October Trader’s Blog Contest Winner
There were 79 eligible entries for the October Trader’s Blog Contest. Thank you for everyone who participated. I think that sharing your views of the market and certain specific aspects are a great help for
all traders.
The lucky winner of 6 seminars from our INO TV digital library was comment number 66, Ray from the United States who said, “I like the candlestick formation and what they can tell me about the buyers and sellers as well as whether we are in an oversold area or not.”
Congrats Ray, your discs will be shipped out today. Don’t forget to enter our November Trader’s Blog Contest sponsored by INO TV, where the question is, “What is your worst broker experience, if any?”
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Best,
The INO TV Team
Trader’s Blog Contest For November
Isn’t it hard to sit back and let someone else manage your money? If you are going take a loss wouldn’t you rather it be your fault opposed to your broker?
Have you had an experience where you were talked into a overpriced mutual fund, paid an over inflated commission fee or been caught in a “churning cycle” where your broker is cashing in commission on pointless trades? What was your worst experience with a money manager or full service broker? I’m sure we have plenty of horror stories, so why not vent, share and win.
So the question is…
“What is your worst broker experience?”
Prize
Winner will receive 6 workshops on trader psychology from our authors in INO TV. These MP3s and digital PDF workbooks will be mailed to you courtesy of INO TV.
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Slump Busting Techniques -Linda Raschke |
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How You Can Be Right When The Crowd Losses – Jake Bernstien |
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New Samuri Secrets for Trading: Motivation & Focus – Richard McCall |
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The Wyckoff Method – Using Principals of Mass Psychology – Hank Pruden |
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Developing the Psychological Edge to Maximize Your Trading – Robin Dayne |
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The Dynamics of a Trader’s Mindset – Mark Douglas |
How To Enter:
Comment on this post telling us about your worst broker experience. There are no wrong answers. We just want to you to share your thoughts and stories with our other visitors.
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Rules
1. This contest is open until 11:59 PM on November 30th.
2. No wrong answers, any participation counts as an entry.
3. One entry per email address.
4. Winner will be picked by random integer software.
5. Winner will be contacted on Monday, December 1st via email.
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Good luck!
One Last Day For The October Contest…
If you haven’t entered Trader’s Blog contest for October, you only have until the stroke of midnight on Alls Hallow’s Eve to enter. It couldn’t be any easier… just click the INO TV and Trader’s Blog October Contest link that is sitting on the right hand side of your screen. Click the comment link and just answer the question,
“Besides MarketClub’s ‘Trade Triangles,’ what is your favorite technical analysis indicator?”
It just takes a second and there are no wrong answers, just differences of opinions. I will be using an random integer generator to pick a winner who will receive 6 free DVD/Audios from our INO TV trader’s
library. These 6 discs will cover an array of technical analysis indicators and will be shipped to you with no strings attached.
HAPPY HALLOWEEN & GOOD LUCK!
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To see the rules of the drawing, please see the original post please click the link on the right, or click here.
Trader’s Blog Contest For October
There is no one technical analysis indicator that will win 100% of the time. There is no holy grail of charting… and if there is, then someone is keeping one hell of a secret. However, technical analysis techniques can help you make educated decisions, putting the odds on your side that you are on the favorable direction of a move.
So the question is…
“Besides MarketClub’s ‘Trade Triangles’, what is your favorite technical analysis indicator?”
Prize
Winner will receive 6 workshops on technical analysis from our authors in INO TV. These MP3s and digital PDF workbooks will be mailed to you courtesy of INO TV.
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Construction & Application Of The MACD Indicator |
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The Theory of Momentum & Lane’s Stochastic - George Lane |
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The Relative Strength Index Explained - Andrew Cardwell |
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Classic Technical Analysis as a Powerful Trading Methodology - John Tirone |
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Applying Fibonacci Analysis to Price Action 1 - Joe DiNapoli |
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Applying Fibonacci Analysis to Price Action 2 - Joe DiNapoli |
How To Enter:
Comment on this post telling us what your favorite technical analysis study is and why. There are no wrong answers.
We want to you to share your thoughts and stories with our other visitors. Here are some responses from in the office to get you started:
Bob F. : I’m a fan of the MACD. I like to backtest various exponential moving average and signal settings for different markets.
Brad S. : Average True Range is one of my favorites. I don’t use this indicator for any other reason that to see activity. I can quickly see how much a stock has been moving throughout the day and leave the stagnant stocks alone.
Kenny S. : I have been trying to study up on the concepts regarding standard deviation. I’m still learning about Bollinger bands, but it’s something that is very interesting thus far.
Lindsay T. : The MACD is one of my favorites too. I use the MACD crosses to confirm the “Trade Triangle” signals. When the market is moving sideways, I don’t always follow each and every “Trade Triangle” unless I have a confirming back up.
