Edition 291 Wednesday, March 24, 2010
Edition 291 Wednesday, March 24, 2010 |
|
|
|
| If you have problems reading this newsletter, please follow this link Add Spread Scan (info@spread-trading.com) to your address book to ensure complete delivery. Learn more. Spread Scan with Commentary
|
|||||||||||||||||
 |
Commentary by Andy Jordan
|
|
|
On March 18 we told subscribers of our professional daily spreads & position/swing trading newsletter Traders Notebook, "Consider selling the April Gold at 1118 stop market; suggested stop at 1124; suggested first target at 1112. Basis is a TTE in front of a 1-2-3 high."
Here's how we suggested managing this trade:
03/19 Short at 1117 (slippage); hit suggested first target; suggested stop for the second lot at b/e; suggested final target at 1075.
03/22
Suggested stop at 1110.
Visit our Spread Website for more information about our daily newsletter, Traders Notebook.
© by Trading Educators, Inc. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc
When it comes to trading, it seems that the more you know, the less you know, and the more you become confused.
People have the tendency to believe that the accuracy of their forecasts increases with more information. This is the illusion of knowledge - that more information increases your knowledge about something and improves your decisions. |
However, this is not always the case - increased levels of information do not necessarily lead to greater knowledge. There are three reasons for this. First, some information does not help us make predictions, and can even mislead us. Second, many people may not have the training, experience, or skills to interpret the information correctly. And finally, people tend to interpret new information as confirmation of their prior beliefs. |
 |
Day Trading Seminar for
|
LEARN FROM MASTER TRADER JOE ROSS
This trading seminar, including how to trade the E-mini S&P, Forex, and Stocks, will forever change your understanding of the markets and be a life-changing experience for you. The seminar tuition includes comprehensive training materials, lunch, and refreshments on both days.
Many traders lose far more money in a few days than the price of the seminar. When you trade using the techniques you learn at the trading seminar, your losses will be considerably less, and your trading account will continue to grow as you apply what you learn.
I WANT TO ATTEND THE TRADING SEMINAR AND
RESERVE MY SEAT NOW!
If you wish to review Spread Scans from the past 3 months,
please follow any of the following links to its weekly issue:
January 2010 |
February 2010 |
March 2010 |
NEXT LIVE CHAT SESSIONS WITH JOE ROSS:
Wednesday, March 31, 2010
We
hope you will join us!
Here
is where you login to Joe's Wednesday Chat
You can also view our saved weekly Chat Logs in case
you missed any Chats but want to be up-to-date
NEXT EURO CHAT SESSION WITH JOE ROSS:
Wednesday, March 24, 2010
Wednesday, March 31, 2010
We hope you will join us!
Here is where you login to Joe's Euro Chat
You can also view our saved weekly Chat Logs in case
you missed any Chats but want to be up-to-date.
 |
We created our Trading Community Forum for the purpose of providing positive, uplifting educational material to traders who want to participate. There is much to be gained from the collective wisdom and experiences of those who choose to participate. Let's share what we have learned that has been helpful. Let's all push forward to exchange new ideas and interesting concepts. |
There is no "one" way to trade correctly. Trading is as individual in its nature as anything in this world can be. The only thing that is right is what works for you.
If
you are willing to share what works for you, then we welcome you.
Your ideas may help someone else on his/her way to success. In turn,
you may pick up an idea or piece of information that will help you
to become a better trader.
Joe Ross has been trading the markets, virtually all of them, beginning
over five decades ago. He is now in his seventh decade
of life, so he has the experiences of many years that he is willing
to share, as he is already doing through his books, seminars and newsletters.
We hope you decide to join us in our forum to make your contributions
as well.
You can follow this link to our forum now!
The Spread Scan weekly newsletter is designed to assist you in becoming a better, more complete trader by showing you, within the context of the markets, how to trade spreads.
In this newsletter you will see applications of spreading in the futures and commodity markets. Spreads are applicable to all futures markets including currencies, commodities, financial instruments, and stock indexes. It is even possible to trade spreads in the all-electronic intraday market using day trading techniques.
