter your e-mail address in the box provided, and then click the "Remove" button located below the box. If you would like to report a change in your e-mail address and continue receiving notification of our chats, simply delete your old address as outlined above, and then enter your new address.
Copyright 2005 - The Ken Roberts Company

Let's Talk Trading (tm) with Ken Roberts
from January 11, 2005

Return to archives page

As we begin this evenings session, let me state the reason I conduct these monthly chats: to provide you the opportunity to ask questions and pick the brain of a successful, long-time, real-money trader. Its not the highest and best use of our limited time here together for me to define basic terms and explain introductory principles taught in your Course materials. Thats what my Course Counselors are here for... Now is the time for you to use me to help you apply the basics youre learning and to prepare you for what to expect once youre out in the market itself (either paper trading or with real money). And if we have some fun along those lines, so much better. Alright... Ive got a (Cuban) Hoyo de Monterrey Double Corona fired up, heres our plate of Krista's freshly baked Oatmeal/Raisin (with a dash of cinnamon) cookies, the coffees poured, so lets talk commodities!

DURANGO asks:
Hi Ken. If it seems like the grains, especially corn have been boringdoes that mean Im boring? Im getting a stiff neck looking at sideways channels! Love your new Trading Machine! And are you coming out to Pittsburgh?

at 6:06:51 PM
Hey Durango! Received your kind invitation --- congratulations, and thank you! No, you're NOT boring --- you're attentive to the markets, you're paying attention, you're doing the right thing! Welcome to contrarianism-land! Thanks!

joel asks:
I just recieved and reviewed the Ted Warren system. Ken, do you believe in market "manipulation?" And if so, what does it mean when the markets are "manipulated?" Anything to worry about?

at 6:10:44 PM
Yes I do, but not to worry! I believe what Ted said about this (and I think it's more prevalent in stocks than in commodities because the commodity markets are just so vast for the most part). "Manipulation" means that you're buying or selling in such huge quantities (compared to total open interest in that market) that your buys/sells actually affect the price. Great question. Thanks!

Joel asks:
Ken, do you still trade with options on formations only or do you load up on calls in a market that is trading low and load up on put options when a market is trading high, waiting for a change in trend - before a "typical" formation shapes up?

at 6:12:46 PM
Good question, Joel. I USED to do as you describe (load up BEFORE a formation develops), but now with TOVI, I find that I'm waiting much, much longer --- for that market to actually begin moving. And I'd love to know how TOVI's changed other traders' style as well, which is why I'm asking for everyone's input on any "contrarian" trading methods they're experimenting with and/or actually using. Thanks.

George asks:
Do you ever use spreads?

at 6:15:05 PM
No George, but I will soon --- when TOVI's Option Writing Module is launched. Rather than simply write a put or call (which exposes us to UNlimited risk, just as with a futures contract), TOVI will lead us to COVERING our writes (that is, hedging with an opposing option for protection). Think of going long a futures contract and then covering your position (risk) with a put option . . . . Stay tuned!

Scott asks:
Hi Ken! Scott from MA here. I have a question about the S1... I'm a little nervous placing a trade when I don't know what I'm basing the trade for... What is the main information that the computer calculates to get it's decision? Thanks!!!

at 6:16:38 PM
The trend, Scott; TOVI "senses" and "identifies" trends and their lengths and strengths. As far as the actual formula TOVI uses to do this, that's classified (and being patented right now)! Thanks.

dk asks:
Hi Ken This is my first chat with you and am hoping to pick up some pointers for the newbe. I truly belive that i can do this and hope to replace my present income with in one year. I am very much a person who pays attention to details but have not yet got a grip of all this yet.But i am very much looking forward to the challenge. THK DK

at 6:19:03 PM
Welcome aboard, dk! I think you'll love what you find here! Just don't put time restrictions on yourself and your learning, dk. It's kind of what I learned in flying: Pilots get into trouble when they HAVE to be somewhere . . . . Stay the Course, paper trade, and stay in touch! Thanks.

don asks:
Ken, I just got onto your site for the first time last Sunday. I picked 8 commodities and options (Paper Trades). I did not look at any of them until Saturday. Three had doubled and the others had gained 10-50%. Is this real?

at 6:20:12 PM
No it's not real, don --- you yourself said it was paper trades! But that's the way to learn, and congratulations on a great start! Thanks.

