I just wanted to quote one of my emails from 5 months ago.

“I think it’s pretty much official, or it is in my eyes, we’re in a bear market. This may come as no surprise for many system traders (like myself) and here’s why…

Having already identified the conditions I’d like a security to exhibit for me to consider trading it, I have programmed this into Meta Stock. Then, using the explorer function, I am able to identify only those securities exhibiting my criteria.

Here’s what I noticed…

Over the past 3-4 months the number of stocks making it through my filtering process has decreased 5 fold. In fact, around 2 months, ago my system wasn’t returning any trading opportunities at all.

So you know what I did?

I followed my system and didn’t open any new trades. Furthermore, almost all of my positions were also stopped out. The result being: I wasn’t in the market when the proverbial ’shit hit the fan’.

The lesson to be learned here is that when you system tells you to stay out of the market – stay out of the market! Don’t follow the urge to always be trading, remembering sometimes it’s smarter to sit on the sidelines.”

I echoed these thoughts recently when I was extensively quoted recently in the Australian Financial Review – Wednesday 24th Sept 2008 (article below).

Of course, for more savvy traders, these times represent a fantastic opportunity to trade the short side of the market. Remember, trend traders are not concerned if the market moves up or down – they’re simply looking for a trend… and the market is definitely trending at the moment!

Personally, with my current schedule, I haven’t been able to do any short term aggressive trading – it requires too much of my time.

That said, just for fun, I did run a scan for my short system to see what would happen and wouldn’t you know it… my short trading system is currently identifying loads of shorting opportunities.

Am I missing out one these opportunities?

‘yes’ but I know better than to trade a system that doesn’t fit my current time availability. Remember you must design a trading system that suits you!

I’d love to hear how your trading is going – please comment below.

Your business/trading philosopher,

David Jenyns

Ps. I recorded a presentation Stuart was running for the Australian Stock Report and posted it for you to check out here: www.onlinetradingmastermind.com

Please Note: This post applies to only those living in Melbourne, Australia.
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After 5 years of pretty much keeping to myself, I’ve decided to get serious about my online business! I am about to embark on what I think will be a truly historic journey to reshape the trading education industry.

Do you think you have what it takes to join my team? I’m currently looking for a part time (3 days / 20 hours per week) project manager to work with my team (8 virtual assistants) and I.

You need to be based in Melbourne since you will be working from my top secret office in Carlton North, Melbourne, Australia.

The projects include building websites, search engine optimization (SEO) and creating/implementing new systems/procedures. You’ll also be working on some new projects like:

Trading Secrets Revealed 2.0
Ultimate Trading Systems 2.0
The Online Trading Mastermind
Project X

And More…

Please understand, I’m only looking for a star performer. Do you have…

- Excellent written and verbal communication skills
- Computer literate and familiar with internet
- Excellent attention to detail
- Exceptional organizational skills
- High level of self motivation
- A strong desire to learn
- Integrity and honesty

A genuine interest in trading, internet marketing and the workings of the world wide web are a must. An understanding of html would be beneficial but not essential.

Also, before you apply, if you’re just looking for a job to put in some hours or you just want to make a little extra cash then most likely you’re not the person I’m after (i.e. No lazy people, and no one who is not committed to being the best).

If you haven’t yet found the environment/job that brings out the best in you and you want to help create something really big then you’re the type of person I’m looking for.

I have 20 part time hours with the option to go full time (at a later stage) or stay on part time (whatever suits you). This is a great opportunity for the right person. If you’d like to apply please submit your resume and cover letter immediately, I’m hiring right now. Email: illusionistpositions@gmail.com

Your Trading Coach,

David Jenyns

Ps. On a completely unrelated topic… did you watch the Aussie rules grand final? Go the Hawks!

I ended up having a few close friends over at my place. Here’s a couple of pics from the day.

Before reading this post, please put your preconceptions about Hugh Hefner and the “Playboy” brand aside. I understand there is a certain stigma attached to this brand and I don’t want it to get in the way of the lesson to be learned.

Last year I was invited to a charity event at the Playboy mansion and, as I expected, the stories about the mansion were blown out of proportion.

I saw it as a good opportunity to do some dream building and open my mind to new possibilities. Personally, I don’t support how Hugh made his fortune but I do admire the way he has lived life on his terms. Here’s a man who literally created the life he wanted to live.

As I pulled up out front of his lavish mansion in the Hollywood hills I began to imagine what it would take to achieve this kind of success? Was it just good luck? I continued to ponder this thought as a playboy bunny gave us a guided tour.

The mansion was unbelievable with a theater, swimming pools, games rooms and more. Heck, Hugh even has so many animals he’s required to hold a zoo license.

I was fascinated and as the story began to unfold it became apparent Hugh is just a regular guy like you and I. He has no magic powers, no super human abilities, no super intelligence. Despite my best efforts I didn’t find any ’secret’ to Hugh’s success.

What I did find was a renewed inspiration to achieve my own personal goals and I realised both you and I under estimate what we can achieve. Remember to dream big and then take big action, you might surprise yourself with what you can achieve.

Your business/trading philosopher,

David Jenyns

Ps. Would you like to see some more photos (like below) of the cool things I get up too? Click Here to check out my Facebook page.