Prepare now for ‘08 and reap the rewards next year
This trading year is rapidly winding down and will soon go
into the history trading books. With less than a dozen
trading days left in the year, many traders are turning
their thoughts and attention to preparing for ‘08.
Are you prepared for ‘08?
There are going to be some phenomenal trading opportunities
next year, and those opportunities and profits are going to
go to the well prepared trader.
What is a well prepared trader?
A well prepared trader, has a game plan. A well prepared
trader, accepts losses and knows that it is part of the
business. A well prepared trader is disciplined.
I have just finished two videos that can help you prepare
for ‘08.
First video:
The boy scout motto is “be prepared”.
It is a success motto every trader should have in their
arsenal of trading tools.
Have a great trading week, and an even better ‘08.
Adam Hewison
President of INO.com
Adam Hewison is a former floor trader and past member of
several major exchanges, including the International
Monetary Market (IMM) a division of the Chicago Mercantile
Exchange in Chicago, Index and Options Market(IOM) Chicago,
New York Futures Exchange (NYFE) and The London Financial
Futures Exchange (LIFFE). Adam is the author of “Right on
the Money, The Definitive Guide to Forecasting Foreign
Exchange Rates” and numerous other financial ebooks and web
movies. His latest project, MarketClub is a new web site
dedicated to catching big moves in the markets using Adam’s
“Trade Triangle” approach.
Two Top Trades for Today
Today’s Top Buy
Buy CONOCOPHILLIPS (NYSE:COP) +100
Based on MarketClub’s Smart Scan Analysis (SSA) a strong uptrend is in place for CONOCO PHILLIPS. On the basis of this analysis we recommend trading CONOCO PHILLIPS from the long side on any pullbacks. As with any trade or investment, money management stops should be used at all times to protect capital. At the moment, market conditions are positive for CONOCO PHILLIPS, and the current upward trend is being supported by strong insider buying. Based on current analysis we expect to see CONOCO PHILLIPS move higher in the near future.
CONOCO PHILLIPS scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend. There is no guarantee of future performance.
Today’s Top Short
Short PROSHARES ULTRA-SHORT QQQ (AMEX: QID) -100
Based on MarketClub’s Smart Scan Analysis (SSA) a strong downtrend is in place for PROSHARES ULTRA-SHORT QQQ. On the basis of this analysis we recommend trading PROSHARES ULTRA-SHORT QQQ from the short side on any rally. As with any trade or investment, money management stops should be used at all times to protect capital. At the moment, market conditions are negative for PROSHARES ULTRA-SHORT QQQ, and the current downward trend is being driven by strong insider selling. Based on market conditions, we expect to see PROSHARES ULTRA-SHORT QQQ remain on the defensive in the future.
PROSHARES ULTRA-SHORT QQQ scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend) There is no guarantee of future performance.
