How the open can make or break your day

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 and straight-to-the-point.

If you like this article, Larry’s also agreed to give you free access to his award winning book.

Today he’s going to talk about how the open of the market can make or break your trading day.

The open for any trading session can set the tone for the day’s trade. Barring any major fundamentals, it can signal whether or not traders are going to be primarily bearish or bullish, or neutral and cautious. The start of the day can set the stage for your own trades as well. Starting off with a winning trade or having the market move in your favor at the beginning of the day gives you a confidence level that can propel you to an extremely successful trading day. Having a negative tone or having the market move against your analysis and any open positions will probably color your judgment for the rest of the day. Continue reading "How the open can make or break your day"

Another Profitable Quarter For The World Cup Portfolio

Q1 turned out to be another positive quarter for the World Cup portfolio, despite the fact that it lost money in 4 out of the 6 markets it trades.

Now, you might say to yourself, "How good is that system when it loses money in 4 out of 6 markets?" The reality is, the World Cup portfolio is a diversified portfolio that lowers your risk overall while at the same time enhancing your returns.

The opposite of this portfolio is to cherry pick what you think is going to happen. When you do that, you assume far greater risk losing money, in my opinion.

Losing money in 4 of the 6 markets did not affect the quarterly performance which was a positive return of 23.3%.

So you might be asking yourself how could the portfolio make 23.3% when it lost money in 4 the 6 markets it was trading? That gets down to being disciplined and following a market-proven program that has been published for the past 7 years. One of the secrets to the program is no secret at all, it is simply following the signals and letting your profits run. That is one of the hardest things for any trader to do.

Here's how the Q1 shaped up. Continue reading "Another Profitable Quarter For The World Cup Portfolio"

All Eyes On Apple

Hello traders and MarketClub members! It's April and this is when we're going to see just how well many of America's major corporations fared in the first quarter. At the moment, the market needs some stimulus to move higher and good earnings could provide the jolt that is needed to push it to new highs.

The market appears to be trapped in a broad trading range and that is largely reflected with the Trade Triangle technology which is indicating a sidelines position at the moment in all the major indices.

Today, I will be following up on my "Is This Apple's Secret Or One Amazing Coincidence?" post to see whether it is still on track. There are a couple of major dates for Apple this month, one is April 10th, when Apple begins accepting orders for its new smart watch and April 27th, when Apple announces its earnings for Q1. The general consensus is that Apple will earn $2.13 per share. A move in Apple this week over $129.25 will turn the intermediate term Trade Triangle positive, indicating a positive trend for this stock. I would not be surprised if this took place as early as this Friday or early next week. I will keep you updated with an Apple alert. Continue reading "All Eyes On Apple"

A Trading Tool That Never Goes Out Of Style

Hello traders and MarketClub members everywhere, today I want to share with you a trading tool that never goes out of style. I learned about the power of this trading tool a long time ago when I was a member of the exchange and trading in the pits of Chicago.

It was there amongst all the hustle and bustle, standing shoulder-to-shoulder with some of the most successful traders in the world that I learned one of the most important tools in trading. I have never forgotten this tool and in fact, I still use this tool every day when I'm researching a potential trade.

As computers get more and more sophisticated and can spit out trading algorithms faster than you can blink an eye, this simple tool continues to stand alone as a universal market truth. Little did I realize that this simple tool would prove to be so valuable.

So let's get started with this same tool that I have been using now for the past 30 years. I will also share with you one of the core secrets that most traders miss when they use this powerful trading tool.

It's a short lesson that visually illustrates when and how you should use this successful trading tool.

Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub