Category: General

Trading Tip #3 - Market Cliches

Posted on by The INO.com Team

Market Cliches: Learn and memorize those market cliches. They may be repeated a lot by websites, brokers and the like, but they do hold some value in their lessons.12 Days of Trading Tips Day 3

Let's talk about my favorite cliche: "The trend is your friend."

One might argue that the most important tip to successful trading is to stick with the trend as much as possible. I'm not sure who said it first, but they clearly knew the secret to making money in the markets. Any trader worth their salt will tell you that, It's easier to make money trading with the trend vs. trading against the trend.

It's something to think about next time your researching that next great trade. Am I going with the flow or not?

Here are a few more of my favorites:

"When in doubt, get out."

"Don't try to catch a falling knife."

"Sell in May and go away."

"Buy the rumor and sell the news."

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

Join MarketClub with this Special Holiday Offer..

Crude Rally Running Out Of Gas - Here's The Trade

Posted on by The INO.com Team

The crude oil rally has been really quite pathetic suggesting a move into the lower Fibonacci support zone is likely. We're trading it through XLE with confirmation from the US Dollar. Plus, we uncover how to trade trend reversals using Elliott Wave.

Let Todd Gordon of TradingAnalysis.com take you through his plan for the crude oil.

Learn more about TradingAnalysis.com here.

Plan Your Trade, and Trade Your Plan,
Todd Gordon

Trading Tip #2 - Create A Trading Plan

Posted on by The INO.com Team

You wouldn't start a new project without a plan would you?

12 Days of Trading Tips Day 2

Creating a trading plan is crucial for long-term success. You may get lucky for a while, but eventually not a having a plan will catch up with you, trust me. It will also help keep the emotion out of your trading.

Before I became successful in trading, I was unsuccessful. I just winged it and that's not the way professional traders do it by any stretch of the imagination. It was only after I created my own trading plan that I began to trade the right way. Up until that time, it was pretty much hit or miss.

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

Join MarketClub with this Special Holiday Offer..

12 Days Of Trading Tips - Education

Posted on by The INO.com Team

With the holiday season upon us, I thought I would share my favorite trading tips with you over the next 12 trading days. I believe that as a trader, you should always be looking to improve your knowledge and trading skills. If you don't, you could get left behind or worse yet, make a huge financial mistake.
12 Days of Trading Tips Day 1

With that, let's start with the first tip: EDUCATION

Educate yourself about the nuances of trading. This is perhaps the most important element of trading and one that you can do for yourself and your loved ones. Educating yourself on how the markets work is like the gift that keeps on giving. There is no shortage of information and advice out there. Start reading and watching as much as you can from as many different sources as you can. It will pay off in the long run.

It was a little different when I started trading oh so many years ago.

When I arrived on the trading floor and went into the trading pits, it was somewhat intimidating. I mean, I was surrounded by some of the best traders in the world. I leaned on these guys in my early career and learned valuable lessons from them by asking questions, mimicking their styles and after a while I began to settle in and get my bearings. I learned some valuable lessons and most importantly I learned how the markets worked.

My advice, educate yourself. It's the easiest thing you can do.

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

Join MarketClub with this Special Holiday Offer.

Traders and Trendlines: A Match Made In Opportunity Heaven

Posted on by The INO.com Team

By Elliott Wave International
It's the start of the winter holidays -- which, if your family is anything like mine, is also the beginning of a long tradition of deeply regrettable line-crossing, i.e.:

  • Crossing that line into interrogating "new" dinner guests as to why they are still single
  • Crossing that line into inviting your recently divorced sister-in-law to "stay as long as" she needs
  • Crossing that line into a third (no, let's be honest) fourth helping of pecan pie

In these cases, crossing "the line" is the first step down a proverbial mine field of emotional and physical discomfort. And there's no going back!

But in the world of technical analysis of financial markets, crossing one kind of line is often the first step to identifying a high-confidence trade set-up. The line I'm talking about is the trendline. Continue reading "Traders and Trendlines: A Match Made In Opportunity Heaven" →