(Recorded on 11/19/24) In Module 5, learn how to harness the power of Average True Range (ATR) to improve your day trading success. You’ll discover what ATR is, how to calculate and add it to your stock charts, and how to set profit targets and stop losses using...
‘LEARN TO TRADE THE TREND’
Stop Worrying and Learn to Trade the Trend
FollowTheMoney.com – At Follow The Money, we believe that your spiritual life comes first, followed by your family, and then your finances.
And when it comes to finances, it seems far too many people spend their lives worrying about things that they cannot change instead of seeking real solutions.
The thesis put forth by Follow The Money is crystal clear: The global economy is a ‘house of cards.’ When the jig is up, the U.S. stock market will be hit particularly hard. (Notice the future tense “will be.”) The coming market collapse that will make the 2008 crisis look like a warm-up is not here yet. But it’s coming.
All markets move in only one of three directions at any one time: UP, DOWN, or SIDEWAYS. Currently, which direction are U.S. stocks moving? They continue to trend higher.
I am convinced that more people would be successful at investing and trading if they simply spent more time following the market’s existing trend and less time living in deep friction with, or even in denial of, the existing trend.
Below is a chart of the S&P 500… Since the depths of the 2008 financial crisis, those who have stayed out of the market have lost out on one of the sharpest and quickest bull markets in U.S. history. Anyone who bought a plain vanilla index ETF, such as the SPDR S&P 500 ETF (Ticker: SPY) in mid-2009 is now sitting on nearly 200% in gains less than five years later!
(If you are interested in learning more about our trading system, click here.)
Last month, I alerted our subscribers to a new breakout in nickel prices. Since March 18, the spot price of nickel has risen from $7.34 to $7.54, a 2.72% increase.
The month before that we caught the breakout in agriculture, which has risen by nearly 10% since mid-February when we alerted our subscribers.
Our Profit Trakker trend trading system is designed to generate profits when the U.S. stock market is going up… and when it is falling like a rock.
That’s right. Our trading system works in reverse! It doesn’t matter if the stock market is rising or falling.
Now, in today’s complex investing environment, the successful investor/trader must completely divorce himself from any preconceived notions he has about what the stock market is “supposed to do.” No one knows what the stock market will do tomorrow, let alone next month or next year.
The U.S. stock market is increasingly sensitive to global events and technology like never before. One simple impact with any of the myriads of unknown and uncertain externalities can instantly change the direction of the market.
The godfather of monetary intervention himself, John Maynard Keynes, is said to have framed the market timing dilemma this way: “The market can remain irrational longer than you can remain solvent.”
Are today’s markets irrational? Yes, indeed.
But is market “rationality” a prerequisite to earning profits from these markets? Absolutely not… Especially if you learn to stop worrying and simply trade the market’s existing trend.
Until tomorrow,
Jerry Robinson
TODAY’S TAKEAWAY: Wise investing doesn’t have to be complicated. When done right, it should leave you with plenty of time to spend on the most important things in life.
Inside this Issue
Stocks Surge After Fed Minutes
Investors had some bounce in their step Wednesday as first quarter earnings season kicks off and the Fed sounded a dovish tone.
HILSENRATH: 6 Takeaways from the Fed Minutes
Here’s a quick bullet point summary of the latest FOMC minutes…
Corporate Profits Seen Down in Q1 for First Time Since 2012
Major companies begin reporting their earnings this week.
Charge Your Phone in 30 Seconds? An Israeli Firm Says It Can
StoreDot Ltd., a Tel-Aviv based start-up, has unveiled a prototype smartphone charger that promises to take your battery from a tiny sliver of red to 100%, all in about 30 seconds.
New Mortgage Lending at 14-Year Low
Mortgage originations in February fell to their lowest level in at least 14 years due to the months-long plunge in refinancing activity and weak demand for loans to purchase new homes.
View the Investor Wire Archive >>
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Trade Alert – April 10
All positions making solid gains on Wednesday!
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View our Trading Performance >>
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Note: The above list of stocks is taken directly from Jerry Robinson’s personal stock trading watch list.
U.S. Financial MarketsReal-time Gold and Silver Prices
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Precious Metals Market Update with Tom Cloud
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View Our Current Precious Metals Specials Here >>
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View the Daily Chart Archive >>
White House Allows CIA To Heavily Edit Torture Report
A “stain on our history that must never be allowed to happen again.”
Russia And China About To Sign “Holy Grail” Gas Deal
It’s time for an update…
40 Central Banks Are Betting This Will Be The Next Reserve Currency
Can you guess which currency it is?
Survey: U.S. Sees Sharpest Health Insurance Premium Increases in Years
The hikes — the largest in the past three years — are “largely due to changes under the Affordable Care Act.”
Iraq Ready to Legalize Childhood Marriage
Children in Iraq could be legally married before the age of nine under sweeping legislation that introduces new religious restrictions on women’s rights.
Merkel Denied Access To Own NSA File
U.S. officials have ignored a request from German Chancellor Angela Merkel to see her secret service file.
Stock Trading Bootcamp 2014: Part III
Broadcast Every Weekend – Hosted by Jerry Robinson
Topic: In Part III of our Stock Trading Bootcamp podcast series, Jerry Robinson shares three different approaches he personally uses to trade stocks.
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Read This Week’s Show Notes >>
“A Daily Dose of Financial Wisdom from God’s Word”
“Remember the Lord your God, for it is He who gives you the ability to produce wealth.”
Deuteronomy 8:18
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