Tag: Stops

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.

Silver Futures

Silver futures had a volatile trading week in New York still trading below their 20 and 100 day moving average settling last Friday at 16.83 while trading this afternoon at 17.30 spiking $.50 higher on Wednesday due to the fact that the Federal Reserve basically stated that they will continue to keep interest rates low for the foreseeable future sending the precious metals sharply higher, however they are unable to sustain those levels as silver prices are currently trading lower by 10 cents. If you took the original recommendation selling at 20.44 several months back continue to place your stop above the 10 day high which currently stands at 17.72 which is only about $.40 or $2,000 risk per contract at these price levels as the chart structure has improved dramatically allowing you to place tight stops minimizing monetary risk. Many of the commodity markets continue to move lower, however the U.S dollar reacted negatively to the Federal Reserve statements helping prop up silver prices but I do think the U.S dollar is in a long-term bull trend so I still look for lower silver prices ahead so continue to place the proper stop making sure you risk 2% of your account balance on any given trade.
TREND: LOWER
CHART STRUCTURE: OUTSTANDING Continue reading "Weekly Futures Recap With Mike Seery" →

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.

Silver Futures

Silver futures in the December contract settled last Friday at 17.53 currently trading at 16.75 down about $.30 in New York this Friday afternoon as the U.S dollar is up over 100 points this afternoon sending the precious metals sharply lower as silver has hit a 5 year low and if you took my original recommendation selling at the 4 week low of 20.44 continue to place your stop at the 10 day high which stands at 18.00 as the chart structure will improve on a daily basis. I remain very pessimistic silver prices and I do think that prices will continue their downtrend as the U.S dollar is very strong to the upside and I do not believe that trend is going to reverse so continue to sell rallies in this market placing the proper stop loss as the commodity markets in general over the last several months have been very pessimistic and I don’t think the bottom has occurred. Silver futures are trading far below their 20 & 100 day moving average continuing to grind lower as deflation in Europe and around the world is a real concern and that is also helping put pressure on prices here in the short term as nobody wants to step in front of a falling knife and that’s what’s occurring at this time as platinum prices are down another $45 this afternoon. I’ve been trading commodities for over 20 years and the one lesson I try to harp on is the fact that you must be a trend follower & the trend is to the downside because it’s easier to trade with the path of least resistance rather than trying to pick a top or bottom.
TREND: LOWER
CHART STRUCTURE: IMPROVING Continue reading "Weekly Futures Recap With Mike Seery" →

Use Stops To Protect Your Capital And Lock In Profits

Posted on by The INO.com Team

Stops are definitely important given the volatile conditions of today’s domestic and international economy. They are an enormously important part of a trader’s arsenal of trading tools and some traders confirm that stops are the most important part of their trading armor.

Learn more about using stops here.

The Importance Of Stops

Posted on by The INO.com Team

Some traders may question the importance of stops and be concerned about putting a stop in the market, only to be quickly stopped out for a loss. Nothing could be further from the truth! Stops allow traders to protect and grow their capital. You can use the different types of stops to your advantage, and tailor them to your strategy and the type of market you are trading.  Let stops work for you!  They only risk what you decide is worth it.

Learn more about using stops here.

3 Ways To Improve Your Trading This Summer

Posted on by The INO.com Team

As traders, we are always looking for a trading edge, but sometimes we can overlook the big picture and miss how we can change some fundamental ways in which we approach and make trades.

For myself, one of the key elements is to be disciplined in one's trading. I must say that it’s easy to say, but, it did take me quite some time to master this skill.

Often you want to justify your position, and you listen to someone else who thinks the same way you're thinking, even though you both could be wrong on the trade. When you follow that line of thinking you are doomed, as you tend to keep pointing to the other person and use them as a crutch for a trade that has gone bad. This can create bigger and bigger losses for your account so, much so that it freezes your brain to the point you can’t see other market opportunities. It also gets to the point where you say to yourself, "I’ve lost so much money I can't get out now." This is not the attitude to have if you want to be successful. The good news is there is an easy cure for that, and you must follow it if you are going to be successful.

The one easy cure for this is using stops in the market.

I used to listen to Ron Popeil pitching the Ronco 4000 Showtime Standard Rotisserie on TV and the keywords he always used to say after you put the chicken is was “Set It And Forget It."

I'm not sure if Ron Popeil ever traded in the markets, but his concept of “Set It And Forget It” can be applied to stops. Simply enter your stops and leave them there until either you are stopped out, or you have taken a profit on the position.

You can still take a profit on a position even if you get stopped out… You simply keep moving your stops up as the market moves higher. Doing so helps you lock in a profit when the market reverses. So use Ron Popeil’s “Set It And Forget It” philosophy for your stops. It could be the difference between eating chicken and having nothing to eat.

The other key thing to trading is to trade Continue reading "3 Ways To Improve Your Trading This Summer" →