Comments on: Saturday Success Story – Roy, Idaho http://club.ino.com/trading/2009/12/saturday-success-story-roy-idaho/ Expert Charts, Trading Tips and Technical Analysis from INO.com Thu, 09 Feb 2012 18:43:39 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: lindsay http://club.ino.com/trading/2009/12/saturday-success-story-roy-idaho/comment-page-1/#comment-78017 lindsay Tue, 19 Jan 2010 15:24:48 +0000 http://club.ino.com:80/trading/?p=1379#comment-78017 Hi Marci, Right now our Trade Triangles are not developed to support day traders. I have heard of members using the daily Trade Triangle to determine trend direction, and then they use a general technical analysis indictor like the MACD to match hourly, 30-minute or 10-minute trend direction. We are working on real-time stock quotes and will consider re-working the algorithms to better support intra-day traders. It's not a guarantee, but a consider at this point. If you have any other questions please contact our Support Team by calling 1-800-538-7424 or by emailing support@ino.com. Best Wishes, Lindsay Thompson Director of New Business Development INO.com & MarketClub Hi Marci,

Right now our Trade Triangles are not developed to support day traders. I have heard of members using the daily Trade Triangle to determine trend direction, and then they use a general technical analysis indictor like the MACD to match hourly, 30-minute or 10-minute trend direction. We are working on real-time stock quotes and will consider re-working the algorithms to better support intra-day traders. It’s not a guarantee, but a consider at this point.

If you have any other questions please contact our Support Team by calling 1-800-538-7424 or by emailing support@ino.com.

Best Wishes,

Lindsay Thompson
Director of New Business Development
INO.com & MarketClub

]]> By: Marci http://club.ino.com/trading/2009/12/saturday-success-story-roy-idaho/comment-page-1/#comment-78009 Marci Tue, 19 Jan 2010 00:25:03 +0000 http://club.ino.com:80/trading/?p=1379#comment-78009 Quick question. I am very new to trading and have found your blogs and videos very helpful. My question is can you use your system (trading triangles) for intra day trading I do mostly scalps? Thanks so much! Marci Quick question. I am very new to trading and have found your blogs and videos very helpful. My question is can you use your system (trading triangles) for intra day trading I do mostly scalps?
Thanks so much!
Marci