Spreads are based on seasonality, correlation, backwardation, chart patterns, and simple observation. Spreads follow the Law of Charts™ and can be implemented using the Traders Trick™ entry.
In each issue of Spread Scan, you will find an upcoming spread trade for your consideration in the following week. You will also find a review of an existing or closed spread so you can see and learn how spread trades are managed.
Spreads offer you the most efficient use of your margin account of any other way to trade. Many traders find they like them so much that spreading becomes their primary way of trading.
Each week we present spread trading examples and opportunities to help you become a more professional spread trader, and we provide you with helpful content of interest to traders.
Be sure to "white list" us to receive all your issues of Spread Scan, so that you can continue to enjoy learning through the best free educational trading information available, and so that we can inform you about additional educational services and products to help you grow as a successful and profitable trader.
Educator for Spread & Swing Trading and Editor of Traders Notebook & Spread Scan
Andy Jordan made his first option trade at the age of 18. Since then he has been fascinated by the world of trading. In 2002 he met Joe Ross, and became interested in spread trading. Andy was then intensively tutored by Joe Ross and personnel at Trading Educators. Andy is the founder and president of Jordan Trading, S. A. Even though Andy has shown through live chats and in several trading journals that he is able to day trade today's markets, spread trading has always been his preference. In addition to his own spread trading activities, Andy is the editor of Traders Notebook. For those interested in one-on-one personal coaching, Andy has developed and instructs an online course in spread trading, "Trading Mentoring - Trade with a Pro," during which he demonstrates all aspects of trading from choosing the trades on through how and when to enter the trades, manage the trades, and exit the trades.
Andy Jordan was born 1965 in Germany, but is currently living in the Caribbean. He has studied mathematics and business administration in Regensburg and Hagen, and holds a PhD in mathematics.
Joe Ross has been trading and investing since his first trade at the age of 14, and is a well known Master Trader and Investor. He has survived all the up and downs of the markets because of his adaptable trading style, using a low-risk approach that produces consistent profits.
Joe Ross is the discoverer of the Ross hook™, and has set new standards for low-risk trading with his concepts of "The Law of Charts™ " and the "Traders Trick Entry™." Joe was a private trader and investor for much of his life, but a serious health situation in the late 80's caused him to shift his focus, and that is when he decided to share his knowledge. After his recovery, he founded Trading Educators in 1988, to teach aspiring traders how to make profits using his trading approach.
Joe Ross has written twelve major books and countless articles and essays about trading. All his books have become classics, and have been translated into various languages. His students from around the world number in the thousands. His file of letters containing thanks and appreciation from students on every continent (now including Antarctica!) is huge. As one tutoring student, a successful trader, wrote: "You have no idea how much improvement in my life and in my trading efforts have those three days with you brought to me."
Joe Ross holds a Bachelor of Science degree in Business Administration from the University of California at Los Angeles. He did his Masters work in Computer Sciences at the George Washington University extension in Norfolk, Virginia. He is listed in "Who's Who in America." After 5 decades of trading and investing, Joe Ross still tutors, teaches, writes, and trades regularly. Joe is an active and integral part of Trading Educators. He is the primary author and Editor-in-Chief of the company's newsletters: Chart Scan™, Spread Scan™, and Traders Notebook™. He is also the editor of the Traders Money Club™ and the host of the free Traders Live Chat, the free European Chat for Traders, and the moderator of his popular trading forum.
Joe's philosophy for helping traders is:
"Teach our students the truth in trading — teach them how to trade"
Joe sets forth the mission of Trading Educators as follows:
For information about Joe Ross and Trading Educators, please follow this link...
This email was sent to you by Trading Educators. Help ensure that your Spread Scan email newsletters are always delivered to your inbox (rather than to bulk or junk folders).
Log in to your email account now and add
info@spread-trading.com to your address book, contacts or “Safe Senders” list. Follow this link to get detailed help on how to add this newsletter to your safe senders list, depending on your e-mail service provider.
