October has been a busy month for gold. First, it hit a record high on October 18th at 1386.72 and gave all of our gold bugs reason to say I told you so. Then, earlier this week gold took a small dive prompting an exit signal via the "Trade Triangles" for short-term traders. Here at MarketClub, we've been hearing talk of a gold bubble, but what do you think?
Loading ...We invite you to tell us what you think about this market that has everyone talking.
Every success,
The MarketClub Team
We have all heard the tale of the Tortoise and the Hare, wherein Aesop teaches us the lesson that "slow and steady wins the race." Like wise in trading, consistent, steady profits and solid money management translate into a winning portfolio. With us today to share his thoughts on money management is Mark Hodge, Head Trading Coach at Rockwell Trading. After you have read Mark's take on this important facet of market success, please share your thoughts, comments, or questions below.
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In my experience very few traders truly understand money management and how to use it. This is unfortunate. I’d argue that money management is the single most influential factor on your financial growth as a trader. Using the example below, I’ll even show you how you can double your trading account in less than a year, averaging only $125 a week. Continue reading "The Power of Money Management"
Following the gold market as we do here at MarketClub, it was amazing that nobody, and I mean nobody, was bearish on this market. This always creates a problem as the markets tend to reverse when everyone is on one side and there's no one else left to buy.
Another tip-off was on Fox Business News and also on CNBC indicating that gold was going to hit $1400 almost immediately. Well after Tuesday, we know what was to happen to the price of gold. If gold were so strong, should it really have gone down almost $70 in 4 days?
Continue reading "The #1 Reason Why Gold Collapsed (New Video)"
As a Trader's Blog reader, we would like to invite you to a live webinar presentation on MarketClub's Global Strategy Portfolio. This model portfolio that proves that diversification can work when it's done the right way.
Using the Wall Street method of diversification you would have lost close to 30% of your money, but with MarketClub's strategy you would have made a 23% return on your money during the exact same time-frame. That's an over 50 percentage point swing in just 30 short months.
We also invite you to download this complimentary report that shows you not only how to achieve these results, but also shares the rules that you need to follow in order to get the exact same results in half the time, with less risk. The blueprint for our model Global Strategy Portfolio is fully explained in this report in clear, everyday, non Wall Street language.
Once you've taken a look at how this remarkable strategy works, be sure to watch as MarketClub co-founder Adam Hewison and MarketClub expert Susan Jackson will help you understand the Global Strategy Portfolio Wednesday at 4pm EDT (8pm GMT).
Whether you're on a trial, already a member, or interested in learning more about our premium advisory service and our "Trade Triangle" buy and sell signals, we encourage you to join and sign-up today.
We look forward to seeing you there,
The MarketClub Team
Short Term Traders exit long position on a Daily Red Trade Triangle @ 1,356.22. Intermediate and Long Term traders remain in a long position
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