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The 10-Minute Millionaire: The One Secret Anyone Can Use to Turn $2,500 into $1 Million or More

ISBN: 978-1-118-85670-3
256 pages
February 2017
The 10-Minute Millionaire: The One Secret Anyone Can Use to Turn $2,500 into $1 Million or More (1118856708) cover image

Description

America’s “Millionaires’ Club” now has 10.4 million members – the most ever, according to the latest statistics. And it’s a club you can join – much sooner than you might think, says D.R. Barton, Jr., a top trader, television analyst and former hedge fund officer. In his new book, the 10-Minute Millionaire, D.R. has distilled his decades of experience trading the markets into a system so simple that even a new investor can set it up and maintain it in increments of as little as 10 minutes.

The 10-Minute Millionaire combines goal-setting, stock-screening and trading strategies whose ultimate objective is to give you membership in that Millionaires’ Club.  The system is so simple D.R. has taught it to sixth graders, yet so powerful it can transform even a small starting stake into lifelong financial freedom – in a way that utterly destroys “buy-and-hold” investing.

Loaded with step-by-step illustrations and personal stories, the 10-Minute Millionaire takes the powerful secrets of Wall Street insiders and breaks them down into an easy-to-understand blueprint for beating the markets, day after day, week after week.

Using an easy three-step process, D.R. walks you through a repeatable and reliable way to identify the stock-market extremes that show up virtually every day. He trains you to properly frame each trade to maximize profit and minimize risk. Finally, he neutralizes the natural biases that lead most traders to financial destruction – and shows you how to book big profits from other trader’s irrational miscues.

This isn’t an algorithmic “black box.” It’s not “robo-trading.” The 10-Minute Millionaire system still requires personal involvement. It still requires commitment. But it squeezes out emotion, filters out the noise, slashes the risk, and maximizes your potential for profits – and also for meaningful wealth.

Once you learn the 10-Minute Millionaire way, it’s a system you can operate and update in tiny 10-minute increments. Before you know it, you’ll be trading better than a seasoned pro. And you’ll watch as your “assets” turn into true wealth.

And you’ll learn the most-valuable lesson of all: Becoming a millionaire doesn’t have to be an unattainable dream. Make it a goal, and pursue that goal, and before long that dream will be real.

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Table of Contents

Foreword Marc Chaikin xi

Acknowledgments xiii

Prologue xix

SECTION I IT’S TIME TO THINK LIKE A MILLIONAIRE (AKA “THE PATH TO WEALTH IS A LOT SHORTER THAN YOU THINK”) 1

Introduction The Huck Stops Here 3

Flying South 4

Force 10 from Brattonsville 5

Ten Minutes Can Change Your World 7

A Blueprint for Wealth 10

Notes 12

Chapter 1 The Critical Secret I Learned from the World’s Billionaires 13

From Castaways to Kings 14

Learning in Luxury 16

That Ticking Sound You Hear . . . 17

The Private Lives of the World’s Elite 19

The Basic Tenets of Prodigious Wealth 21

Notes 24

Chapter 2 Investing—The Ultimate Extreme Sport 25

Anatomy of an Auction Surprise 26

Those Inefficient “Efficient Markets” 29

Ghosts in the Machine 32

A Keynesian Game—Playing the Player, Not the Cards 34

Bubblicious Profits 37

Crazy Chickens 41

Rubber-Band Man 42

Bonus Chapter 2A The Millionaire’s Cheat Sheet 47

Notes 54

Chapter 3 How the “Potentate of Profits” Will Help You Get an Edge 55

Picking Your Spots 56

Great Expectations 59

Risky Business 64

A Blueprint for Winning 67

Stop the Loss/Stop the Pain 72

Another Step toward Success 75

Sizing Up Your Opportunity 77

It’s Better to Weight for an Edge Than to Wait for an Edge 80

Unconventional Wisdom 82

Intermission: A Look Back . . . and a Look Ahead 85

SECTION II FIND THE EXTREME, FRAME THE TRADE, BOOK THE PROFIT 91

Chapter 4 Running a System 93

Just Enough to Be Dangerous 95

The Tragic Tale of “Trader Tom” 97

The Systematic Investor 101

Bias Number 1: Loss Aversion Bias 104

Bias Number 2: Streak Bias 108

Bias Number 3: Results-Orientation Bias 110

Bonus Chapter 4A The Five Secrets of a Sleek Trading System 117

A Quintuplet of Benefits 119

It’s Time to Become “Truly Rich” 121

Note 122

Chapter 5 Finding Extreme Stocks 123

Part I: Fast Movers 123

Navigating Your Way 125

V Is for Volatility 128

A Measured Approach 131

Volume and Price (How Much . . . and How High) 138

Screening for Fast Movers 140

Part II: Rubber Band Stocks 143

The Trend Is Your Friend 144

Momentum and the RSI 148

Putting It All Together 150

Shortcut Tip 151

Chapter 6 Framing the Trade 153

When You Fail to Plan . . . 154

A Contingency Plan to Revere 157

The Agony of Defeat 161

Separating Winners from Losers 163

I Wanna Hold Your Hand 164

Downside Protection 166

Sizing Up the Opportunity 171

Ready to Roll 173

Chapter 7 Book the Profits 177

Catching Your Fair Share 179

Sell Signal 181

Trailing Stops 183

Intermission: What You Can Do with What You Have Learned 187

SECTION III PUTTING IT ALL TOGETHER 191

Chapter 8 Your First Step . . . Toward Your First Million 193

Sampling the System 195

Cleared for Take-off 196

Drug Enforcement 203

Game On 209

Epilogue It’s “Self-Improvement” . . . Not “Shelf Improvement” 215

Appendix The 10-Minute Millionaire’s Trading Worksheet 219

Glossary 221

Index 227

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Author Information

D.R. BARTON, JR., is cofounder of the Directional Research and Trading Hedge Fund Group where he served for 15 years as COO. A financial author, lecturer, and coach, he holds the national spotlight as a leading expert on system designs for risk reduction. A regular TV analyst on Fox Business and CNBC, Barton is also coauthor of The New York Times and Wall Street Journal best-selling book Safe Strategies for Financial Freedom. He's currently the editor of the Stealth Profits Trader and is chief technical strategist for Money Map Press LLC.

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