ALERT: Our "Trade Triangle™" technology signaled an exit all long gold postions today at 969.20 basis spot gold.
Category: General
Simple, Practical Ways to Transform Your Difficult Trading Emotions and Improve Your Trading Overnight
Welcome back to guest blogger Mo Christiensen of TradingAdviceBlog.com. Mo has been a full time trader of the emini S&P 500 futures since 2003 and through his blog he works with new and developing traders to help them speed up the learning curve to trading profitably. In particular Mo specializes in the important area of emotional management.
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As traders we've chosen an intense profession, one with a very high potential for stress. The simple act of putting our money on the line, with an uncertain outcome, creates an emotional force which we need to know how to handle. If we don't, the emotional excitement of fear, euphoria, anger, disappointment, and other intense feelings, clouds our judgment and affects our ability to stay in the opportunity flow of the market.
Trading with these emotions in play, is akin to driving in a storm without windshield wipers. We can't see the road clearly, and accidents are very likely to happen!
Something to think about ...
An economics professor at a local college made a statement that he had
never failed a single student before but had once failed an entire
class.
That class had insisted that socialism worked and that no one would be
poor and no one would be rich, a great equalizer.
Trader's Blog Contest For June
“GOLD - Up 11% in May...
where is the top for this market for 2009?”
Just answer any price (specific opinions optional) to be entered in a drawing for the prize below.
Prize
Winner will receive 2 FREE months of MarketClub and a prize pack of 3 books covering day trading, futures trading and stock trading. The picture below does not depict the actual prize, sorry.
MarketClub & DVDs (+$190.00 Value)
How To Enter:
Comment on this post telling us what price you think gold will top-out for 2009. Just write a price (i.e. $1,000), but feel free to voice your opinion… just keep it clean and remember that there is only one entry per person.
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Rules
1. This contest is open until 11:59 PM (PST) on June 30th, 2009.
2. No wrong answers, any participation counts as an entry.
3. One entry per email address.
4. Winner will be picked by random integer software.
5. Winner will be contacted on Monday July 1st, 2009 via email.
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Good luck!
Trader's Blog Contest Winner For May
And the winner is... The winner of the May contest, where we asked “Looking back at President Obama's 100th Day in office... How would you describe his economic policies - Good, Bad, or Ugly?,” is random comment number 62. We had 349 responses, but only 331 eligible comments and everyone was passionate about their responses. We loved it and hoped you enjoyed reading everyone's opinions.
Congrats… Martins A. of Great Britain
I will be sending your books out today and I will add one complimentary month of MarketClub to your account. Don't forget to enter June’s Contest. We ask our visitors, “GOLD - Up 11% in May... where is the top for this market for 2009.″ Thanks for participating... keep it up cause we love to hear from you.
Best,
The MarketClub Team
