Becoming a Full Time Trader: Are You Ready? Part 2

This past Sunday, Norman gave us Part 1 of "Becoming a Full Time Trader" and many of you enjoyed it, and helped with other Trader's Blog readers' comments, questions, and needs. We hope you'll enjoy Part 2 of Norman's series just as much. He as also just recorded a few 3 minute audio nuggets about trading discipline, which you can check out here.

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Consider the following: if a trader is successful 65% of the time with an average profit of 6% per trade and losing trades are stopped out at 5% loss, then over 100 trades, there would be a cumulative annualized gain of over 26%. Real dollars would, of course, depend on the value of each trade. Another way to look at
it is if a trader averages just a 3% profit margin each month that translates into an annualized 36%.

Here's the big kicker...

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The Technology That Will Replace 148 Billion Barrels of Oil

As much as we talk oil here, I wanted to bring in an outside source to give you some insight into what he thinks is the replacement (potentially) of oil, and what might be a great play for you very soon. That expert is Horacio Marquez, Editor of the Money Map Report. Please enjoy the article, comment below, and check out Horacio's site for more info!
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Most investors didn’t notice when, in September 2008, Warren Buffet paid $230 million for a 10% stake in Hong Kong-based battery maker BYD Co. Ltd. (HKSE:1211.HK).

Now, of course, we all wish we’d been paying attention…

In the 18 months since, BYD share price has increased by upwards of 900%, from $8.01 before the announcement to $75.05 today. And the value of the investing icon’s portion of shares increased to $2 billion.

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The more things change, the more they stay the same

The more things change, the more they stay the same

Last month, on February 10th to be exact, I shared with you the "52-week Friday rule". This was a rule that I learned over 3 decades ago in the markets.

In case you missed this video, which you can watch here, I show you that when a market is closing at a 52-week high on a Friday, you should go long. The rest of the rules are in this video that you should watch as it has been working with amazing regularity.

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Why gold will not make new highs or lows this year

Gold has had some dramatic moves in the last eighteen months and we expect it will have some equally dramatic moves in the future, but not right now.

While I recognize that gold is one of the few commodity markets that people are really passionate about; the purpose of this article is not to take sides either with the gold bugs or those who reject the argument that gold is forever.  Rather, I want to discuss my interpretation of the markets cycle.

Watch this weeks gold video.

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