As you know this is not a political newsletter (although I do have an opinion), but an investing/trading newsletter. Several students have asked me if I thought the tax cut extensions (if it does go through, even with the compromise) would prop the market up. My answer is 99% yes. I learned a long time [...] Read more »
A Couple Investment Scams to Avoid
Good times and bad, the scammers are after your money. Run; don’t walk, when you find one of these in your email, your USPS mail or a friend, relative or financial advisor touting them. First up, we have the Ponzi Scheme. I’m trying to have this one renamed the Madoff Scheme – even the guy [...] Read more »
News story confirms what I’ve been saying about insider trading
If you’ve ever heard my f.r.e.e training webinar I share about how Hedge Funds hunt retail traders risk stops. I also talk about how insider trader, front running, and churning happens every day. Well here is short powerful recent news article about a conspiracy with several top funds that is currently being investigated by the [...] Read more »
I just love bubble markets
I just love bubble markets… With trend trading you make money on the upside and when they pop! Here’s a few I’m keeping an eye on these days: Gold Old style doom-and-gloomers are always on the gold bandwagon. When it looks like inflation might be returning, the whole asset protection gang piles in and the [...] Read more »
Forex Broker Scam
I warned members last week on my live webinar that most forex brokers hunt traders stops. Well a few days after saying that the NFA (National Futures Association) validates what I’ve been saying for years by handing out large fines to two big Forex brokers for that exact reason. Click below to see the NFA’s [...] Read more »
Scuba and Trading
It just occurred to me that trading and scuba diving have a lot in common. I was thinking about how traders must follow their plan while in the midst of a trade and realized that’s what I do when diving, especially deep diving which is my favorite sport. When I’m on a dive boat, planning [...] Read more »
What about handouts?
When I created my ETF Trend Trading system, I expected to meet people who had a few dollars put away in their IRAs and 401k’s who were old enough and smart enough to realize there was another way to grow their net worth besides saving and passive investing. I expected I’d meet some who had [...] Read more »
How trading is like game shows
Would you rather have $1,000,000 or 1 cent? Silly question for most, but I had to ask because the other night I was watching the TV show Deal or No Deal. The buggy-eyed greed of the contestant that night reminded me of many traders and money managers. In case you haven’t seen the show it [...] Read more »
Wal-Mart response and the REAL debate: Health Care
Wow my Wal-Mart email got responses from both sides of the spectrum, so I’ll keep this short. I think a few subscribers missed the spirit of the message. Debt is bad. My house is paid for and I encourage you to work toward the same. Even though I can afford a mansion it is not [...] Read more »
Most Hedge Funds Make Great Neighbors But Lousy Investments
Hedge funds failed en masse in 2008, when nearly 1,500 closed their doors. Many of these closures were due to the complexity of the funds themselves. When a bad market hit, they couldn’t help but get caught in the downward spiral. And the bleeding continues; in the first quarter of 2009, investors pulled $103 billion [...] Read more »
