What Do All Super Traders Have In Common?

Often what is missing from an unsuccessful trader's strategy has nothing to do with what trading software they are using or which technical indicators they follow, but more about their psychology as a trader.

What differentiates these "super traders" from the rest of us? Well, read the questions below and if you answer 'no' to any of them, then you may be lacking important characteristics that are holding you back from trading success.

-  Have you learned to develop patience with your trading?
-  Do you know how to come out of a loss as a better trader?
-  Are you able to avoid trading panic?
-  Do you love trading?

Watch today as Jack Schwager, best-selling author of Market Wizards, presents a powerful guide to get you on the road to profitability.

WATCH NOW: Market Wizard Insights

Enjoy,
The INO TV Team

Now This May Make You Mad

It Doesn’t Matter What You Think!

Let me say that again: It Doesn’t Matter What You Think!. Why would I say something like that? Why doesn’t it matter what you think?

Well here’s the cruel reality of the marketplace…

It doesn’t matter where these markets are headed, what matters most is that you get the direction right.

MARKET DIRECTION … is what’s important. It’s one of the keys to trading success.  The reality is that these are trading markets and are all driven by market sentiment.

 

These are the kind of markets we are in right now and we are likely to stay in this mode for quite some time.

As I said, what matters most is that you get the direction of the market right. You can only determine the trend by using pure market action and the easiest way to do this is by using a program that can tell you in plain English what the market is doing.

Don’t let the hype, hoopla, news, and the chat rooms fool you. A market can only do three things: it can go UP, DOWN, or SIDEWAYS – that’s it!

When you hear about the next hot or cold market that is headed for the stars or the basement, just say to yourself “it doesn’t matter.” That way, you will know when to get in and more importantly, when to get out.

Then, take a couple of minutes and watch this educational video. This video is all about common sense trading and removing the number one account killer – emotion.

Here’s to thinking “it doesn’t matter what you think,” it’s the direction of the market that is important.

Let the markets have their say … all you have to do is listen.

All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub

"Day Trading Made Simple" now playing on Trend TV

William Greenspan has over 155 consecutive winning months using his "day trading" system. As a day trader since the early 70s, he has walked in the pits of the CBOT and CME practicing his philosophy of making "a million dollars on a million trades, not a million dollars on one trade."

Greenspan shares his strategy as well as best practices for successful trading on Trend TV

"Discipline. That's the key to success in so many aspects of life and it's the main ingredient of any successful trading plan. But, what does discipline really mean to an intraday trader?

Discipline means taking small quick losses and letting your profits ride. That's the key to all successful trading. Discipline means using stop loss orders on every trade to limit your losses and moving your stop loss orders to protect your profit. That's kinda like grooming your position. When you have a profit in a trade, you should take your stop loss order and move it first to your break-even point, and then if your trade continues to trend your way, to always protect your profit along the way. Three, discipline means following all the buy and sell signals that your trading plan or system of trade has to offer you.

In all trading you must expect losses and you must accept them gracefully, because it may take only one mistake to wipe out the profits of ten winning trades…"

To watch the full video with William Greenspan, please visit Trend TV. Once you receive your password, you can visit Trend TV anytime and watch new videos as they are added.

We hope you will be able to use Greenspan's experience to grow your profits and protect you from that one big mistake.

Enjoy,

Trend TV Team

The ‘Trader’s Solution’ to Saving Your Retirement

It seems money – or, to be more specific, the record rate at which our government is spending it – is once again the center of national attention. President Obama’s budget plan is making headlines all across the nation – in particular, its lack of attention to the two biggest, government money-eaters by far: Medicare and Social Security.

60% of the budget is already slated to bankroll entitlement programs and it’s estimated that spending will rise 71% for Social Security, 72% for Medicare, and 115% for Medicaid (the third gorilla in the room) over the next ten years.

Let’s face it, the pressure is building. And, if something isn’t done, sooner or later they’re both going to blow. I shudder to think of the disastrous financial straits it will leave many American’s in (The collapse of Fannie and Freddie will pale in comparision…)…
Fortunately, whether you realize it or not, you already know the secret to ensuring that money won’t be an issue in your golden years.

Continue reading "The ‘Trader’s Solution’ to Saving Your Retirement"