Category: General

Contest Winners…Trillionaires…and the smartest men in the universe!

Posted on by The INO.com Team

Congratulations to our contest winners in their close predictions of the DJI and DX closing positions ending QE2 on June 30th, 2011.

Here is a little bit about our winners:

Andrew G.from PA- Winning guess for the DX: 74.377

We asked Andrew to tell us a little bit about himself and this is what he shared:

“I am a happily married 55 year old. We have two sons, one 24 and the other 22. Both graduated recently from UPenn, My oldest son is a bio-engineer, working at a medical device company, the younger one a Wharton graduate working in the financial field. I consider myself a long time student of the market and primarily, a long term investor. Having said that, over the last few years, I have concentrated my efforts on the charts, and technicals, believing that they play an exponentially larger role in the shorter term direction market. That it why I religiously follow the Market Club. It is one of the best top-grade tools for traders and helps to provide great insight as to where we go from here. It has been a great help with my shorter term trading strategies, as I continue to seek more consistency with both intraday and swing trading.”

Our other winner is:

John Hoffman from FL- Winning guess for the DJI: 12,432.39

Here is what John told us about himself:

“I am semi-retired and up until about two years ago I was helping a friend manage the administrative duties of his hedge fund (now closed). I am currently trading in my own accounts.”

All of us here at MarketClub would like to thank everyone for their participation in this fun-spirited contest…hopefully we can get another one together soon!

Congratulations again John and Andrew, enjoy your new Wi-Fi tablets!

Best,
The MarketClub Team

Prevent Early Exits

Posted on by The INO.com Team

Shaun Downey is a technical analyst with CQG in London and a contributor for SFO Magazine. Shaun has been in the financial business since 1979 and has held a variety of trading and head of trading positions for firms including Rudolf Wolff, Fulton Prebon and AFP. If you enjoy this post on how to prevent early exits, please click here for a complimentary subscription to SFO Magazine.

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A common practice when using trailing stops, (beyond money management techniques) is to use popular indicators such as the parabolic, ADX, moving averages or volatility stop.
While these methods do have merits, a recurrent flaw is their inability to prevent a premature trade exit when a market's corrective phase begins The same thing can occur when traders rely on calculations of a prior range to achieve a more dynamic type of trailing stop. Continue reading "Prevent Early Exits" →

Five Ways to Stay Focused In Scary Markets

Posted on by The INO.com Team

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. If you like this article, Larry's also agreed to give you free access to his favorite technique.
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Five Ways to Stay Focused In Scary Markets

In the fallout from the 2008 global financial crisis, there have been moments that have been driven by pure fear. These are the moments when it can be hard to maintain your composure and trade your plan. Unfortunately, these big days are the times when you need that composure the most. Here is a quick lesson in why it is important to keep focused in a scary market and how to achieve that focus.

Market Basics

First let us understand some market basics. Markets exist to facilitate trade. From moment to moment the market offers traders the opportunity to profit from price movement. It's an environment where every trader has the freedom to create his own results, i.e. all the choices and the power to exercise those choices reside with the trader.

'Scary' implies fear, anxiety, or insecurity. Continue reading "Five Ways to Stay Focused In Scary Markets" →