GaryinSeattle asks:
Ken and Staff. Been in and out with you guys for about 4 years. I fought Tovi, but it beat me anyway. S1 is working, I am paper trading 20 different commodities and as soon as they make me 100%, I dump them. 1st one 158%, 2nd one 100%. I am doing this in about 20 to 22 days. I am shooting for 1 a week. S1 is like shooting crows off a fence post, it really works, Thanks you guys. I will be in real money by the end of this month.

at 6:22:42 PM
Thank YOU GaryinSeattle. (Your comments remind me of that great old song written by Sonny Curtis of the Crickets --- I Fought the Law . . . .)

WildCat asks:
I know that you keep saying to go at least 90 days out on options, but isn't there such a thing called day trading where you get in quick and then right back out within days? What are the pros and cons of this, and can or should it be used with options that will expire in less than 90 days?

at 6:24:36 PM
You are a WildCat, aren't you WildCat?! Hey, give it a try on paper (and keep us posted). One drawback to this "day-trading" strategy would be commissions, BUT . . . if it works, commissions could be well worth it! Keep us posted: I'd love to know your results. Thanks!

IBEEBUSY asks:
An Alabama beekeeper, Correct me where Im wrong. A winning strategy is to study, study, study, paper trade, paper trade, paper trade. Enter a market using the strategies 1-2-3, Hi-Lo Breakout, Strong-1 are any other technical strategy you have paper traded enough to have confidence in. NEVER go into a trade with out two exit strategies, one for winning and one for losing ALWAYS USE THESE STRATEGIES. When trading real money start with options. Try to be in several different markets (if you can invest $ 5000 try to be in five markets). Buy two options when you can so you can take profit on one and still be in the market with the other. Keep up with your business daily. You have covered me up with information, digging my way out is enjoyable. Last month you said you keep Italian bees. Bee mites made me change to Russian bees. I like them - good can come out of bad. You asked if the Queen knows I am trading. Yes she is watching like a...

at 6:29:01 PM
(Is this why that Oregonian beekeeper said we have "mighty" bees . . . I thought he was complimenting us . . . !) Your great summary cut off at the end, IBEEBUSY, but you summarized this bee-autifully! Couldn't have said it bee-ter myself! Glad you joined us again this month --- we expect BIG things from you! Okay, gotta buzz off now. Thanks!

Tre-Tre from Toronto Ontario Canada asks:
Ken thanks for the gift the book you sent me it arrived last week and it's autographed what a keeper.!!!!!

at 6:29:49 PM
Thank YOU Tre-Tre --- you're terrific!

edmed asks:
Hi Ken. I've been trading stocks options online for a while and just starting looking at futures options. What's available to trade futures/options online and what do you think of it?

at 6:31:21 PM
I don't trade online, edmed (I love having a capable broker working for me), but many people do. Come on everyone: Let's hear YOUR experiences . . . . (edmed: Stay tuned!)

CHARTECH asks:
Hi everyone. Did any one see the Jim Rogers interview on Bloomberg this weekend? A recap of what he said is that Soybeans are (due to go up) 70%, copper 25-30%, silver 80%, sugar 80%, looking for oil to go to 90.00-150.00 at least a barrel. His words - it's going to knock your socks off. No one watching, thats what he said.

at 6:35:20 PM
Hmmmm, CHARTECH, where have you heard THAT before . . . ? Yes, and since you brought Jim Rogers up, did everyone get my "tip" to grab a copy of his new book, HOT COMMODITIES, if you find one? (The first edition already sold out, and you're definately going to want a copy!) Thanks!