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Rules
1. This contest is open until 11:59 PM on October 31st.
2. No wrong answers, any participation counts as an entry.
3. One entry per email address.
4. Winner will be picked by random integer software.
5. Winner will be contacted on Monday, November 3rd via email.
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Good luck!
Trader’s Blog Contest Winner…
Congratulations to Michael P. of Ontario, Canada for winning the first ever Trader’s Blog contest. You will receive your iPod touch courtesy of MarketClub.com and INO.com shortly. Thanks for everyone who participated. It was fun to read those could-a, would-a, should-a moments… now it’s time to make them happen.
We asked visitors to write about a trade that they wish they would have entered. Here is what Michael wrote:
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“One of the best Canadian stocks to play the Canadian Oil Sands is Canadian Oil Sands Trust…COS.UN on the TSX. Around October 2006, rumors started swirling around in the Canadian press that the Canadian Federal government was going to tax all the Income trusts like a corporation, thus any owner of Income trusts would pay double taxes. Well on Oct 31st..Halloween..after market close, they confirmed these rumors. When the market opened on Nov. 1st, COS.UN plunged to a low of $24.32, over 20% in one day. It scared everybody including me because I owned 1300 units. I wish I had taken the contrary view that day and bought more. I would have realized a gain of over 100% in a little over a year, not to mention the 50% increase in the dividend payout since that time!!!”
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We plan to have many more contests, so stayed tuned and keep interacting with us and again congrats to Michael.
Wasn’t gold supposed to hit $2,000 an ounce?
To many it is quite surprising that gold is getting closer to $700 an ounce rather than the $2,000 many were calling for. When gold was trading at the $1,000 level many people were expecting this market to zoom to $2,000 an ounce.
When we first suggested that gold had actually given us a sell signal we received numerous e-mails, many of which were not flattering and some were just downright ugly. “How could you short gold are you an imbecile” and that was one of the nicer emails.
Emails aside, to trade successfully in any market you must listen to the market. This is the one true voice that tells you what is going on.
During my career in the commodity markets, I have heard many stories, some of which were fabricated and some of which are true, but either have little or no bearing on the market itself. The very best indicator of all is to follow the price action which tells you when the insiders are selling or buying. In the commodity markets you have insiders who actually produce a commodity or the actual end-user of that commodity. Everything else is speculation. These insiders have extensive networks of global information that they plug-in to their hedging models. They also have extensive experiences and know what it’s like to be in the trading trenches of any market.
Take a few minutes and look at the short video I just produced to show you exactly what I mean and how the patterns are different this time in gold and why it may have still further to fall.
Every success in the markets and in life,
Adam Hewison
President, INO.com
Co-Creator of MarketClub.com
TRADERS CONTEST: Do you have a good trading story? First prize is an Apple iTouch! Enter your story here. There is no entry fee.
Trader’s Blog First Ever CONTEST!
We’ve all been there….looking at a chart a year later and saying to ourselves “WHY, OH WHY, didn’t I just pull the trigger!?!?!” The chart shows us the sad truth that if only we would have gotten long, we would have had 500% returns, an island in Fiji, and 6 cars!
But we didn’t…
We here at The Trader’s Blog, would like to know what trade would have been your best…if only you would have taken it? Did you see something special in Google at 100.00 in 2004? Was Spot Gold primed at 256 in 2001? What made you stay out of Wheat around the 500.00 mark? Whatever your story we want to hear about it!
We’ll be giving away an Apple iTouch!
How you enter:
Comment today and tell us what that trade would have been…and what you would have bought with the returns!! Here are some trades that we in the office wished we would have done:
Bob F. “I wish I would have gotten long USO February of 2007, when Crude just started to move!”
Brad S. “Playing the AMEX_SKF which is an ultra short financial ETF around April when Bear’s crashed.”
Lindsay T. “Shorted NASDAQ_TRMP on our last monthly Trade Triangle at 16.51 in January of this year…that would have been huge!”
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Here are the details:
1. This contest open for 2 WEEKS!
2. Winner will be picked randomly by software to remove human errors.
3. One entry per person!
4. Winner will be contacted via email.
5. No wrong answers, participation counts as an entry.
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iTouch and Apple are a registered trademark of Apple, Inc. All rights reserved. INO.com is not partner with Apple for this contest and do not hold any type of partnership.
Happy Labor Day … contest begins tomorrow
WATCH THIS SPACE
Check here on Tuesday the 2nd of September for contest details
Blog readers get it right, time and time again.
Announcing the next president of the United States of America …
Our smart blog readers have voted, and the poll results are in.
Announcing the next President of the United States of America … Barack Obama.
You can agree or disagree with the results, but the votes are in, and our blog readers have an awesome track record for getting it right. Having predicted the fall in stocks, the rise in gold, 100 dollar oil and the current recession, our blog readers views are important, serious and accurate.
We congratulate all our blog readers for their views on politics and the markets. We value your feedback.
Blog readers predict that Barack Obama will be the next President of the United States of America with 37% of the vote.
Here’s what the other contestants received in votes.
