Morituri te salutant = Those who are about to die, salute you

Posted on by The INO.com Team

I recently had the good fortune to travel to France with my wife on holiday. We both wanted to go to Provence which is an area in France that is steeped in history and Roman antiquities.

Okay I admit, we did eat some great food and how could we not drink the wine. What's that expression, "When in Rome … "? Also Provence is home to Châteauneuf du Pape, one of the worlds best known wine regions.

We traveled all over Provence taking in the sights, smells, and yes, our share of wine. It was during a visit to the small city of Arles that the immensity of the Roman Empire really struck me. It was there that I witnessed the awe of a true Roman amphitheater.

This brings me to the popular myth, "Morituri te salutant," known as the gladiators salute. This was what was supposedly said before every gladiatorial contest in Rome and cities like Arles before the gladiators went into combat. Now I ask you, is that something that you would say before going into hand-to-hand combat with an uncertain outcome? I can think of a great many things I would be say, but "Morituri te salutant" would not be one of them.

It was there in Arles that I realized I could actually touch history; it was there that I discovered how much we, as traders, have in common with the gladiators of old. Right now you're probably thinking, Adam you been sipping on too much wine, right? But, the question I have for you is, are you a gladiator in the markets?

Let me explain my thoughts. It is a pretty well-known fact that most people that trade in the futures and forex markets lose money, or to put it another way, get "killed" in the market. The guesstimates range from 80-95%, depending on who you talk to, but it is definitely up there. It's not unlike the gladiator fights of old when only a few gladiators ever won their freedom and made it out alive, but when they did, they were showered with money and glory.

I want you to become that winning gladiator today so you to can enjoy the riches of winning in the markets.

Here are five easy steps to put the odds in your favor. These five steps will make sure that you walk out a winner in any trading arena.

One: Trade with a game plan
Two: Diversify into different arenas
Three: Implement good money management stops
Four: Act and think confidently
Five: Follow all of the above

Unlike the gladiators of old where the odds were stacked against you, traders who follow the five steps outlined above will become winners in any market arena you choose to fight in.

Thanks for taking the time to read this blog. I welcome your feedback and comments.

Every success,

Adam Hewison
President, INO.com
Co-creator, MarketClub

17 thoughts on “Morituri te salutant = Those who are about to die, salute you”

  2. Your 5 easy steps are perfect..and

    Love your picture...

    I will imagine myself there one day in the near future and I shall be writing you!

    Norma

  4. Hi Adam, Yeah the analogy is well fitting! Some basic principles in nature are rigid and are with us always!, like the 60 / 40 universal rule or the 80 / 20 rule, also known as Pareto's principle (after Vilfredo Pareto, an Italian economist who devised the concept in 1906...

    Anyway I relate to this principle/law with first hand experience (like a lot of people) .... had my head delivered on a tray twice!!!! lost 2 accounts! Aiaiaiaia... Anyway you learn from ones mistakes ..but its a real tough game! to say the least!.... mainly because of the massive advantage the market movers have over the retail players! Almost like your analogy... the power to change the rules and forces at will by the Emperor to manipulate the advantage to suit himself at any time, at the cost of the players! - seems not a lot has changed as you point out! Anyway, now at least I know what I'm facing... so caution caution caution... ... also remembering the rule .."you don't bet, you don't get" ... Risk is an integral part of progress.

    Anyway re the South of France... I was in Nice and was astounded at the size of the monument to the fallen... here a photo blog I did to try and impress the momentum of this monument.

    http://socialfoundation.blogspot.com/

    Lastly , I came across this quote... don't know the author but I liked it " Experience is what you get when you don't get what you want"... also quite appropriate to the analogy of the markets!

    Safe Trading everyone, keep looking over your shoulder.
    Cheers
    Phil

    My general photo blog ... http://www.pjk123.blogspot.com many pix of the Cotswolds area in the UK where I live.

