At MarketClub our mission is to help you become a better trader. Our passion is creating superior trading tools to help you achieve your goals -- no matter which way the markets move -- with objective and unbiased recommendations not available from brokers.
The Trader's Toolbox posts are just another free resource from MarketClub.
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"Crucial but often overlooked, money management practices can mean the difference between winning and losing in the market.-Placing Stop Order- It’s helpful to think of these by their more formal name, stop-loss orders, because that is what they are designed to do – stop the loss of money. Stop orders are offsetting orders placed away from the market to liquidate losing positions before they become unsustainable.
Placing stop orders is more of an art than a science, but adhering to money management rules can optimize their effectiveness. Stops can be placed using a number of different approaches; by determining the exact dollar amount a trader wishes to risk on a single trade; as a percentage of total equity; or by applying technical indicators..."
Revisit the Trader's Toolbox Post: "Money Management Part 3 of 4" here.
This is Adam Hewison and I am happy to say that I am back from "down under". I was visiting my daughter who just married a wonderful man from New Zealand and our family had a wonderful time celebrating the event.
Hello everyone this is Adam Hewison. I just got back from New Zealand and Australia and when I returned from "down under" and studied the charts this past weekend, I can see that the major indices have not fared well while I was away.
In just one minute, Adam will share a simple technique to keep the "odds in your favor". It's what he and co-founder Dave Maher have built MarketClub to help you do.
"Since joining MarketClub in February 2009, my confidence in placing trades has greatly increased. The trending tool is the best I have seen and puts you on the right side of the trade in any market. My winners have greatly out-numbered my losers, and to quote an old cliche, "its like taking candy from a baby." Trading has never been easier for me, MarketClub's Trade Triangle Technology, coupled with their Smart Scan feature and Talking Charts instantly identifies your next picks in your price range. I especially like the daily blogs that analyze markets that are about to move. Because of my success, two of my friends have already joined MarketClub. If your considering trading in any market i.e. equities, futures, indexes, currency etc., or learning about trading, I would strongly recommend joining MarketClub for the following reasons: the price is right; success will be easier to obtain; research time is reduced, and my experience with MarketClub has been positive, profitable and less stressful. I truly believe that Market Club has your best interest at heart and wants you to succeed as a trader. In my opinion, if your doing any trading its the place to be." ~ John T., Idaho