To change your subscription or to unsubscribe, scroll past the end of this newsletter and click the "unsubscribe" link.
Copyright 2010. Published by Trading Educators, Inc.
Spread Scan is a complimentary educational letter.
The information contained in this educational letter has been carefully gathered from sources believed to be reliable, but accuracy cannot be guaranteed. Readers should not assume that anything written here is to be considered as a recommendation, or that any performances shown will equal performances of the past.
This educational letter is intended solely for purposes of information and does not purport to provide legal, tax, or individual investment or business advice.
Readers should consult with expert legal, tax, business, and financial counsel before considering any action on the information contained in this newsletter. The publisher and its associates, editors or employees may have taken positions in and may from time to time make purchases or sales within markets and market vehicles mentioned herein. Reproductions of this newsletter are prohibited except by permission.
Joe Ross & Trading Educators, Inc. own all rights, title and interest to this publication. No part of this publication may be reproduced, in whole or in part, or by any means, mechanical or electronic, without permission in writing from the Publisher. You have no rights to resell, reprint, reproduce, or digitize Joe's Spread Scan Newsletter. While all attempts have been made to verify information provided in this publication, neither the author nor the Publisher assumes any responsibility for errors, omissions, or contrary interpretation of the subject matter herein.
This publication is not intended for use as a source of any advice such as legal, medical, or accounting. The Publisher wants to stress that the information contained herein may be subject to varying international, federal, state and/or local laws or regulations. The purchaser or reader of this publication assumes responsibility for the use of these materials and information. Adherence to all applicable laws and regulations, including international, federal, state and local, governing professional licensing, business practices, advertising and all other aspects of doing business in the U.S., Canada, or any other jurisdiction is the sole responsibility of the purchaser or reader. Neither the author nor the Publisher assumes any responsibility or liability whatsoever on the behalf of any reader of these materials.
FOLLOW THIS LINK TO TRADING EDUCATORS MAIN WEBSITE TO FIND AN OVERVIEW OF THE SELECTED PRODUCTS AND SERVICES FOR OUR SPRING SALE, 2010
IMPROVE YOUR MANAGEMENT OF YOURSELF AND OF
YOUR TRADING BUSINESS
In "Trading Is a Business" Joe teaches you how to do both, as well as how to deal with risk management, money management, and trade management. You learn the right way to think.
Joe Ross' Trading Is a Business continues to be not only our bestselling book, but the one Joe says is the most important book he’s ever written.
'Trading Is a Business' is a book that has changed many people's lives over the years. Many traders say that after reading Trading Is a Business, they became profitable for the first time.
Are you ready for this empowering book?
GREAT! Please follow this link to visit our website.
SPREAD TRADING - GET A PROFESSIONAL MENTOR BY YOUR SIDE
If you need a helping hand to turn your spread trading into a successful business, we encourage you to sign up for our
1-month "Spread Mentoring Program," a complete training experience with our professional spread trader, Andy Jordan.
The training is for all traders - beginning, intermediate, and advanced.
Together, you and Andy Jordan will define the steps necessary to reach your goals, and Andy will give you a detailed plan of how to grow your trading capabilities to a professional level.
OUR GOAL FOR YOU:
At the end of the one-month mentoring program, you will be able to trade spreads ON YOUR OWN! You will have YOUR OWN trading plan, and you will know precisely how to trade in a profitable and consistent way. For further details regarding Andy Jordan’s Futures Spread Mentoring Program, please follow this link to our Spread Trading Website.
Visit Joe Ross' Online Blog "Trading for a Living"
JOE'S LATEST BLOG ENTRIES:
Trading Seminars: An Objective Look
The more you know, the less you know
When Prices are Getting Ready to Break Out
Trading Educators on FACEBOOK - Become a FAN of Trading Educators
Spread Scan with Commentary |
1509 Jackson Drive |
Office hours are Monday - Friday, 9 A.M. to 5 P.M., U.S. Central Time |
Disclaimer: |