Silly Goat asks:
My first trade went sour because I let the broker convince me to a better trade than what I learned in your books.I will try again. Are all brokers the same?

at 6:35:56 PM
No, but they are brokers, Silly Goat --- it's genetic!

tradeboy asks:
Hi Ken, tradeboy here. I used to trade options with calls in a down market, puts in a high market. I started watching and waiting for tovi to confirm. I'm pleased to say i'm on a 6 trade winning streak. Tovi helps me a great deal! Teaches me patience too.

at 6:37:20 PM
It doesn, doesn't it, tradeboy! Glad you learned this too . . . I love TOVI! Thanks!

Apilgrim asks:
Ken, did you just say writing a call option exposes us to unlimited risk just as a futures contract? How so?

at 6:38:17 PM
Hold on, Apilgrim . . .

Lucy asks:
Hi Ken. I don't understand your response to George's question. That is,"Rather than simply write a put or call (which exposes us to UNlimited risk".) I thought your literature states that by trading puts and options on futures, risk is limited to the cost of the option? Please clarify and thank you.

at 6:42:49 PM
(Still with us Apilgrim?) And you, too, Lucy: In The World's Greatest Business, we BUY puts and calls. BUYING put and call options on futures affords us the advantage and benefit of DEFINED RISK (that is, you can't lose more than you paid for the option, plus commission). When we WRITE an option, we are the seller (this is who you and I are buying our puts and calls from in The World's Greatest Business now). The option WRITER (or SELLER) is like an insurance company who collects premiums on insurance policies. But there's always the chance that the hurricane will hit and those insurance policies have to be paid --- that's the UNlimited risk part of writing/selling options. Hope this clears it up. Thanks!

Suziqrsh asks:
Hi, Ken; this is Rebecca in MA. My husband bought your course in '98. We haven't done much except paper trade b/c we have followed your rule of not trading out of necessity or until you feel comfortable with paper trading. We read the chat archives every so often and of course we've seem much talk about TOVI. Can you state simply what its for and what it does? Also, with the dawn of the new year we are (once again) trying to get serious with commodities, recognizing that it is "the world's one perfect business;" however, there are soooooooo many markets that I get overwhelmed when trying to find a few to begin watching and paper trading. So, could you recommend a few to get started watching/paper trading right now? Thanks for all you have done/ all you do! You are a Godsend!

at 6:49:03 PM
Hello and welcome Suziqrsh (aka Rebecca in MA)! Go to www.kenroberts.com, take the new Tour, and then call one of my Course Counselors to be sure you're up-to-date on my Course. Then pick ONE of the three Trading Strategies (the S1, the Hi-Lo Breakout, or the 1-2-3) and paper trade just that Strategy as those market(s) break out. Also see my Get-Going! pdf in the Member's Section and simply follow the numbered items! Then keep us posted! Thanks! P.S. When you're comfortable with that, THEN take the TOVI Tour . . .

WildCat asks:
Just wondering which method Don used for his paper trade success?

at 6:49:31 PM
How 'bout it Don? Spill the beans!

Chris E. asks:
Hey Ken! Not sure if this is a misunderstanding on my part alone, but I placed and order with my broker the other day and asked him to do a trailing stop loss. He tells me that there is no such order. Tell me it ain't so! Is this something that a better broker would look after? Thanks, and thanks for the view through the looking glass!!

at 6:52:32 PM
Is this an option or a futures contract, Chris E.? And did you say "do a trailing stop loss on this trade," or did you say "trail a stop at [price]"? If this was a futures contract, and you gave your broker a specific (numeric) order, s/he should accept it --- this is routine. Thanks!

don asks:
Ken, Do you use candlesticks to help in determining if and when you enter a trade?

at 6:53:17 PM
Only on the dinner table at Thanksgiving and Christmas (and when the power goes off), don!

