If you haven’t gotten in on the Trader’s Blog August contest, you still have time.
You still have time to enter the Trader’s Blog contest where we asked, “Do you think the recession is easing, or is there another downturn in sight?” If you’ve already put in your response then check back tomorrow for the winner, but if you haven’t you only have a few hours left.
Click To Enter Trader’s Blog Contest for August
Best,
Lindsay Thompson & The MarketClub Team
Grandma was right and one heck of a trader
Did you ever have your grandmother tell you not to put all of your eggs in one basket?
Well it turns out grandma was right. Grandma, knew a great deal about the power of diversification and how it reduces risk both in business and in trading.
Why Are We Such Suckers For Prediction?
It doesn’t matter what news source is your “go to” they tons of insane, and often, wrong market analysis…so why do we still watch? In this article Charles Maley from ViewPointsofaCommodityTrader.com takes a stab at digging into our psyche…enjoy the article!
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I keep CNBC on all day while I work. Perhaps I think I will miss something, or maybe it’s the background noise that’s appealing. In any event, what I always find amazing is the parade of experts making one prediction after another. I think I would fall out of my chair if I heard one of them say “Well, to tell you the truth Mark, I have no idea”.
Read more
Saturday Success Story - Jim, California
At MarketClub, our mission is to help you become a better trader. Our passion is creating superior trading tools to help you achieve your goals—no matter which way the markets move—we promise objective and unbiased recommendations not available from brokers.
Here’s great news from a member…
“I have been very a satisfied member since day 1, and am particularly impressed with the array of market tools which are provided with the membership. Just one recent example of success using my favorite market tool was purchasing True Religion Apparel based on a buy monthly triangle signal. Within one week, the stock had increased 25%, resulting in over a $2,200 gain. This easily covered my yearly membership fee.
On another matter, I had a technical issue with accessing the new enhanced charting program, and your customer service was prompt and professional with providing a solution to my problem.
I hope to be with MarketClub for many years in the future.” ~ Jim B., California
To send your own success story, please email blog@ino.com. We wish all of our members the best and we look forward to hearing your success story.
Characteristics of Successful Traders
Yesterday Norman brought us a guest blog post that I think most everyone that read it enjoyed (re-read here) and I’ve asked him back to teach us a little about the mental aspect of being a successful trader. We know it’s more then just picking winners, but Norman also lays out 7 other crucial steps that you should follow. Also his 71 page ebook has been read by over 25,000 traders just like you, and you don’t want to be the only one without his free teachings. Grab his 71 page ebook, enjoy the article, and comment, THANKS!
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Many investors take actions that aren’t in their best self-interest. They make irrational trades; they trade based on emotion, rather than logic; they hold on to a losing position due to their unwillingness to admit they made a bad trade; they trade based on greed or panic… the list is endless.
Successful traders, on the other hand, all have a few things in common. Developing these characteristics and habits will help make you a successful trader.
1) Successful Traders Set Goals
Systemic Risk and the VIX
As many of you know we here at INO are huge Norman Hallett fans. He’s been a featured guest blogger here many times (see previous posts) and today I asked him to give us an exclusive preview to his new book, “Taming Risk - A trader’s guide”. His post below covers Systemic Risk and the VIX. This information is extremely helpful so be sure and read on! Also for the next day or two only, he’s allowing complimentary downloads of the complete book. I have read the ebook (2 days ago actually) and I can honestly say you WILL learn something that you didn’t know before about risk and money management. So enjoy Norman’s kindness and enjoy the special INO members only message where you can download the full book! Oh yeah comment…he wants to hear from you.
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Good Morning Trader’s Blog readers!
Sentiment is emotion. In regards to how the entire investing public feels about the market can be measured in many ways and the market indices are good general objective measures of how investors and traders feel about the systematic risk in the markets.
One of the more popular measures of sentiment and systemic risk is the VIX…
Reverse Your Thinking and You’ll See Markets More Clearly
Geoff Bysshe has been using volume analysis to find the best trading opportunities for 20 years. His experience as a floor trader, hedge fund manager, independent equity trader, and co-founder of MarketGauge, has taught him to make volume a focus in his trading.
I asked Geoff to put together a video presentation for us touching on what he calls “Volume Shortcuts” in which he demonstrates a whole new perspective on finding and defining trading opportunities. He explains…
Most traders look for price patterns to define trading opportunities. More experienced traders will add volume analysis to their patterns to enhance the quality of the trade set-up.
This process generally involves finding price action that meets certain criteria and then looking for the volume to “confirm” the price pattern. This is a time tested method of trading, but…
It is incredibly powerful to do the reverse – let volume patterns define your trading opportunities.
Watch this video to see what he means. It’s 100% free and packs a TON of info into 13 minutes.
Enjoy the video and please comment below with your thoughts or opinions.
Cheers,
Brad Stafford
How to become a better trader
Imagine not having access to any financial news stories. The only information you have about the market is the market itself.
Would you be a better trader or a less successful trader?
I think you would be a better trader. I have often said that the market is the best news provider in the world. It’s up the minute and it reflects both domestic and international issues. The success of our “Trade Triangle” technology is based upon market action.
In my new short video, I’ll take a big look at the S&P 500 market and where I expect it will head in the months to come.
We all need to be prepared for what lies ahead, and this video is worth watching for that very reason.
There is no need to register for this video and you can watch it with my compliments. Enjoy and don’t forget to leave your feedback as a comment on our blog.
All the best,
Adam Hewison
President, INO.com
Co-Creator, MarketClub
Using Moving Averages Strategically for Day Trading
This article was written just for us by Marc Nicolas from Tradingemini.com and it covers the importance of moving averages in day trading. It’s a pretty interesting article for all day traders, and if you’re interested in trading the e-mini in real-time should check out Marc’s site today! All comments and questions are welcome.
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By using moving averages as dynamic support and resistance you will equip yourself with a very powerful tool to prepare before the market opens and provide yourself with a blueprint to catch the major moves in the first couple of hours trading before the market becomes choppy over lunchtime - being prepared means you take high probability, strategic trades, rather than reacting emotionally to minor market moves.
The basic technique is to use a synergy of the same period length Exponential Moving Averages (EMAs) across multiple long time frames, for instance, Weekly, Daily and 60 minute charts (on a 24 hour basis).
A quick postcard from Maine.
Well the good news is that hurricane Bill missed Maine and the rest of the Eastern seaboard this past weekend. Too close for my liking. Huge surf and lots and lots of rain was the order of the day.
I thought you would like to see a picture of my father-in-law, Retired Admiral Harold Rich. We don’t use his formal title up here, but I thought you might notice his hat. You see, Harry loves to wear hats and I thought he would enjoy one of our new MarketClub hats.
It was Harry who came up with the phrase “To small to succeed “ that I recently used in a blog posting. So that’s one of the reasons why Harry is modeling his new MarketClub hat, the other is that he looks darn good in one.
Just to keep you all up-to-date, the MarketClub team is working hard on a special project that I believe will greatly benefit all MarketClub members. We will be making an announcement soon.
It is not all fun in the sun up here in Maine, I am actually thinking and working on how we can make MarketClub even better. We have some big improvements coming your way so stay tuned.
All the best,
Adam
P.S. I think there is something in the works next month to include some good looking hats and shirts in a contest. So stay tuned to the blog as I am not privy to all the details on that one.
