Tuesday, November 11, 2008
Forget The Experts, Trade The Trends And Sleep Good
I know, you hear it every day on the "alphabet" TV channels. These are tough times, what are you to do? Your portfolio is in the brink!
What you do is change your mind set. Stop investing, at least for now. And what I mean by that you should stop listening to the "experts" and become a trader. A trader who relies on trends. And believe me you can do this and sleep good at night.
My life as a trader changed upon meeting Adam Hewison and the guys at Market Club and INO.Com. Adam has a simple system for following the trends that has changed my life. The Market Club subscription is worth every penny, but Adam will let you sign up for a free account that will notify you daily of the trend of all of the stocks you include in your free account.
Here is a small example of what it looks like.....
Early this week the Chinese government announced a "Stimulus Package" that caused all of the commodities and especially the metals to pop. Let's say you have a position in Freeport McMoran, ticker FCX, and you are thinking "do I sell this rally, or back up the truck because it's off to the races"? Let's look at the chart from my free portfolio that was emailed to me.....
-----------------------------------------------------------------------------------
FREEPORT-MCMORAN COPPER & GOLD (NYSE:FCX) Strong Downtrend Up Arrow
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
Based on a pre-defined weighted trend formula for chart analysis, FCX scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
-10 Last Hour Close Below 5 hour Moving Average
-15 New 3 Day Low on Tuesday
-20 Last Price Below 20 Day Moving Average
-25 New 3 Week Low, Week Ending October 25th
-30 New 3 Month Low in October
-100 Total Score
-----------------------------------------------------------------------------------
I quick look at the chart makes this a simple call to sell FCX on the rally caused by the catalyst created by the Chinese announcement. It is not even close, Freeport McMoran is trending down. And wouldn't you know it, FCX lost 10% right out of the gate this morning.
If you subscribe to the Market Club you will also be supplied your buy and sell signals with the Triangle Trading method. Again, worth every penny.
So forget what the experts are telling you and trade the trends. Take your life back and make money in any market.
Get your FREE favorite symbols' Trend Analysis TODAY! Click Here
Labels:
Adam Hewison,
Dividends,
Dollar Index,
INO.Com,
INO.TV,
Investors,
Market Club,
rally,
Ray's Stock World
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment