How we exited our losing postions
During our "On the Line" real-time trading challenge we exited two losing positions.
Key lesson here is, get rid of your losing trades and let you winners ride.
Our "Trade the Triangle" concept is graphically illustrated and displays what thousands of MarketClub members witnessed on their computers this past week.
I hope this helps.
We elected not to junk up anyones email boxes with sending out stops every day on 5 positions that change once a day. Our stops are clarified on the MarketClub site
Look at both charts and you will quickly see the RED TRIANGLES, the DATES and PRICES we exited these positions.
Don't hesitate to call us if you have questions.
Here is our toll free number: 1-800-CLUB-INFO.
Every success with MarketClub.
This is a candlestick chart of the August Mini Natural Gas contract.
This next candlestick chart shows our Forex trade.
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4 Comments »
May 25, 2007
PAL :
Although I subscribed to your service a long time ago this was first time I took action only with the stocks and I am happy with the results. JUST TELL ME HOW TO PUT STOPS> I do not watch stocks during day time. Triangle come during market time and after market closes Thanks PAL RACHHPAL KUKREJA
Dear Pal,
Below is a sample of MP3s from the Trade School which I am sure you've seen. These seminars on money management may be a good source for your own studies. I would suggest using the below resource and further research to come up with your own management and stop style.
Thanks,
Lindsay
May 26, 2007
Robert Kimera :
This is a very nice setup. It teaches me how to trade like the pros. I am thinking a lot about joining MarketClub.
Keep up the good work.
Robert Kimera
May 29, 2007
One week later, did we make or lose money? | MarketClub Traders Blog (Pingback)
[…] and we are using $19,912.25 to margin and pay for our positions. We have in reserve $5,087.75. See how we did here - Results Filed under Blog by […]
June 1, 2007
saleem :
hallo, I just want to know about the software.Does it cover following symbols.these are future (CME) 1.GCQ7 2.SIN7 3.CLN7 4.6CM7 Thanks
Saleem,
We cover over 230,000 symbols for the US and Canadian Exchanges. We do have the August 2007 Gold (nymex.gc.q07), the July 2007 Silver (nymex.si.n07), the July 2007 Crude Oil (cl.n07), and the June 2007 Canadian $ (cme.6c.m07.e). Below is a link for a video explaining out method for interpreting futures charts and the triangle signals.
http://broadcast.ino.com/lessons/tips/futures/?lt
Enjoy, if you have any questions please feel free to call me at 1-800-538-7424 ext 112.
~Lindsay