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Question and Answer 2012 Market Predictions Our NetPicks Coaching Team put together their market predictions for 2012. Listen as our NetPicks coaches field questions from our members about the year to come in 2012. Transcript Mark Soberman: Thanks, Ron, we appreciate that. So this is a portion of the presentation where you get a chance to ask some question. So we’ll let you all do that. I wanted to try to dig out my 2011 predictions because, honestly, I have no idea how I did, good or bad. And so you guys are brave enough to show your last year predictions so I try to dig out my slide from last year. And if you do have questions, go ahead and put those in and I’ll jump over to those, myself or the other coaches, I will answer. So look at last year. I mean I did it right. I …
Fibonacci and Moving Average In the last post, we covered two very popular methods that technical traders use to trade. Horizontal support and resistance along with trend lines are in almost every trading book you will ever pick up. Check out any forum on trading and you will also see these two talked about at length. Entire trading strategies are made up of these two ways to keep track of technical levels. This multi part article is not about a strategy though. We want to focus our efforts in finding the high probability areas to take trades off of. That is going to lead us to two more methods we can use to identify where the majority of traders may take trades from. Knowing this allows us to increase the probability that our trades will be winners. Does this sound too good to be true? Look at it this way. …
Ron Weiland 2012 Market Predictions Our NetPicks Coaching Team put together their market predictions for 2012. Listen as NetPicks Coach Ron Weiland discusses his predictions for the year in trading to come. Transcript Ron Weiland: Okay. Sorry about that. I was saying, “Yeah, can you see my screen?” but you can’t hear me. So good sound, good screen? Mark Soberman: Yup. Ron Weiland: All right. Sounds good. Well, last year I made the prediction that oil hit $100 a barrel. And obviously, it did easily. This year a little — even though I was — $100, you know, one for one, you know, I was going to show you a couple of charts. And $104 is the next big level. So we’re going to look at that. We’ll look at the Euro. And I think it will break below 1.2800 but it’s got some more room on the upside. So …
Creating targets and objectives for the year ahead is such an important part of running trading like a business. Having done this, it is much easier to quantitatively and qualitatively assess performance and then adjust things as necessary. Goals also help maintain a level of performance in that they give you something to shoot for. They force you to be specific with deadlines and they create clear accountability. For anyone who is willing to commit the time and effort into thoroughly devising them, goals and objectives can be significant motivational tools. The trouble is that so many people overlook this exercise as either unnecessary or just because they don’t know how to go about it. In the knowledge that there are many different strategies out there traded by people of all different skill levels and objectives, here are a few areas you might want to consider in constructing you own …
Will Feibel 2012 Market Predictions Our NetPicks Coaching Team put together their market predictions for 2012. Listen as NetPicks Coach Will Feibel discusses his predictions for the year in trading to come. Transcript Will Feibel: Okay. Thank you, Mark. Oh, there we go. Show my screen, yes. All right. Hopefully — oh, there you go. Not what I wanted to show but there you go. So just to talk about what I said last year, I was really expecting last year that the markets were going to breaking out from the consolidation we’d seen in the previous couple of years, really. And that didn’t happen, so a big failure on that prediction. And I talked about continuing to use the minimalist approach to trading and also diversifying into more stock swing trading using options which I did not do. I just got distracted with other things and never really put …
And Deciding Whether to Trade Them As a follow up to my trading at lunch(or not) article, I thought I’d discuss trading generally over periods of abnormal activity. This should include periods of both higher and lower volatility. Anything which might affect either the risk:reward of a strategy or the psychology of a trader, should be taken into account. First things first, we need to define abnormal activity or volatility. Some traders like to look at the VIX for example if they trade index futures. However, I prefer to look at metrics based on the actual products I trade themselves. Looking at simple stats such as average daily volume and range, we can get a pretty decent idea and even more so if we monitor these by 30min time periods. There are various ways to look at conditions, so decide on one and then monitor it. Once we have defined …
Bob Malinowski 2012 Market Predictions Our NetPicks Coaching Team put together their market predictions for 2012. Listen as NetPicks Coach Bob Malinowski discusses his predictions for the year in trading to come. Transcript Bob Malinowski: Okay. Let’s see. I grabbed the mic and I thought I grabbed the — let’s see. Can we see anything? Well, I don’t see anything. Hello. Mark Soberman: We see a blue screen. Brian Short: We see your background. Bob Malinowski: Yeah. That’s — oh I see that. Will Feibel: You probably set it to the wrong monitor. Bob Malinowski: Oh, something happened. Will Feibel: You won’t see anything on your monitor, Bob. As presenter, you don’t see it. Okay. Now we see your – Bob Malinowski: Okay. There was a little momentary pause there. Is my screen up right now? Mark Soberman: Yup. Bob Malinowski: Okay. Great. Well, this has been really fun listening …
Mark Soberman 2012 Market Predictions Our NetPicks Coaching Team put together their market predictions for 2012. Listen as NetPicks analyst James Kessick discusses his predictions for the year in trading to come. Transcript James Kessick: Okay. It’s there but it’s not actually started the slideshow yet. Mark Soberman: It’s kind of, unfortunately, dragging for some reason. Any time you’re ready. Brian Short: You just made a funny, Mark. Mark Soberman: I did? Brian Short: You just said it was “draggin;”. What’s on the screen. Mark Soberman: That’s very good. Brian Short: Yeah. What a comedian. Mark Soberman: I don’t even know what I’m being funny. I’m not good. Of course, it’s really not funny when I can’t get James’ slideshow to start here. Okay. Come on. There we go. Is that working? James Kessick: It’s working now. Mark Soberman: All right. That’s a relief. James Kessick: Okay. Well, anyway — …
NetPicks Authors Series MP3: Download Interview Here (Right-click and “Save as.”) When it comes to investing, we’re usually taught to “conquer” our emotions. But our next special guest in our NetPicks Author Interview Series actually sees it in reverse: We can use our emotions as an edge. Join us as we sit down with Denise Shull, author of ‘Market Mind Games‘ – a fascinating book that weaves the story of contemporary neuroscience into a compelling argument for rethinking how we think about RISK. (Everyone’s favorite demon!) Combining her expertise in neuroscience with her extensive trading experience, Denise and I will give you actionable tips on how to improve your decision making by navigating the shifting relationships among reason, analysis, emotion, and intuition. This is your “psychological capital” — and it’s the key to making your best judgment calls in the midst of any market. About the Author Denis Shull, the …
Part 1 One thing traders love to do is to always attempt to increase the probability of a successful trade. Why not? After all, who wants to enter a low probability trade? As a side note…kneejerk traders who fall victim to fear and greed are the low probability main culprits. One question that comes up when talking about probability of success is what constitutes a higher probability. That is what this article is going to look at. Regardless of your school of thought or method of trading, it is humans that move the market. Sure, you may be using a blackbox strategy or an expert advisor such as Eurorise but the bottom line is these were programmed by humans. The whole idea behind the strategy came from the thoughts of a trader. When several factors are in play at the same time, does it not increase the chances of a …