Richard SS asks:
Dear Ken; I have found options to always be a losing proposition due to time decay, even though risks are known and limited. Why not deal solely in futures, where loses, even with stops, may be large, but prices move precisely with that of the commodity?

at 6:54:57 PM
Nothing wrong with that at all, Richard SS! But I do believe it's in YOUR best interest to investigate and experiment with options because they're so valuable to ALL traders. I think of options as "the great equalizer" as the handgun was in the Wild West. (Options on futures contracts didn't exist when I began trading back in '82!)

DURANGO asks:
Father Kenit has been 3 weeks since my last confession and I have something to confessI purchased a March 05 Aussy Dollar 7900 call option paying 1300 points BEFORE it was time. I thought I would just go ahead and beat the Hi-Lo Breakout that I just knew was going to occur So I confess that even though TT rated this market in an uptrend, I didnt wait for the market to break above the high of 7842. I was looking for some excitement to break-up the grain syndrome So there I was, the adrenalin junkie down about $1,000 on that trade, because I wasnt patient enough to wait for all the ingredients of the Hi-Lo Breakout Strategy to appear. The good news is I was able to buy several other March, 7900 calls at lower prices between Dec 10 and 14th that earned back my loss on the first option and put me at a good profit by Dec 31. I remembered a Paladium trade you once did

at 6:59:01 PM
Yes, my son, Father Ken knows from whence you speak . . . . My pennance for you is to paper trade THREE Hi-Lo Breakouts, TWO 1-2-3 formations, and ONE S1 signal. Have you learned from your errant ways, my son? Go forth and sin no more . . . . Remember: God loves you, and you are forgiven.

Manning asks:
Do you still review the charts? I'm asking because it sounds like TT is purely mechanical. It seems to indicate both when to enter and when to exit.

at 7:00:47 PM
Absolutely Manning! I can't do without charts! Yes, TOVI's Trend Tracker does give black-and-white, mechanical ENTRY signals, but you'll always need charts to following the trend and to use in EXITING that trade. Good question. Thanks!

nub2wgb asks:
I know option trading has been around for a long time, but it seems to me that every financial newletter in the past 6 months is offering or starting an options trading program in stocks or commoddities. Is it just me, or is it like when you buy a certain brand of car - that is all you see on the road? Is there a chance of over proliferation? Steve

at 7:05:27 PM
Option trading IS growing, nub2wgb. But I suspect that you ARE experiencing the "red car" phenomenon too. When TOVI began just over two years ago, it analyzed all 9,000 available options per day. Today, TOVI analyzes over 15,000 available options per day! (Fact: 213,994,986 options traded in 2002!) No, there's no chance of "over proliferation" --- the more, the better!

KenF asks:
Please, please, please get the writing options module completed. Can't wait to see it.

at 7:05:59 PM
Me too! We're working fast and furiously, KenF! Thanks!

dave asks:
Well the best experience I have had was using the 1-2-3 method for the YEN yesterday, and made $500 today. I don't always wait 90 days.

at 7:06:26 PM
Congratulations Dave, and thanks for the update!

Appleseed asks:
Ken: Many thanks to you and your brilliant staff for all your help. I enjoyed your recommendation of Dr. Hawkins Power vs Force and the accompanying cd's. In your opinion can Dr. Hawkins technique of calibrating be tested on the markets? Happy & Prosperous New Year!

at 7:08:19 PM
Thanks Appleseed! I'm no expert, but I DO know (from hearing Dr. Hawkins' writing and from hearing him in person several times now) that INTENTION is everything and that calibration cannot predict the future. Happy New Year to you too!

Kambouris asks:
I was one of your students years and years ago, long before you came out with all the automated graphs and recommendations of today, and I really appreciate the difference in your product. Since this is my first recennt exposure (first look, really),I will follow my first chat with much interest! Thanks, Ken. Bill Kambouris

at 7:08:52 PM
Thank YOU, Kambouris --- and welcome back!

