MarketClub is known for our "Trade Triangle" technology. However, if you have used other technical analysis indicators previously, you can use a combination of the studies and other techniques in conjunction with the "Trade Triangles" to further confirm trends.
Momentum measures the change in a commodity's price with time. M = Pc-Pn where M = momentum, Pc = current period's price and Pn = price n periods ago.
The length of time used for the prior period is a matter of personal preference and time horizon of the trader. A narrow window of less than five periods back would be short-term in nature while six to nine periods would be considered intermediate; 10 or more would be a longer time perspective. Continue reading "Traders Toolbox: Momentum Revisited..." →
Wait a minute...is it 2011 or 1999? LinkedIn's (LNKD) IPO was originally priced at $45. However, it opened at $83 yesterday morning and was at $90 in no time (where it remained for most of the morning). It sky rocketed to $120 later on, and then dipped to a closing of nearly $95!
At $90 per share, LinkedIn would be valued at $8.5 billion...one of the largest tech IPOs since Google (GOOG) in 2004. If you were to factor those numbers in for your calculations, LinkedIn is trading at nearly 570 times last year's earnings! This adds some controversy over the worthiness of its current price tag considering that LinkedIn valued itself at a mere $2.32 a share in the spring of 2009.
Which brings us to the question:
We've all been there....looking at a chart a year later and saying to ourselves "WHY, OH WHY, didn't I just pull the trigger!?!?!" The chart shows us the sad truth that if only we would have gotten long, we would have had 500% returns, an island in Fiji, and 6 cars!
But we didn't...
We here at The Trader's Blog, would like to know what trade would have been your best...if only you would have taken it? Did you see something special in Google at 100.00 in 2004? Was Spot Gold primed at 256 in 2001? What made you stay out of Wheat around the 500.00 mark? Whatever your story we want to hear about it!
We'll be giving away an Apple iTouch!
How you enter:
Comment today and tell us what that trade would have been...and what you would have bought with the returns!! Here are some trades that we in the office wished we would have done:
Bob F. "I wish I would have gotten long USO February of 2007, when Crude just started to move!"
Melissa P. "Playing the AMEX_SKF which is an ultra short financial ETF around April when Bear's crashed."
Lindsay T. "Shorted NASDAQ_TRMP on our last monthly Trade Triangle at 16.51 in January of this year...that would have been huge!"
Here are the details:
1. This contest open for 2 WEEKS!
2. Winner will be picked randomly by software to remove human errors.
3. One entry per person!
4. Winner will be contacted via email.
5. No wrong answers, participation counts as an entry.
iTouch and Apple are a registered trademark of Apple, Inc. All rights reserved. INO.com is not partner with Apple for this contest and do not hold any type of partnership.