  6. Sr.Presidente!
    Claro que o sr.ADÂO já tem um nome que faz parte da historia da humanidade.Já analisei que é uma pessoa boa e que inspira confiança aos investidores.Tambem gosta de viver a vida.Eu tambem gostaria mas DEUS só deu essa possibilidade e a alguns.O senhor foi um dos contemplados.
    Eu tenho tentado mas não tenho sido feliz...A vida é uma passagem e é gozala conforme se pode.

    O seu incentivo é optimo!
    Um abraço

    Jose Gomes

  7. Love your stuff and unbiased presentations. Always read your comments and watch your video with great interest and joy. Thank you for that.
    My warmest regards to you Adam.

    Lili

  8. I always been perplexed by those that hold on the hope it will return... it doesn't always. It always takes longer to earn money than it does to lose it... that's a basic principle of life (like gravity). It can be defied, but not often or for too long!

  10. You seem very genuine in your advice.

    I am a coach in another field and all it it takes is for the student

    to understand and follow the simplicity of the basics.

    Thanks

  13. It would sure help me if you had the name of the company on the chart as well as the stock symbol. I'm sorry but when I watching what I own, what I'm thinking about owning and want to follow and others just for industry direction, I can't always remember them all.

    Also Adam, when you use charts on one of your briefings, please expand the chart to use the whole screen. When you just use a third of the screen you can't read anything except see the lines and I have a good 19 inch flat screen. Would it help if I got a 32 inch screen?

    Do you have a training program on how to use the Fibonacci or whatever it is?

    You have a lot of good stuff but I'm having trouble figuring out how to use it.

    Thanks, Bill

    1. William,

      Thank you for your feedback.

      To answer your first question we are working on that element as we speak. In regards to the charts on the videos they are a fixed size. The charts for MarketClub expand to the entire width of your computer screen or if you're using a big-screen TV it expands to the width of the TV. For example in our corporate boardroom we have a 55 inch flat screen TV that we use to explain new things on our website.

      In regards to Fibonacci we have a number of blog postings explaining this phenomenon. It really is quite simple that for every action there is a reaction against the trend. I think as you watch some of our other videos you get the hang of it very quickly.

      Here are some rules for trading with our trade triangles.

      How "Trade Triangles" work in stocks.
      The major "Trade Triangle" to watch in trading stocks is the monthly "Trade Triangle" as this triangle determines the trend. We use the weekly "Trade Triangles" for timing purposes. Let me give you an example, if the last monthly "Trade Triangle" is green this indicates that the major trend is up for that stock. You would then use the initial monthly "Trade Triangle" as an entry point and use the weekly red "Trade Triangle" as a stop out point. You would only reenter a long position if and when a green "Trade Triangle" kicked in. You would then use a weekly red "Trade Triangle" as a stop out point. Providing that a monthly green "Trade Triangle" is in place the trend is positive for the stock. The reverse is true if a red monthly "Trade Triangle" shows that the trend is down. You would then use the weekly "Trade Triangle" for entering and exiting the market.

      How to use trade triangles in futures and Forex.
      In the futures and Forex markets we use the weekly "Trade Triangles" for trend and the daily "Trade Triangles" for timing. Let me give you an example of how that works. If a green weekly "Trade Triangle" is in place it indicates that the trend is positive for that market. Initial entry point would be on the weekly green "Trade Triangle" and then you would use a red daily "Trade Triangle" as a stop. For example if the trend was up on the weekly you would exit a position on a red daily triangle. This is not to go short but only to exit the position and wait for the trend to reestablish itself on the upside. In the event the trend that does not reestablish itself and reverses with a weekly red "Trade Triangle" you would go short on the weekly "Trade Triangle" and use the daily "Trade Triangle"for money management and reentry points.

      All the best,
      Adam

  14. HI Adam
    Love your website, esp the videos, love Europe like you did, but where can i get a Marketclub T shirt.
    Regards Colin

    1. Colin,

      Great idea. Maybe we should look into getting some MarketClub T-shirts printed for our members.

      All the best,
      Adam

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