Joel asks:
Ken, you mentioned the book by Jim Rogers, "Hot Commodities." But are you meaning to say that you support his strategies, or is this book a part of the "stupid news?"

at 7:09:59 PM
No, it's not "stupid news" Joel, even though he does get into fundamentals. I'll have a LOT to say about this in the future, but the book's so new, and so few have even read it yet, I'll save my pearls for later. Thanks!

jaywalk asks:
jaywalk from chicago: If you are up in profits from your option, say $3-4,000, does it mean that the seller of the option is losing that amount?

at 7:10:21 PM
Good question, jaywalk. Here's the answer: The seller (writer) of the option you bought is losing any INTRINSIC value that option may have, but nothing more than intrinsic.

Scott asks:
Ken... to answer edmen's question... I just started with your course a couple weeks ago and have been calling multiple brokers. Some brokers don't have any online capeabilities while others will let you trade everything you see on uschartco.com ... best advice I could give is call around, interview and talk with them. I ultimately decided to go with refco(refco.com), because they seem to have a lot of great online features. We'll see.. I'll let you know on next months chat after I've put them to the test. Till then... :)

at 7:13:33 PM
Thanks Scott! You're a gentleman and a scholar! (Did you get that, edmen?!) Yes, we'll be looking forward to your report and experience.

SuperT asks:
Hey Ken, I've found that trading online may be quick, but I get correct executions from a broker and don't have to worry much about getting the best results. I enjoy a broker doing the work, but I don't enjoy a broker recommending trades. I always lose money if I follow their advice. I make money only if they follow MY orders.

at 7:14:31 PM
Thanks SuperT!

Chris E. asks:
Ken, IBEEBUSY stated and you concurred with that when starting to trade with real money you should start with options. I started my first trade with real coin last Thursday,using strategies 123, channel breakout and S1 all in one trade (March Cotton). I had found great success paper trading futures using the S1 Strategy and it gave me the confidence to enter a futures with a good stop loss! I'll keep you posted on outcome!

at 7:15:31 PM
Thanks Chris E.!

CHARTECH asks:
My Jim Rogers book should be here tomorrow (Barnes & Noble 24.95 with shipping). Hey, check out all those great Reviews on Ken's Great novel, "A Rih Man's Secret." Im waiting for your next one Ken...

at 7:16:30 PM
Hey CHARTECH, thanks! (Yes, I DO appreciate all of you reviewing A Rich Man's Secret at www.amazon.com AND www.barnesandnoble.com.)

mpbro asks:
Hey, what's an S-1 signal?

at 7:17:04 PM
(You can download our newest trading strategy in the Member's Section of www.kenroberts.com.)

intrinsic asks:
Howdy Ken. I noticed that on the Cotton call you bought you went almost a year out, like we used to do when buying cheap, out-of-the-money options. When you buy much closer strikes, do you still budget for two rounds? I've been with your system since 1999 and appreciate the variety in trading strategies you teach. My goal is to someday be able to trade full time. Thanks

at 7:19:16 PM
Yes, I still do like trading multiple contracts/options just for the purpose of "peeling away" with profits on the way up and still holding a position in that market. If you wish to do this too, you can use TOVI's Budgeted Options Search tool to accomplish this. Great question. Thanks!

greg in arizona asks:
Ken,I'm interested in hearing more about your historic trees. Two thousand trees, how many acres of apple trees, just curious? Do you sell your apples, locally?

at 7:20:45 PM
Ten acres of Genuine Johnny's (tm) greg in arizona! We hope to have a bumper crop this year, too! Thanks!

CHARTECH asks:
I now have 124 eurodollar puts in june,sept,dec,and have bids working in mar06 GTC waiting on them to come to me. I have my plan and exits and I think this my be one of those great 1 in a life time moves. Thank You again my friend for all you do.

at 7:22:54 PM
Good for you CHARTECH! You've got a plan, and you're working that plan! Yes, I doubt whether we'll ever see interest rates this low again . . . .

trwtrader asks:
Ken, Is Dr. Hawkins program offered on-line at Four Star Book's web site? I do not see it listed. Thanks.

at 7:29:51 PM
Dr. Hawkins' books and CD Workshop are not yet listed on Four Star Books' website (like so many other projects around here, we're re-doing it!), so for now you can call Donna or Patti at 800-350-2350. (Besides, they're so much more pleasant to speak with than an old computer!) Thanks!

