12/8 Online Stock Trading Guide Updates

Please add updates@feedmyinbox.com to your address book to make sure you receive these messages in the future. Online Stock Trading Guide Updates - Stock Trading Education, Tips and Resources Having an Exit Stragey in Place and an example of It's Importance December 7, 2009 at 4:22 pm Taking a look at SPY 09/02/2009 using an intraday chart to see how price reacted at certain levels. Copyright © 2008-2009 Online Stock Trading Guide, LLC Van Tharp Institute Year End Sale December 7, 2009 at 12:26 pm Here’s some information on a year end sale from The Van Tharp Institute, led by Dr. Van K. Tharp. I have studied several of Dr. Tharp’s products over the years including: The psychology of Trading CD Series, Peak performance Home Study Course, Business Planning for Traders and Investors, Safe Strategies for Financial Independence and probably a few others that are in my home office. Dr. Tharp has various products to help traders improve their performance, especially for those who are serious about their long term results. Some of the products available for a 20% discount during this limited time sale are: Peak Performance Home Study Course: The Ultimate Home Study Course for Traders. How you think when you make and lose money. Stress reduction. How not to repeat your mistakes. Trading unemotionally. Contains five books and four CDs. How to Develop a Winning Trading System That Fits You: Who should study this program? Anyone who wants to develop their own trading system or anyone who wants a better understanding of how to make more profits trading any market under any conditions. Definitive Guide to Position Sizing: Over 350 pages covering hundreds of questions and situations encountered by Dr. Tharp as he has taught this concept to trader after trader during the past 25 years. Special Report on Expectancy: Expectancy is how much you can expect to make on the average over many trades. The Secrets of the Masters Trading Game: Learn and master how much to risk on any given trade. A simulation game all about position sizing. Business Planning for Traders: Eight Part CD Series on Business Planning for Traders. Psychology of Trading CD Series: Learn the tools and techniques you need to transform your trading and investing results These are only a few of what’s currently on sale. Find out complete details and what’s available during this year end blowout here: Van Tharp Product Page. About Van Tharp: World renowned trading coach, author and psychologist Dr. Van K. Tharp, is widely recognized for his best-selling book Trade Your Way to Financial Freedom and his outstanding Peak Performance Home Study program – a highly regarded classic that is suitable for all levels of traders and investors. Note: In compliance with FTC requirements, we are informing you that we have not been paid to write or add the above article, and that we may receive a small compensation for any new products or services our site visitors purchase through the Van Tharp Institute. Copyright © 2008-2009 Online Stock Trading Guide, LLC Gold Trade Update 12-07-2009 December 7, 2009 at 9:17 am Here’s a Gold trade update for 12-07-2009 as a follow up to my recent post here: U.S. Dollar Trade Update 12-02-2009. In the previous post I was writing about potential contrarian trades if the U.S. Dollar was possibly making major or minor lows. For Gold trades, I had a chart of GLD and showed how prices had broken out of two pattern formations within the last several months, and that if the U.S. Dollar was over-extended to the downside, and Gold was over extended to the upside, looking at these with contrarian views were compelling. Here’s the updated chart of GLD. I’ve added a Fibonacci retracement grid overlaid on the chart. You can see that the initial move lower Thursday and Friday from last week, declined to the first 38.2% Fibonacci price level and bounced a bit higher before ending the week. As I mentioned in the U.S. Dollar Trade Update 12-06-2009 yesterday, a bounce higher before moving any further lower is possible. Although as I’m writing this, Gold is trading lower after rising briefly in the overnight session. I still feel that with all of the people short the U.S. Dollar and long Gold, and continued pressure against these positions make cause a panic, or rush, to continue to reverse these same positions. For stock traders, I included a chart of DZZ in previous posts, which can be traded easily in the typical stock traders brokerage account. Here’s the updated chart which shows the nice 10% – 15% move higher in less than two days since I posted last Wednesday evening about using this as a possible contrarian play: Those of you that know a little bit about me, know that I am primarily a very short term trader. Having a 10% – 15% gain in two trading days would probably make me take my gains and wait for another entry point, or possibly be willing to raise a stop loss to break even here with such quick gains. At the very least, raising a stop loss to break even after a 10% – 15% gain in two days would be wise. While I can’t and don’t, recommend any stocks or specific trades, I do try and post my trading ideas on this website even if I don’t have any position in the trade mentioned. I usually get too tied up with other things and writing. I don’t have any position in any of the stocks mentioned in this post, nor have I over the last few days. 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