Trader's Blog Contest Winner For August

The winner of the August contest, where we asked "Do you think the recession is easing, or is there another downturn in sight?" is random comment number 399. We had 449 responses, but only 423 eligible comments.

After counting the responses, 27.2% said easing, 66.8% said there was a downturn in sight, and 6% dodged the question all together.

Congrats… Russell Wilson from the US

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We will be contacting you shortly via email address you supplied to get your complimentary subscription to INO TV and MarketClub set-up. If you are Russell and have not hear from us within 24 hours, please give our support team a call.

Don't forget to enter September's Contest, where we ask, "Do you think a 2nd term for Bernanke is the right move for this country?" Thanks for participating... keep it up cause we love to hear from you.

Best,

The MarketClub Team

If you haven't gotten in on the Trader's Blog August contest, you still have time.

You still have time to enter the Trader's Blog contest where we asked, "Do you think the recession is easing, or is there another downturn in sight?" If you've already put in your response then check back tomorrow for the winner, but if you haven't you only have a few hours left.

Click To Enter Trader's Blog Contest for August

Best,

Lindsay Thompson & The MarketClub Team

Why Are We Such Suckers For Prediction?

It doesn't matter what news source is your "go to" they tons of insane, and often, wrong market analysis...so why do we still watch? In this article Charles Maley from ViewPointsofaCommodityTrader.com takes a stab at digging into our psyche...enjoy the article!

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I keep CNBC on all day while I work. Perhaps I think I will miss something, or maybe it’s the background noise that’s appealing. In any event, what I always find amazing is the parade of experts making one prediction after another. I think I would fall out of my chair if I heard one of them say “Well, to tell you the truth Mark, I have no idea”.
Continue reading "Why Are We Such Suckers For Prediction?"

Characteristics of Successful Traders

Yesterday Norman brought us a guest blog post that I think most everyone that read it enjoyed (re-read here) and I've asked him back to teach us a little about the mental aspect of being a successful trader. We know it's more then just picking winners, but Norman also lays out 7 other crucial steps that you should follow. Also his 71 page ebook has been read by over 25,000 traders just like you, and you don't want to be the only one without his free teachings. Grab his 71 page ebook, enjoy the article, and comment, THANKS!

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Many investors take actions that aren’t in their best self-interest. They make irrational trades; they trade based on emotion, rather than logic; they hold on to a losing position due to their unwillingness to admit they made a bad trade; they trade based on greed or panic… the list is endless.
Successful traders, on the other hand, all have a few things in common. Developing these characteristics and habits will help make you a successful trader.
1)  Successful Traders Set Goals

Continue reading "Characteristics of Successful Traders"

Systemic Risk and the VIX

As many of you know we here at INO are huge Norman Hallett fans. He's been a featured guest blogger here many times (see previous posts) and today I asked him to give us an exclusive preview to his new book, "Taming Risk - A trader's guide".  His post below covers Systemic Risk and the VIX. This information is extremely helpful so be sure and read on! Also for the next day or two only, he's allowing complimentary downloads of the complete book. I have read the ebook (2 days ago actually) and I can honestly say you WILL learn something that you didn't know before about risk and money management. So enjoy Norman's kindness and enjoy the special INO members only message where you can download the full book! Oh yeah comment...he wants to hear from you.

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Good Morning Trader's Blog readers!

Sentiment is emotion. In regards to how the entire investing public feels about the market can be measured in many ways and the market indices are good general objective measures of how investors and traders feel about the systematic risk in the markets.

One of the more popular measures of sentiment and systemic risk is the VIX...

Continue reading "Systemic Risk and the VIX"