NICKDOGS asks:
Ken, If you write an option can you get rid of that option if your losing money, or do you have to wait until expiration?

at 7:31:19 PM
You can buy it back anytime, NICKDOGS, at its prevailing price. We'll get into all option details and nuances when TOVI's new Option Writing Module goes online . . . .

carman1962 asks:
Hi Ken, been studying your course since 99' Traded with real money for awhile but did not stay on top of the markets daily so had to get out. Been paper trading options again since October 04 with good success! Thanks for your help and I hope to visit Grants pass soon.

at 7:31:54 PM
Congratulations, carman1962, and welcome back! Yes, come see us!

gaston asks:
Ken an article was written on coffee that it may hit $3.00 @ Lbs. what do you think? Gaston in Redwood City Thank you

at 7:32:27 PM
Or more, gaston! I saw it hit 318 last time, and hope it goes even farther this time around!

Everybody Loves TOVI asks:
Hello Ken: Can I REALLY use the S1 strategy without referring to the "Days in Trend", and without referring to a chart?? I actually read this in a previous chat, I'm just trying to "register" it in my brain.

at 7:34:13 PM
Yes, Everybody Loves TOVI! The S1 Strategy gives a totally mechanical entry signal. But that's as far as I'd go: I want to watch my charts for trending, profit-taking, and exit points. Try it!

jebush asks:
Chris E. and I have the about the same mind set. I've been trading paper since October and have bought my first actual trade on a 50 call in May Cotton just this passed thursday using a 1-2-3, S1 (after 2 up moderate) and waiting for a break out above 45. Looks good so far, will keep you posted on its progress

at 7:35:35 PM
Yes, do, jebush! (Say "Hi!" to W for me!)

Scott asks:
Ken, I'm curious to know what your favorite trading strategy is. Which do you have the most success with? Thanks again!!! -Scott

at 7:36:29 PM
It's been the Hi-Lo Breakout strategy lately, Scott! Great question. Thanks!

intrinsic asks:
Ken, I have always been an online trader, but today's experience has me ready to go with a live broker. I tried to take a 75% profit on a Hog Call with an order of 180 Or Better. The market bounced around 200 all session and finally closed at 240, but my order was still filled at a measly 180. I probably could have made that extra 53% if I had someone to watch out for me!

at 7:37:37 PM
I feel your pain, intrinsic! (Lesson everyone . . . .)

ready2win asks:
One quick question regarding option writing. When the module is completed, will there be tutorial or a new manual to teach us? thanks

at 7:38:00 PM
Oh yes, ready2win. You can count on it!

Dean-LagunaNiguel-CA asks:
Follow up to jaywalk's question: Isn't it also true that the seller (writer) of the options is PROFITing from any options I have that are losing money?

at 7:39:16 PM
He's ALREADY collected the premium you paid for your option(s) and that's ALL he can ever make. Good one. Thanks!

dave asks:
Ken, let me say you have a fantastic program. In my short time in your program, I had funny-mentals and Technicals confused. When I read a piece by a known news site the conflicting advice was astonishing. I imagine you believe in the K.I.S.S. method. Keep it simple use charts and TOVI.

at 7:39:44 PM
Exactly, dave!

Hollywood Stars!

The Hollywood Principle
This is a GREAT book (even if I did write it myself)!

The Hollywood Principle
By Ken Roberts with
Deborah Covino
Soft Cover
229 pages
Includes a Movie Index
AND an Actors Index
$14.95 + s&h

Actually, I didnt WRITE it as much as I formulated and guided it.

I know my limitations, so I went to an expert: Deborah A. Covino, a film expert and originator of the popular Magic of the Movies film course at the University of Illinois at Chicago.

As you know, the problem with most music CDs is that you really like and play only one or two cuts the rest are just a waste! And thats true of most self-help books too but not this one! I made sure of that . . . .