McCain 30%
Clinton 13%
We will see …
Vote in our new poll. “Is gold headed for $1,000 in Q1?”
Thanks,
Adam
Volatility and 600 point swings … learn how to profit from them.
The results of our Traders Blog survey are in and 62 percent of our respondents got it exactly right when they said that they are bearish on the economy.
The other 38 percent of our respondents said that they were bullish or neutral on the economy. I hope they were able to avoid the recent collapse in the markets, otherwise it has been an expensive month for them.
The one great thing about markets, is that there are two sides to every trade. You can trade from the long side, or trade of the short side. Both sides offer you a way to make money. Why trade only half the time when you can easily trade both ways and make money.
The only thing you can count on in the markets is that they will fluctuate. Your job is to determine if the fluctuations are headed higher or lower.
Members of MarketClub can easily determine market fluctuations by using our “Trade Triangle” technology. Most member using this technology are either short stocks or out of the market. It’s safe to say that they have done very well in this downturn.
Here’s one of the realities of the marketplace. You cannot and should not follow the crowd. Unfortunately every talking head guru seems to talk about the same things at the same time as the other talking head gurus. Last summer it was global growth, remember that was going to send stocks into the stratosphere, now it’s doom and gloom. They the gurus are always the most bullish at the top, and the most bearish at the bottom. The fact is, no one knows exactly where the market is headed, except the market itself.
Here’s what I mean …
Let’s have a little reality check on some of the (former) darlings of the tech world.
Apple, After trading over the $200 a share, Apple’s magic hit the skids as it fell from grace to trade below the $130 level in just 15 days. MarketClub members exited Apple (symbol appl) at 178.60 on January 7th. Now where would you rather be with Apple, on the sidelines, our hanging on and worrying if Apple is ever going to stop going down?
Now let’s take a look at Google (symbol goog). Google was the mega star of the tech world trading close to the $750 level on November 7th. So what happened just few months later that had Google on the ropes at what seemed to be a bargain price of $519? What changed? What happened in Google to cause such a fall? What happened was that market and traders perception changed and Google was not going to take over the world, at least not just yet. MarketClub members exited Google at $652.50 on January 7th. There must be a lot of unhappy folks in the Googleplex tonight who are feeling a whole lot poorer than they did two months ago.
You cannot hold onto stocks like Apple or Google forever, these are trading stocks. We are in a new world paradigm, a new world of trading and investing that dictates that you must remain fluid at all times. The message here is you have got to time your trade entry points and more importantly you have to time your exit points on when to get out! These two fundamental position plays along with money management are the key to successful trading.
If you are not already a MarketClub member, and you are reading this blog, I strongly recommend that you check out MarketClub. You will find that MarketClub can alert you and offer unbiased opinions on practically any market that trades. It doesn’t matter if you trade in stocks, futures, precious metals or foreign exchange, MarketClub has you covered.
Billions upon billions of dollars have been needlessly lost in this market in the past three months, much of it can be directly attributed to Chairman Benanke and the lack of action by the FED. But a lot has to be attributed to the individual investor who has yet to learn when to exit a market.
We have been saying on this blog for quite some time that Chairman Ben Bernanke is not the right man to lead the economy or the Federal Reserve. What we need is someone much stronger and someone who is in touch with reality.
The person who comes to mind is Paul Volker who was chairman of the FED in the early ’80s. The markets knew where they stood with Volker and he was no namby pamby like Bernanke. He made decisions and the markets respected him and knew what to expect from him. They have no idea what to expect with Bernanke and that’s why the markets are volatile.
Todays FED is clueless.
What strikes us as stunning is the fact that there was no coordinated cut in interest rates with any of the other central banks. It seems that the FED was just winging it on Monday night when it made the decision to cut the federal funds rate by .75 basis points.
This lack of a coordinated effort among the central banks tells me that the FED and Bernanke are in an ivory tower, isolated from the real world and the markets.
For future reference we expect to see the federal funds rate to evaporate down to the 2-2.5 level in the next twelve months.
Today’s bounce in the stock market from the previous low was encouraging, but it is just a bounce. All our indicators remain negative on the stock market.
Remember one day does not make a new trend.
Once in the game of trading, you must have a game plan if you are going to be successful. If you are just trading on emotion, eventually you will lose, it’s that simple.
At INO.com we supply traders around the world with tools they can use in the real market to become more successful. Our latest educational tool is INO TV, and our other global trading tool that used around the world and one we highly recommend is MarketClub.
Both of these products are affordable and will help you save and make money in the future.
I have included several videos in this blog that depending on which market you trade you can watch directly on your computer. No registration required.
The MarketClub approach performs extremely well in any market environment. Don’t allow the FED to kill your retirement nest egg or trading capital. Listen to what the market action is telling you, that’s the only way to make decisions based on facts and not fantasy promises.
This is Adam Hewison wishing you every success in the marketplace and in the future.
Adam Hewison
President, INO.com.