]]> By: lindsay http://club.ino.com/trading/2009/12/saturday-success-story-roy-idaho/comment-page-1/#comment-76535 lindsay Mon, 07 Dec 2009 14:13:08 +0000 http://club.ino.com:80/trading/?p=1379#comment-76535 Iho, Unfortunately we can't recommend specific brokers, however I can pass along some links of brokerage companies which we've worked with on a business to business level. </SPAN> <P> <TABLE WIDTH="100%" BORDER=0 CELLPADDING=0 CELLSPACING=1 BGCOLOR="#999999"><TR><TD> <TABLE BGCOLOR="#003366" BORDER=0 CELLPADDING=0 CELLSPACING=0 WIDTH="100%"><TR><TD CLASS="browsehead" HEIGHT=19 NOWRAP><B> <FONT COLOR="#F0F0DF">Brokers</FONT> </B></TD></TR></TABLE> <TABLE BORDER=0 CELLPADDING=0 CELLSPACING=0 WIDTH="100%"> <TR VALIGN=TOP NOWRAP><TD CLASS="norm" BGCOLOR="#999999" WIDTH="100%"> <TABLE BGCOLOR="#FFFFCC" BORDER=0 CELLPADDING="2" CELLSPACING=0 WIDTH="100%"> <TR><TD BGCOLOR="#FAFAE5" VALIGN="TOP" CLASS="small"> <TABLE CELLPADDING=2 CELLSPACING=0 BORDER=0 CLASS="small"><TR><TD><a HREF="http://broadcast.ino.com/redirect/?linkid=17&type=broker" ALT="http://www.expressfutures.com/" rel="nofollow">EXPRESS FUTURES</A></TD> <TD><a HREF="http://broadcast.ino.com/redirect/?linkid=24&type=broker" ALT="http://www.gcitrading.com/" rel="nofollow">GCI Financial</A></TD> </TR> <TR><TD><a HREF="http://www.unitedfutures.com/" ALT="http://www.unitedfutures.com/" rel="nofollow">United Futures Trading</A></TD> <TD><a HREF="http://broadcast.ino.com/redirect/?linkid=690&type=broker" ALT="http://clk.atdmt.com/FXM/go/ncmxmeng0040000860fxm/direct/01/" rel="nofollow">FXCM</A></TD> </TR> <TR><TD><a HREF="http://broadcast.ino.com/redirect/?linkid=750&type=broker" ALT="http://www.danielstrading.com?refid=120b" rel="nofollow">Daniels Trading</A></TD> <TD><a HREF="http://broadcast.ino.com/redirect/?linkid=767&type=broker" ALT="http://altfarm.mediaplex.com/ad/ck/10601-61516-17961-0 " rel="nofollow">MF GLOBAL</A></TD> </TR> <TR><TD><a HREF="http://broadcast.ino.com/redirect/?linkid=1053&type=broker" ALT="http://ad.adlegend.com/click?spacedesc=2011738_1098560_1x1_1115703_2011738" rel="nofollow">TradeStation Securities</A></TD> <TD><a HREF="http://broadcast.ino.com/redirect/?linkid=1057&type=broker" ALT="http://clk.atdmt.com/GAN/go/167473948/direct/01/" rel="nofollow">CMS FOREX</A></TD> </TR> <TR><TD><a HREF="http://broadcast.ino.com/redirect/?linkid=1072&type=broker" ALT="http://www.FXOpen.com " rel="nofollow">FXOpen MT4 ECN</A></TD> <TD><a HREF="http://broadcast.ino.com/redirect/?linkid=1093&type=broker" ALT="http://ad.doubleclick.net/clk;218375978;40056858;z" rel="nofollow">FOREX.com</A></TD> </TR> <TR><TD><a HREF="http://broadcast.ino.com/redirect/?linkid=1094&type=broker" ALT="http://ad.doubleclick.net/clk;218444687;41547200;g?http://lightspeed.com/?utm_campaign=2009%2BInitiative&utm_source=INO&utm_medium=CPM&utm_content=Brand" rel="nofollow">LightSpeed Trading</A></TD> <TD><a HREF="http://broadcast.ino.com/redirect/?linkid=1096&type=broker" ALT="http://ad.uk.doubleclick.net/clk;218539302;41638201;x?http://www.dbfx.com" rel="nofollow">dbFX - Deutsche Bank</A></TD> </TR> <TR><TD><a HREF="http://broadcast.ino.com/redirect/?linkid=1125&type=broker" ALT="http://clk.atdmt.com/00G/go/181471849/direct/01/" rel="nofollow">SoGo Trade</A></TD> <IMG SRC="http://view.atdmt.com/AVE/view/147852652/direct;wi.1;hi.1/01/" ALT="" WIDTH=1 HEIGHT=1><IMG SRC="http://ad.adlegend.com/image?spacedesc=2011738_1098560_1x1_1115703_2011738" WIDTH=1 HEIGHT=1 ALT=""><IMG SRC="http://view.atdmt.com/GAN/view/167473948/direct/01/" ALT="" WIDTH=1 HEIGHT=1></TABLE> I hope this will give you a little bit of help. Best, Lindsay Thompson Director of New Business Development INO.com & MarketClub Iho,

Unfortunately we can’t recommend specific brokers, however I can pass along some links of brokerage companies which we’ve worked with on a business to business level.

 Brokers 

EXPRESS FUTURES GCI Financial
United Futures Trading FXCM
Daniels Trading MF GLOBAL
TradeStation Securities CMS FOREX
FXOpen MT4 ECN FOREX.com
LightSpeed Trading dbFX – Deutsche Bank
SoGo Trade

I hope this will give you a little bit of help.

Best,

Lindsay Thompson
Director of New Business Development
INO.com & MarketClub
]]> By: iho http://club.ino.com/trading/2009/12/saturday-success-story-roy-idaho/comment-page-1/#comment-76519 iho Mon, 07 Dec 2009 05:18:52 +0000 http://club.ino.com:80/trading/?p=1379#comment-76519 Dear Adam and dear gentleman-clients of this web, I so appreciate your videos, they are so helpful. May I ask you a favour? I need your help. Would you be so kind to give some information about reliable broker company or to work directly with ECN where they will not hunt for my stops and will not lock my excess to my account. It would be so helpful... Thank you so much. Looking forward. Iho Dear Adam and dear gentleman-clients of this web,

I so appreciate your videos, they are so helpful.
May I ask you a favour? I need your help.
Would you be so kind to give some information about reliable broker company or to work directly with ECN where they will not hunt for my stops and will not lock my excess to my account.
It would be so helpful…
Thank you so much.
Looking forward.
Iho

]]> By: Rob http://club.ino.com/trading/2009/12/saturday-success-story-roy-idaho/comment-page-1/#comment-76491 Rob Sun, 06 Dec 2009 23:31:05 +0000 http://club.ino.com:80/trading/?p=1379#comment-76491 Now that's what I call A beer! Reminds me of the Oktoberfest. Sorry got carried away....congrats on your investing achievements Roy. All the best Rob Now that’s what I call A beer! Reminds me of the Oktoberfest.

Sorry got carried away….congrats on your investing achievements Roy.

