If you’ve made it this far through the series, you’ve learned the basics: reading charts, spotting trends, implementing stops, but what now?
Today Adam shows you what you need to do to tie all of this information together. Becoming a more effective, organized, and successful trader is just one short video away.
Click here to watch Lesson 5 in the Trader's Whiteboard series and take the next step in order to trade like the pros.
Enjoy!
The MarketClub Team
Today I'd like to welcome Steven Lee Jones to the Trader's blog. One of the things that makes him so successful in his trading plan is his entries. Steven has written an interesting article regarding how he enters a trade that I think you will enjoy. Please take time to read the article, comment with your thoughts about his methods, and please visit ForexProfitLauncher.com to watch a video from Steven.
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First of all, I want to thank Adam for allowing me to post here today. I'm mainly a short-term forex trader and over the years I've worked on the following entry method that's proven successful for me. It's not perfect by any stretch, but test it out on your own to see if it might be a good fit for your style. I truly value the blog and hope that my article can give you some insight into my trading and hopefully it can help yours, so let's dive right in.
Continue reading "Long Entries and the Opposite Thirds Rule"
MarketClub is excited to bring some great topics to the table in the next few weeks! These topics range from a beginner's to a more experienced trading level and we hope you'll be able to find a subject or two among them that you can attend and learn from.
Upcoming topics include:
January 29th - “MarketClub’s Scanning Tools” presented by Jeremy Lutz
February 5th - Beginner’s Trading Terminology presented by Susan Jackson & Lindsay Thompson
February 12th - MarketClub’s “World Commodity Portfolio" presented by Adam Hewison
February 19th - MarketClub’s “Perfect Portfolio” presented by Adam Hewison
We look forward to seeing you at upcoming presentations and welcome your suggestions for webinar subjects and feedback.
See you soon!
Susan Jackson
Webinar Administrator
INO.com & MarketClub
Today I would like to introduce Karen of Wealth Wizard World. Karen is an experienced trader who took an interest in the markets at a very young age has continued since then. Through her own blog and website, Karen shares what she has learned in her twenty-plus years and today she has agreed to share this knowledge with Trader's Blog readers as well.
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I’ve traded for many years - about 20 to be precise. During the early years, I read everything I could get my hands on and tried several methods. The lessons learned were not what to do, but what not to do, and yet I was looking for something more.
There are lots of indicators to use and chart patterns to watch. What bothered me was that I realized that indicators lag. They respond to the movement of price.
Chart patterns work very well for some people, but they didn’t do much for me. I saw several head and shoulders patterns break to new highs; flags, pennants, and wedges break opposite of what they were supposed to do. What was an eager, studious, young trader supposed to do?
Continue reading "Finding an Edge with Support and Resistance"
We first introduced the “Perfect Portfolio” theory in early October and posted updates here and here.
We plan to update the hypothetical “Perfect Portfolio” every quarter to show exactly how you can utilize what I believe is a very conservative, but profitable approach to markets. We're using four, very liquid and well known ETF's that I believe are going to be very important in the investment world for the next three years.
The results of the “Perfect Portfolio” for Q4 were as follows: The ETF GLD that tracks gold bullion managed to gain 8.55% for the quarter. Our next ETF, FXE which tracks the Euro, suffered a small loss of 2.9% for the quarter. The star performer for the quarter was USO, which tracks crude oil. This market had a positive return of 8.63%. Our last ETF is SPY, which tracks the S&P 500, and this market put in a very respectable 5.63% return at the end of December.
The average return for the “Perfect Portfolio” for the quarter was 5.13%. This was lower than some other quarters simply because the markets were less volatile. In the future we expect this portfolio to continue to do well and we will be reporting on this blog on a quarterly basis with the results.
If you have any questions on the hypothetical “Perfect Portfolio” and how you can use this strategy with your own account and brokerage company please feel free to contact our office at 410-867-2100. Any one of our professional member relationship team can help answer questions on the “Perfect Portfolio”.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
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