In this interview with veteran trader, Mark Cook, he points out how your personality can help determine what type of trader you are, as well as how to deal with a losing trade. Also, and perhaps more importantly, he explains how winning trades can set you up for potential losses and how he avoids this trading pitfall.
We hope you'll take 5 minutes to listen to this interesting video, and leave your comments or share your experiences below.
After exiting all long positions at 1217.72 on 5/18, we reinstated long gold positions seven days later on 5/25 at 1196.57.
As many of you know who watch my videos, we use our weekly "Trade Triangles" for trend direction and our daily "Trade Triangles" for timing entry and exit points. It was those daily "Trade Triangles" that flashed a buy signal on 5/25.
Given the chaotic state of the world and all the cross currents that are running in the banking system, we would not be surprised to see gold once again climb up and challenge the $1,250 level. All of our "Trade Triangles" are green and 100% to the upside. This indicates that a strong trend is once again in place for the gold market. Continue reading "We are back in the gold market"
The reality is, the world is in a whole mess of debt and it's all coming due at the same time.
Make no mistake about it, the situation in Europe is dire. The problems with Greece are well known. The problems in Spain are growing, and the problems in Ireland and Portugal are about to rear their ugly heads.
I'm not going to rhapsodize about the problems in Europe, they are well known and are manifesting themselves in the price action of the world markets, however, in this short video on the euro I want to show you how monthly charts and our "Trade Triangles" tell the story and show the trend very clearly. I also show you a simple method that you can use in your everyday trading to estimate how far a move can go. Continue reading "The return of the Greek drachma ... it's coming"
This month is shaping up to be a strong negative month for the global equity markets. The S&P 500 is down a whopping 11.34% for the month and 3.9% on the year. The DOW is a little better-down only 9.58% for the month and 3.45% for the year.
Despite today’s late covering rally, the bigger picture indicates that we are down overall on the week and the month.
Here are the levels that if, and it is an if, the markets break, then the stock market bulls will throw in the towel.
Here are the key levels of support for the month of May for the major indices:
SP500 - 1044
DOW - 9,835
NASDAQ - 2,100
Let's see how the markets act for the balance of the month. It will be interesting.
Every success,
Adam Hewison
President, INO.com
Co-creator, MarketClub
FIRST PUBLISHED ON 2/10/2010
In today's video we examine the crash of 1929 and the similarities to Dow 2010. This video is not meant to scare anyone, but to educate investors and traders of the possibilities that may exist in today's market.
We could be, repeat, could be very close to a tipping point similar to that of 1930 when the Dow had ended a 50% correction to the upside. This years Dow pattern was a 62% correction (see current chart on Dow). I invite you to watch this video and see if it makes sense to you.
Continue reading "Is It Déjà Vu All Over Again for the Dow?"
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