How my worst trade turned out to be my best trade ever!

Today I’d like to share a hard, but important lesson I learned early in my trading career. At the time, I considered it my worst trade ever, but in retrospect it turned out to be the best trade of my career.

Here’s why…

I started in the commodities business in Chicago as a broker for a company called Conti Commodity Services. Conti was a division of Continental Grain Co., one of the largest and oldest grain companies in the world. Back in the 70s, Conti was just starting a new division to handle customers in the brokerage business. I was lucky enough to have them hire me as I had no experience and very little education. But, I was enthusiastic and willing to learn.

So there I was at Conti Commodity Services dialing and smiling and looking to get business for myself and the company. All this was back in the 70s when grain prices were skyrocketing. After a brief time on the job, I guess I thought I knew better than everybody else.

So here’s my worst trade… Continue reading "How my worst trade turned out to be my best trade ever!"

Will December bring a Santa Rally or a Fiscal Fall?

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 3rd of December.

MARKETS WITH STRONG TRENDS: MARKETS WITH MIXED TRENDS:
COPPER (Dec): Higher for the week.
CLOSED LAST FRIDAY AT $3.6230
S&P 500: Higher for the week.
CLOSED LAST FRIDAY AT $1,416.18
SILVER (Spot): Higher for the week.
CLOSED LAST FRIDAY AT $33.36
CRUDE OIL (Jan): Higher for the week.
CLOSED LAST FRIDAY AT $88.94
EURO (Spot): Higher for the week.
CLOSED LAST FRIDAY AT 1.2985
GOLD (Spot): Higher for the week.
CLOSED LAST FRIDAY AT $1,714.19


CRUDE OIL PUSHES TO ITS BEST LEVELS IN 5 WEEKS

Continued hedge fund buying over the last two weeks pushed crude oil to its best levels in over five weeks before profit taking kicked in. Crude oil appears to be making a strong base capable of carrying today's black gold up to the $93.00 to $94.00 level. A solid close over the $90 a barrel level, basis the January contract, should be viewed as very positive for this market. Continue reading "Will December bring a Santa Rally or a Fiscal Fall?"

3 ETFs that are in strong upward trends

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 30th of November.

THREE COUNTRY ETFs THAT ROCK!

I thought it was interesting to look at some country ETFs today and see what our Trade Triangle technology has to say about them.

The first country ETF that stands out and surprised us was the ETF for Mexico (symbol EWW). This ETF has been doing very well lately, and with a Chart Analysis Score of +100 this market is likely to continue higher.

Next is Spain, can you believe that? With all of the talk of problems in Europe, this ETF for Spain (symbol EWP) is doing very well with a +100 Score.

The ETF for Taiwan is also on our list (symbol EWT) and has also been trending well with a +100 Score. Continue reading "3 ETFs that are in strong upward trends"

How to win the Lottery everyday …

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 29th of November.

POWERBALL WINNERS NEED NOT APPLY!

I consider myself very lucky that I did not win the lottery last night. First off, I didn't even buy a ticket. Secondly, the odds are astronomically against any one person winning. If you are like me, you like to have the odds on your side. That's why I like Trade Triangle technology. If you want to see some great returns, look no further than MarketClub's World Cup Portfolio. Five years of solid double and triple digit returns* in a simple portfolio that anyone can manage. The signals are available the night before for all MarketClub members.

You only have to look at the recent moves in the markets to see that MarketClub's Trade Triangle technology works. Continue reading "How to win the Lottery everyday …"

The Yin and Yang of the "FISCAL CLIFF"

Hello traders everywhere, Adam Hewison here, co-founder of MarketClub with a mid-day up-date for Wednesday the 28th of November.

THE FISCAL CLIFF QUASHES CONSUMER CONFIDENCE!

Consumer confidence, which jumped to its best levels in four and a half years, is taking a back seat today to the "Fiscal Cliff", which is like the 800LB gorilla in the room. Depending what the politicians do and don't do, which is a non-predictable item at the moment, the "Fiscal Cliff" is going to be the Yin and Yang of the financial markets for the next several months. I would not hold my breath waiting for politicians to make a decision quickly on the "Fiscal Cliff" as both parties are being held hostage by their own parties' far right and far left wings.

THE FISCAL CLIFF AND THE EQUITIES MARKETS

Based on our Trade Triangle technology, we still believe that the trend is negative for the equity markets. We expect to see the equity markets trade sideways before taking another downturn. Everything is going to be predicated on the "Fiscal Cliff". Continue reading "The Yin and Yang of the "FISCAL CLIFF""