Welcome to RightWayTrader!
Investing and Trading Tools for Individual Investors
Our name pays homage to those rare individuals in the casinos of the world known
as "right way bettors." Right way bettors understand that they are playing
a game of chance and that their job is to put the odds of winning in their favor.
Right way bettors understand that entertainment is not the goal of speculation.
Right way bettors understand that all of the flashing lights, free drinks and scantily
clad cocktail waitresses are there to lure them into making impulsive decisions
that will ultimately part a fool and his money.
While we understand that there are differences between Wall Street and “The
Strip”, we think that it’s important for investors and traders to not
overlook the similarities.
Successful investing and trading is a game of odds. It involves speculation –
taking on risk in the hope of greater returns. You’ve got to know your risk
and address it squarely.
Successful investing requires keeping your head when those around you are losing
At Right Way Trader, we keep it simple. Our goal is to help you keep it simple too
by providing powerful but easy to use tools that are founded on time-tested principles
of successful investing and trading.
In a storm, you don’t want to be asking yourself which lifeboat you should
jump into. You need to have a plan in advance. It’s the same with investing
and trading. The real money is made or lost in moments of crisis. You need to know
what you’re doing before those moments arrive. We’re here to help.
Meet the founder
While many people contribute to the quality and the success of Right Way Trader,
our founder, Dr. Richard M. Smith, is responsible for our vision and product development.
Since completing his PhD in mathematical systems theory, Dr. Smith has applied his
research skills in the private sector to a variety of problems. The common thread
to all of Dr. Smith’s work is providing simple solutions to complex problems.
Recently, Dr. Smith has brought his passion for making the complex simple to the
financial markets. As an investor and trader himself, coupled with his background
in mathematical theories of uncertainty, Dr. Smith has an acute sense of the critical
role that risk and money management play in successfully navigating the financial
markets. According to Dr. Smith, “As individual investors we are constantly
wedding ourselves to our positions and interpreting our successes and our failures
as being a reflection on our own intelligence or lack thereof. This is a recipe
for disaster. What we have to understand is that success in the financial markets
is a matter of probabilities. Any one position can succeed or fail in spite of our
most valiant due-diligence efforts. We have to learn to think about our investments
in a more holistic way – one that has a plan of action for both success and
failure and that controls risk accordingly.”