10 Steps to Smart Trading

Time and again on this blog, Adam has emphasized the need for a game plan (a.k.a.trading plan), but how many traders actually have a written trading plan?

Price Headley of Big Trends would like to share his list of trading plan essentials which lead to profitable trading in general. Comment and let us know what you think goes into a successful trading plan and be sure to visit Price at BigTrends.com

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You need to be able to answer one simple question when trading…

Could another trader execute my trading strategies if I gave them a copy of my trading plan?

If not, then you absolutely should stop trading right now until you can answer the 10 questions below.

Why you might ask?  By taking the time to write down your plan, you put yourself in the top 3% of individuals who have written goals and plans, giving you an immediate edge. Continue reading "10 Steps to Smart Trading"

Q1: Gold vs. "World Cup Portfolio"

We began Q1 with high hopes of keeping our winning streak alive, just as we had finished out the year on a very positive note with some strong gains in Q4 of 2009.

Q1 proved to be a challenging quarter for the "World Cup Portfolio." Out of the six markets we track, we had winning positions in four markets (that's the good news) and losing positions in the other two.
However, the big disappointment in Q1 was the gold market which produced our biggest quarterly loss of any market since we began tracking the "World Cup Portfolio."

The main reason for this loss was the choppy, trend-less action in the gold market. In the eleven quarters we have been tracking gold, we have made money in eight of those quarters. This is not the time to abandon trading gold, rather it is a time to continue with our game plan and "Trade Triangle" approach that has been so successful for this portfolio. Furthermore we have never had back-to-back losing quarters in gold.

On the brighter side, the grain markets proved to be resilient and just the ticket as corn, wheat, and soybeans all put in positive performances. The only other market to put in a negative performance in Q1 was crude oil. Continue reading "Q1: Gold vs. "World Cup Portfolio""

Add a little more "green" to your portfolio

What better day to add a little more "green" to your portfolio than Earth Day? Today we've asked Tate Dwinnell from Green Stocks Central to let us in on a few top "green" bullish stocks and then analyzed them with our "Trade Triangle" technology:

+75 STRI - STR Holdings - Solar Energy
+75 JASO - JA Solar Holdings - Solar Energy Products
+75 EMKR - Emcore - Solar & Fiber Optic Energy Conversion

These markets may be in some near-term weakness, but are still in a long-term upward trend with intermediate and longer-term trends pointing to a bull market, but short-term and intraday term and point to a bearish movement.

+90 PWER - Power-One - Power Conversion Management

Continue reading "Add a little more "green" to your portfolio"

Size Your Positions Like the Pros Do

Position size, or the number of shares you purchase, is a subject often overlooked by many traders. How many of us have an actual method that we use and stick to, or are we arbitrarily using the same number or percentage with each trade? Today, Chuck LeBeau, who is soon to be inducted into the “Traders' Hall of Fame," an INO TV author, and exit strategy specialist has stopped by to introduce a positioning method that can be introduced into any portfolio.

Read his strategy for determining position size below and leave a comment to let Chuck, and other Trader's Blog readers, know what you think. Also, check out Chuck's newest endeavor at SmartStops.net.

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Deciding how many shares to buy on each trade is easy – once you know how!

How many shares should you buy when you enter a new position? Most investors are creatures of habit and buy the same number of shares each time, usually some nice round number or dollar amount. Others are a bit more sophisticated and invest a certain percentage of their portfolio value. If your portfolio is $100,000 and you add a new position you might invest $10,000 or 10% of your account size or maybe you just buy your usual position of 100 shares. If any of these procedures sounds familiar to you, you need to learn more about how to correctly determine the correct number of shares to buy. The pros refer to the correct procedure as “position sizing”. Continue reading "Size Your Positions Like the Pros Do"

The hottest stock in the world

It would seem that investors and traders cannot get enough of this stock. Yesterday it came as no surprise that Apple announced huge earnings, over three billion dollars, just about the same as Goldman Sachs. Now who could have predicted that just a few years ago?

So is this the beginning or the end Apple's record earnings?

In this very short video, I will show you what our targets are for Apple and how our "Trade Triangle" technology absolutely nailed this move. No matter what happened to this stock, our "Trade Triangle" technology has a winning edge that you can watch in my new video.

As always you can watch our videos without registration and there are no fees involved.

Enjoy the video.

If you have time please comment on this post.

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