Tag: risk management

Gold Wipe Out Highlights Unbiased Risk Management

Posted on by The INO.com Team

The damage in the precious metals began back in November when the critical 460 support level was broken on HUI.  Anyone who did not acknowledge that the violation of this level (the neckline to the 2011 topping pattern) was important – or as NFTRH called it “abnormal” to a bullish case – was looking through rose colored glasses.

After that came a bottoming attempt, a failure in January, numerous bottom calls from around the gold analyst spectrum and a series of bear flags that served to reset over sold status just enough to fuel each new plunge. Continue reading "Gold Wipe Out Highlights Unbiased Risk Management" →

Weekly Futures Recap with Mike Seery

Posted on by The INO.com Team

We’ve asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Energy Futures--- The energy futures had a wild trading week with heating oil the big story after breaking out from 3.10 a gallon a couple weeks back hitting a 3 ½ month high and as I had advised buying the 3 ½ month breakout to the upside now up another 400 points today at 3.2425 in the March contract a gallon hitting an 11 month high up around 800 points for the trading week due to the fact of a big storm hitting New England. Crude oil futures were slightly lower this Friday afternoon down around $2 for the trading week with major resistance at $98 and major support at $95 still stuck in a sideways channel after consolidating after hitting 4 month highs and still trading above its 20 and 100 day moving average. Unleaded gasoline which is been the strongest in the energy sector trading far above its 20 and 100 day moving average consolidating for the week basically trading unchanged this Friday afternoon finishing up over 500 points still at 1 year highs on the fact that demand around the world is increasing tremendously pushing prices up as stock markets are also improving around the world increasing optimism. Continue reading "Weekly Futures Recap with Mike Seery" →

Risk Management Remains Job 1

Posted on by The INO.com Team

I have been writing about risk management for quite a while now in the newsletter and want to be a little more explicit about it now here on the site.  We’ll use weekly charts to illustrate.

The nominal gold price has done nothing unusual, even after yesterday’s hard decline to the 35 week exponential moving average.  If it breaks through that level, then a bearish sign will be in place and the next stop would likely be the noted support zone in the low 1600′s. Continue reading "Risk Management Remains Job 1" →

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

Posted on by The INO.com Team

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

Here’s why…

I started in the commodities business 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!" →

How To Enter & Exit Forex Trades in 60 Seconds or Less

Posted on by The INO.com Team

Protecting profits while limiting risk is key, but how safe too safe? The goal is to turn a profit without giving it all away in pullbacks and commission fees. Today Bill Poulos, of the renowned mentoring service Profits Run, will show us how he quickly enters trades with limited risk, and yet still profits from big moves. Be sure to comment with your thoughts and check out Bill's new service,  Forex Profit Multiplier.
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When it comes to Forex, most traders focus on where and when to enter the trade, and pay little attention on when to get out.

This is a big mistake. Continue reading "How To Enter & Exit Forex Trades in 60 Seconds or Less" →