Thanksgiving Hours

On Thursday, November 24, 2011, all US markets (including equity, option, and fixed income) will be closed in observance of the Thanksgiving Day holiday. In addition, all US markets will close at 1:00 PM ET on Friday

Canadian and Australian equity markets are open on Thursday November 24, 2011.

Our offices will be closed on the 24th and will re-open on the November 28th.

The Gang That Couldn't Shoot Straight

Hello traders everywhere!  Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 22nd of November.
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IS PERSONAL MARKETCLUB COACHING RIGHT FOR YOU?
Free consultation. 877–219–1482
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From MF Global, The Gang That Couldn't Shoot Straight

MF Global … Just when you thought it couldn't get any worse, it does!  Now it's $1.2 billion that's missing, not $600 million, which was bad enough.

This is not today's market update video, but it shows just how the current administration thinks.  I don't care if you are a republican or a democrat, with great minds like this handling government money, what could go wrong? Continue reading "The Gang That Couldn't Shoot Straight"

It's all toxic for the market!

Hello traders everywhere!  Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 21st of November.
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IS PERSONAL MARKETCLUB COACHING RIGHT FOR YOU?
Free consultation. 877–219–1482
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Moody's, France, the SUPERCOMMITEE, you name it!  It's all toxic for the market!

Traders looking for good news are going to be hard-pressed this week, as everything seems to be "hitting the fan" at the same time.

We have Moody's Investor Services warning about a possible downgrade to France's credit and it all seems to be feeding off itself.  Let's not forget the other credit bombs like Italy, Greece, Spain, Portugal and Ireland.  This is one mega-mess that is not going to be easily gotten out of. Continue reading "It's all toxic for the market!"

It's more important to the market than Italy, Greece, Portugal, and Spain combined

The trials and tribulations of these four countries (that have run up huge deficits) have been well known for quite some time. What is more important in my opinion is not the size of the debt, which is staggering, but rather what is going on with market perception.

Market perception trumps everything else out there. Market perception trumps market fundamentals every time. Market perception is the one card that the government cannot control. It is the card that can potentially give the individual trader an edge.
Continue reading "It's more important to the market than Italy, Greece, Portugal, and Spain combined"

How my worst trade turned out to be my best trade ever!

Today I’d like to share a hard, but important lesson I learned in my trading career. At the time I considered it my worst trade ever; in retrospect it turned out to be my best trade.

Here’s why…

I started in the commodities business as a broker for a company called Conti Commodity Services. Conti was a division of Continental Grain Co. one of the largest and oldest grain companies in the world. Back in the 70s, Conti was just starting a new division to handle customers in the brokerage business. I was lucky enough to have them hire me as I had no experience and very little education. But, I was enthusiastic and willing to learn.

So there I was at Conti Commodity Services dialing and smiling and looking to get business for myself and the company. All this was back in the 70s when grain prices were skyrocketing. After a brief time on the job I guess I thought I knew better than everybody else.

So here’s my worst trade… Continue reading "How my worst trade turned out to be my best trade ever!"