The Hollywood Principle: How to Use the Magic of Movies to Make Your Dreams Come True is over 225 pages packed with gems and gold nuggets even the back cover is something to behold and learn from!

Youll never watch another movie the same way again!

I first published this lesson/text/guidebook in 1991, but its every bit as fresh and instructive today. In fact, you wont be scrounging around for great movies to watch for a long, long while because youll be zeroing in on the over 300 new movies this treasure trove unearths for you!

What you perceive is what you receive. This is a universal fact. Vernon Howard taught it, and Dr. Hawkins demonstrates it. And to be na�e or ignorant of this fact doesnt excuse us from its impact on our lives! So learn it, work with it, and put it to work in a positively profound way!

Dr. Hawkins uses an example of two people visiting New York City in his CD Workshop: One person goes there and finds it just awful the people rude and cold. But another returns from his or her trip telling how warm and helpful the people of New York City are polite waitresses, patient cab drivers . . . .

So whats the difference? You! You your perception and understanding determines what you experience.

And theres so much more to movies than youre now seeing!

So instead of using them as simple distractions, just a way to pass the time, or mental bubblegum, learn how to get more out of your movie watching. Put movies to a higher purpose in your life!

The Hollywood Principle contains 20 major lessons movies can teach us, broken down into chapters. But thats not all . . . .

Youll love the special How to Watch Movies and Picture Yourself learning tools featured throughout this book.

In each of the many Picture Yourself lessons, youre invited to picture yourself in challenging real-life situations where taking your cues from the movies can make a big difference in your life.

And all along the way youll learn How to Watch Movies. These guides are some of my favorite tools in this Motion Picture Workshop. Here youll learn that nothing happens by accident in a movie. Youll be coached on noticing crucial movie details such as thematic patterns, background action, lighting, set decoration, soundtrack, the directors input, and the message of the movies conclusion. (Example: Do you pay close attention to any movie marquee you see in a movie? When you see one, be sure to remember whats playing: Its important!)

And then study The Hollywood Principles vibrant, full-color back cover. Also titled The Hollywood Principle, I commissioned this truly impressive oil painting by award-winning artist Don A. Peters. (Peter Hollywood Principle-commisioned painting s.)His paintings and drawings have been collected by the illustrious, including Bing Crosby, Lee Remick, John Wayne, and HRH the Prince of Wales. Mr. Peters outdid himself for me! Theres a huge hidden message in his superlative painting too . . . .

Wait... I smell popcorn. Got to go now. See you at the movies!

PS: If you'd like, you can rate and write a review of my book at amazon.com and barnesandnoble.com!



	Put a in your shopping cart. Click Here to Order Online or Call Donna or Patti at 800-350-2350. (8:30am to 5pm Pacific Time, M-F).

Scott asks:
Ken, you mentioned in TWGB Manual to buy as close to "in the money" as possible, based on your budget. Is there such thing as being too close to "in the money"? Much thanks! -Scott

at 7:45:35 PM
No, Scott, I'd have to say that being "too close to in-the-money" would be like being too rich or too thin . . . .

chief asks:
Hi Ken I can still feel the pain for a newer trader shopping for a broker. My advise is always keep your options open. I think it was quite intimidating the first trading account i opened i have closed and opened many accounts I have left a broker then came back and then left again to trade online. I called it my paper trading for brokers dont free locked in shop around even if you have an account open. Thanks for your time. Happy New Year!

at 7:47:25 PM
Great advice, Chief! Thanks, and Happy New Year to you too!