All the best

Rob

]]> By: Sunco http://club.ino.com/trading/2009/12/saturday-success-story-roy-idaho/comment-page-1/#comment-76395 Sunco Sat, 05 Dec 2009 22:51:31 +0000 http://club.ino.com:80/trading/?p=1379#comment-76395 I forgot to mention that the "should have .... could have" syndrome is the down fall of most equity traders. I forgot to mention that the “should have …. could have” syndrome is the down fall of most equity traders.

]]> By: Sunco http://club.ino.com/trading/2009/12/saturday-success-story-roy-idaho/comment-page-1/#comment-76392 Sunco Sat, 05 Dec 2009 22:47:02 +0000 http://club.ino.com:80/trading/?p=1379#comment-76392 Roy, its great to hear you are doing so well. I agree with Pete. I too had this emotional panic to sell when the stock dropped a bit, since I use options the loses can be mind blowing for a minor pullback. You will need to develop a confidence that the trade triangles will let you know when a trend has changed. You must remember however that the triangles are a marker of "history", they are not predictive. They will not get you out at the top or in at the bottom. The triangles only appear after the move has been confirmed usually 2 to 5 days. As you work with the triangles for a while you will be able to predict their appearance. I of course assume you are using a proper money management formula to determine the size of each trade. Roy, its great to hear you are doing so well. I agree with Pete. I too had this emotional panic to sell when the stock dropped a bit, since I use options the loses can be mind blowing for a minor pullback. You will need to develop a confidence that the trade triangles will let you know when a trend has changed. You must remember however that the triangles are a marker of “history”, they are not predictive. They will not get you out at the top or in at the bottom. The triangles only appear after the move has been confirmed usually 2 to 5 days. As you work with the triangles for a while you will be able to predict their appearance. I of course assume you are using a proper money management formula to determine the size of each trade.

]]> By: Larry http://club.ino.com/trading/2009/12/saturday-success-story-roy-idaho/comment-page-1/#comment-76374 Larry Sat, 05 Dec 2009 18:23:20 +0000 http://club.ino.com:80/trading/?p=1379#comment-76374 Way to go Roy! "I could have made more money had I stayed with my picks instead of chickening out when some of them dipped below a 8% level cut-out; had I stayed I would have made a really really lot of money." Sounds like your doing fine. The only thing I would suggest is to get the thought of closing out your positions as "chickening out" out of your mind. What you did by selling at your "8% level cut-out", was to follow your pre-determined trading rules. That's exactly what you should be doing if you want to be successful at trading. The next time you close out a position because one of your exit strategy rules were triggered and then the stock reverses and continues higher, make sure you congratulate yourself to sticking to your plan. That's no chicken in my mind. In fact, I would say just the opposite is true- someone who doesn't close out their position when their exit signal is triggered could be considered a chicken. Way to go Roy!

“I could have made more money had I stayed with my picks instead of chickening out when some of them dipped below a 8% level cut-out; had I stayed I would have made a really really lot of money.”

Sounds like your doing fine. The only thing I would suggest is to get the thought of closing out your positions as “chickening out” out of your mind. What you did by selling at your “8% level cut-out”, was to follow your pre-determined trading rules. That’s exactly what you should be doing if you want to be successful at trading.

The next time you close out a position because one of your exit strategy rules were triggered and then the stock reverses and continues higher, make sure you congratulate yourself to sticking to your plan. That’s no chicken in my mind. In fact, I would say just the opposite is true- someone who doesn’t close out their position when their exit signal is triggered could be considered a chicken.

]]> By: Pete http://club.ino.com/trading/2009/12/saturday-success-story-roy-idaho/comment-page-1/#comment-76363 Pete Sat, 05 Dec 2009 15:46:14 +0000 http://club.ino.com:80/trading/?p=1379#comment-76363 "I chickened out and sold; had I stayed the stock went back up quite significantly. I stumbled with several stocks as they dipped; had I stayed these too would have been great winners." These are the sort of comments that everyone should learn from. It is all about money management. You had no idea what the stock was going to do. You should have gone in to your trade with a plan and you get out at the loss you are willing to accept and you get out at the win you are willing to accept. Hindsight could make us all winners. You are sure to lose all your money if you continue to validate in your mind second guessing of your trading strategy. Plan your trade, trade your plan. In the end, you can be a winner. “I chickened out and sold; had I stayed the stock went back up quite significantly. I stumbled with several stocks as they dipped; had I stayed these too would have been great winners.”

These are the sort of comments that everyone should learn from. It is all about money management. You had no idea what the stock was going to do. You should have gone in to your trade with a plan and you get out at the loss you are willing to accept and you get out at the win you are willing to accept. Hindsight could make us all winners. You are sure to lose all your money if you continue to validate in your mind second guessing of your trading strategy. Plan your trade, trade your plan. In the end, you can be a winner.

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