S&P 500
1930.23
-0.44 -0.02%
Dow Indu
16555.02
-8.28 -0.05%
Nasdaq
4372.77
+3.00 +0.07%
Crude Oil
97.41
-0.76 -0.78%
Gold
1286.335
+3.130 +0.24%
Euro
1.342250
+0.003465 +0.26%
US Dollar
81.369
-0.091 -0.12%
Weak

Know Your Limits

If you follow our blog, then you are definitely familiar with trader Larry Levin, President of Trading Advantage LLC. We have gotten such a great response from some of his past posts that he has agreed to share one more of his favorite trading tips as a special treat to our viewers. Determining the direction of the market can be tricky and just plain confusing at times, but Larry’s expert opinion keeps it simple.

If you like this article, Larry’s also agreed to give you free access to his Weekly Trading Tip.

One thing that I see that catches traders up all the time is knowing their limits. There are times when it is probably wiser to step away from a trade or not trade at all.

Sometimes the best favor you can do for yourself is to take a break.

It doesn't matter who you are or what kind of trading you do. There are going to be times when you need to step back and take a break from things. This can happen after a bad trade, a big loss, and even after a really good performance. It can help you get things back into perspective. It also allows for an opportunity for you to review your trades, and learn from any mistakes or plans that you think cost you in the long run.

It is easy for traders to get caught up in the action. [Continue reading]

Free Advice From Seth Klarman & Charlie Munger

By: Tim Melvin It was Sir Isaac Newton who famously said, "If I have seen further than certain other men, it is by standing upon the shoulders of giants." Those who came before us in life have left a huge treasure trove of knowledge, but it … [Continue reading]

Understanding Candlestick Charts

Today, we're going to be looking at classic Japanese candlestick charts. Candlestick charts were first used in Japan over two centuries ago by rice traders to chart rice prices. This system of charting has been around for a long time and can be … [Continue reading]

Death of the Dollar? Gold an Inflation Hedge? Really?

Take a look around the gold bull landscape and tell me how many of them are featuring a chart like this, showing the US dollar in a bullish short-term stance (to go with the weekly bullish stance we have noted for so long in the ‘Currencies’ … [Continue reading]

Time To Buy Tesla

Yesterday, Tesla Motors Inc. (NASDAQ:TSLA) flashed a buy signal at $229.78. This put all three Trade Triangles in a positive trend. The RSI indicator moved over the 50 level, which is also another strong confirmation. I view that action as the … [Continue reading]

Next Gold Buying Opportunity May Be Just Around the Corner

By: John Kosar of Street Authority Major U.S. indices closed mixed last week, with the broad-market SP 500 and tech-heavy Nasdaq 100 closing higher and the blue-chip Dow industrials and small-cap Russell 2000 closing lower. The bigger takeaway to … [Continue reading]

The Truth About Amazon

When was the last time you bought something on Amazon.com (NASDAQ:AMZN)? For me, I purchased a pair of cycling gloves last week. It seems that when Amazon reported a wider than expected loss, investors were surprised and shocked. What were they … [Continue reading]

Why The Next Stock Market Crash Could Happen Any Day Now

By: Nancy Zambell of Street Authority A "follow-up" market crash could be coming. I don't mean to scare you, but it's only a matter of time... The past two happened like clockwork -- seven years apart. One happened just before 2001, after … [Continue reading]

Sun Tzu and the Art of War for Traders

The original Art of War is a compilation of lessons written and taught by Sun Tzu, a sixth century B.C. Chinese General/ Philosopher. Its wisdom is timeless and has grown in popularity. It is, in fact, required reading at every military academy in … [Continue reading]

3 Profitable Forex Strategies For 2014

Today, I would like to share with you 3 easy-to-use, profitable Forex strategies based on the Trade Triangle technology. There is a strategy available for short-term, intermediate-term, and long-term trading styles. All strategies have been time … [Continue reading]

Weekly Futures Recap With Mike Seery

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets. Michael frequently … [Continue reading]

A Basic Guide to Understanding Reversals and Breakouts

Traders who study their time frame charts religiously will learn how to pick out certain indicators that can help to forecast a trend. Identifying these indicators early will help you to get a jump start on entering and exiting a trade at just the … [Continue reading]

Three Reasons Why Gold and Gold Stocks Will Rise

The Gold Report: Over two days, July 14 and 15, the price of gold fell over $40 per ounce ($40/oz), more than 3% of its value. To what do you attribute this drop? Jeffrey Mosseri: I don't think it was a very extraordinary event. Gold has been … [Continue reading]

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