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Robert Desmond » Profile

My name is Robert Desmond. I live in New York and I have been trading stocks for more then 19 years. I opened my first trading account with Charles Schwab.

My first trade was 75 shares of LOJN. I was then approached by a full service broker or as he called himself a "Financial Consultant." His firm is a well known Fortune 500 company. He called me one day suggesting I purchase some DT. I new nothing of the company but authorized him to make the buy. The following day his firm publicly downgraded the stock. From that point on I decided to learn the business of trading. I began reading the Wall Street Journal and books about the stock market as well as books on trading stocks and stock options. I read many books on the trading of stocks and equity options. But the book that really changed my life was a book I read called Reminiscences of a Stock Operator. This is my bible.

I have made a very good living by using my own Contrarian Trading System (www.TheContrarianTrader.com). I keep it simple and I beat the Wall Street crooks at their own game. And as a subscriber you will have instant access to every trade that I make along with buy and sell targets. I post when I have executed a trade and at what price.

I always use a trailing stop loss order so please don't take a large hit and wait to recover. Take your losses when they are small and "live to play another day". This is not a day trading system, I am a short to intermediate term trader, I'll post on average 10 trades per month.

The stock market is like any other market, every once in a while the market will throw a sale. That is why

you will note that most of my long trades will be made on down days and my shorts executed on up days. I go the opposite direction of the prevailing sentiment.

Visit his site: www.TheContrarianTrader.com
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