Glancing at the news most days, it's hard not to feel like Bill Murray's character in Groundhog Day. In the event you are unfamiliar with the movie, in it Murray's character becomes trapped in the same day… day after day.
In the current circular condition, we have the powers-that-be assuring us that the next high-level meeting will finally produce a permanent fix to the broken economy, essentially solving the sovereign debt crisis. Then, in no more than a few days, or at most a couple of weeks, the fix is revealed to be flawed and the crisis again sparks into flames... Continue reading "Gold's "Contrarian Moment""→
By: Chris Irvin, Veteran Instructor & Trader at The Wizard
I have been married for 22 years, and in that time I have adopted these words as my words to live by – “You can be Right or you can be Happy.” This motto, with a slight tweak, can also go a long way in helping me with my stock market relationship.
The starting point for a meaningful relationship with the market is this: “The market is always right!” The market may not always make sense, but it is always right. The problem with many struggling traders is that they have not figured this out. If you are a trader who believed that you always have to be right, you are probably going through some difficult times. There have been several times in my own trading that following a few successful trades the word “genius” starts to creep into my internal vocabulary. This is a very bad sign. When I start to think I can’t make a bad trade, the reality is I should probably sell every position I have because I am about to be humbled. Continue reading "You Can Be Wrong and Happy!"→
We had such positive feedback with the options short lesson series that we're running this week, so we decided to search for a related seminar...and we found one! Expert Ron Ianieri has decided to share his seminar, Options - Learn The Greeks, for FREE as a special tread to MarketClub and INO.com users. You do not want to miss this educational seminar about risk and investment.
No matter what the investment, an investor needs to know and fully understand the potential risks of the investment prior to committing capital to that investment.