Farmdgps asks:
Hello Ken, Its an honor to type to you. I just want to take this time to thank you. Back in 98 I think it was, your team pointed me the direction of Gold. I think they felt sorry for me I had just been beat-up pretty bad in Futures. Anyway, I took their advice and my last $300 bought 2 Call Options in May. I almost sold them for a loss in Aug. but hung in there till Oct. when I let them go for nearly $6000. I still cant believe it today but its true. To the Nice New Year Lady (Sorry I forgot your name) Go for it!! But Stick to the plan no mater how dark the sky gets. I almost gave my $150 Calls away for $25 but I remembered the plan was to ride them into the ground and then buy more. I guess that was the Rare Lesson that Paid Me rather than My paying for it! Thanks, Ken & Staff, Keep Up The Good Work!! J FarmDGPS

at 7:49:59 PM
Thank YOU Farmdgps! What a great story, terrific lessons, and thanks for sharing this with us all! It's an honor to type to you too -- I mean it!

A trader asks:
Recently, I was surfing aroung your company's website. I bought some of your courses about five years ago. I wonder what happened to the old stuff, like TWMPMM ... I didn't see a "company catolog" on the website. Thanks !

at 7:51:12 PM
No, what you're seeing is my latest and greatest, A trader! Glad you surfed my way! Surf's up! Hang ten! Kawabonga!

texas mike asks:
hi ken & crew: concerning chris e's question about trailing stop loss, i was told by my broker that i would have to do as you stated, give him a stop loss price & then call him each day to change it if the market was moving in my direction. what do you think? also, i love your quick wittiness!

at 7:53:37 PM
Thanks texas mike! That sounds reasonable to me. Think of it: You're going to be calling him/her every day for price updates anyway, so why not give him/her your new stop-loss point at that time? Thanks! (Darn it, texas mike, now I can't think of anyting witty to say in closing . . . .)

expect success asks:
expect success asks: Any comments on feeder cattle Ken. It's so volatile. What about the head & shoulders. At that time Trend Tracker was saying moderate to strong down, now it's reversed and going up again. Made some profits on corn, oj and cocoa. Waiting for the grains to turn around. Really love this and hope to do this full time shortly.

at 7:54:50 PM
Good for you, expect success! Yes, many markets have been unusually volatile lately --- welcome to commodities! Thanks!

jammer05 asks:
biggnick asks, Master, do you think coffee is in a retracement right now, allreaady retraced 50% and maybe take out that gap in the lo 90's and resume its uptrend.....I'm down the 8K I made in Nov and Dec?? Tks

at 7:57:26 PM
Yes, Grasshopper, that analysis is astute in my book too. Hang in there . . . .

jaywalk asks:
jaywalk again: just finished your rich man's secret and the why I see it you are a living C.W. AND I was victor GREAT BOOK.

at 7:58:32 PM
Thank YOU, jaywalk (Victor)! (Did you review it at amazon and barnes and noble? Thanks!)

T.B. asks:
More info for Appleseed -- I had my lovely spouse do the "calibration" with me and I got a definite NO to using calibration to pick with. Do the Work!

at 7:59:15 PM
(Hey Appleseed, did you get that?)

STEVE asks:
Is there a way of checking daily prices on line with your charts instead of calling a broker everyday?

at 8:00:28 PM
Prices are delayed, but available throughout the day on U.S. Charts Online (www.uschartco.com), Steve.

Scott asks:
Hey Ken, what % of your trades are actually options? If I have a high risk tolerance, do I have the ability for larger profits by investing other ways, or do you feel options are the most profitably means of investment in the commodity market? Once again, thanks for all of your insight!!! -Scott

at 8:01:33 PM
Thanks Scott. The way I see it, no matter how much money you have, there's a place for options in your trading. They offer so many advantages. Great question!

Well that's it for the first Chat of this New Year (and it's going to be a GREAT New Year!). Check out my favorite web sites: www.tovionline.com (Have you taken my personal tour yet?); www.uschartco.com ; www.fourstarbooks.com ; www.historictrees.org ; www.billoreilly.com ; www.wildlifeimages.org ; www.salestax.org (Let's abolish the IRS!); www.LP.org (Take The World's Smallest Political Quiz and see where you stand!); www.vote.com (Make your voice heard!). Our next chat will be Tuesday, February 8th (The next TOVI Chat is Tuesday, February 1st). As always: Use these newfound powers only for Good. Good night, God bless, and watch where you step!

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