Tag Archives for " t3 live "
How to Save 50% on Our Black Friday Sale
EDITOR’S NOTE: Our 2018 Black Friday Promotion is over. If you have any questions, call 1-888-998-3548.–> Click Here for Our 90% Off Cyber Monday Sale 00 Days 00 Hours 00 Minutes 00 Seconds How to Save 50% With Our Black Friday SaleTIP: you actually don’t have to make any payments today! If you qualify for PayPal financing, you can set up a payment plan with 6 months of interest-free financing. Just select PayPal at checkout and you’ll be on your way. 1) Click to Visit Our Black Friday Sales Page2) Add More than $2,500 Worth of Products to your Shopping Cart3) We Take 50% Off!That’s it. Everything on the page is on sale, so now is the time to get in.Choose how how much you want to save – $1,250, $2,000, or even more!(Please Note: Black Friday bundles are not refundable)Get Your Deal Now ==>Helpful Hint: After you add something to your cart, click the “Continue Shopping” button add additional products.If you’re ready to invest in your own P&L, now’s the time.Pay just $1,250 for $2,500 worth of services — or save even more, if that’s what you want.So if you’ve been eyeing an upgrade from a monthly to an annual subscription, or getting some new training, now is the time to act.Need Help Deciding?Call 1-888-998-3548 for help from one of our friendly Trading CounselorsSick of watching time go by without earning a steady P&L?Want to finally learn options, forex, or technical analysis?There is no time like the present. For less than the cost of 1 bad trade, you can get on the road to success.Click to Get Started ==>
Continue Reading -->The 7 Deadly Sins of Trading, and How You Can Cure Them
Greed, for the lack of a better word, is good. That’s what Gordon Gekko said in the classic 1987 film Wall Street. And indeed, a little greed goes a long way. Greed can push you to work harder to bring home a bigger paycheck. It can push you to save more money for retirement. But greed can also eat you alive… even if you have all the money in the world. Greed is only one of the 7 deadly sins you’ve heard about from religious texts or pop culture. And as you’re about to learn, they all apply to trading, and they all have cures if you understand them. Lust is often associated with sexuality. But there’s another kind… the lust for money and power at all costs. That’s a recipe for disaster for 2 simple reasons. An obsession with making more money can push you to take bigger and bigger risks. You’ll put yourself in harm’s way when there’s no good reason to. It can also push you to cross ethical and moral boundaries. Remember, once you cross that line, there’s no turning back. The Cure for Lust Replace your desire for money with a desire to learn. As you become a more skilled and experienced trader, you’ll likely earn more money. So focus on building your skills and gaining experience, NOT the potential rewards of skills and experience. It’s like dreaming about buying a Ferrari before you’ve even had a job. It’s downright childish. Grow up, get good, and the rewards will come. 44% of lottery winners go broke, according to a 2015 study by the Camelot Group. Why? Because most people can’t handle sudden wealth. Traders are no different. Once a trader achieves financial success, he’ll be tempted to overindulge in everything from food to clothes to travel to cars to real estate. An upgraded lifestyle means upgraded living expenses So what happens when that trader has a bad month or bad year? Panic, frustration, and inaction. When the mortgage is due today and there’s just $28.71 in the checking account, it’s pretty dang hard to focus on the charts. The Cure for Gluttony As you earn more money, save a higher percentage of what you take home.. Let’s say that after a year of trading, you have $25,000 left over when all your taxes, trading expenses, and bills are paid. And let’s assume you feel comfortable spending $7,500 of that on “fun stuff” like new clothes, travel and entertainment. That’s 30%. On your next $25,000, take it down to 25%. And the $25,000 after that, reduce it down to 20%. The exact numbers don’t matter. The point is, by scaling down your spending, you’ll keep a safety net in place for the rough times. It’s okay to want a bigger house, a nicer car, and private school for your kids. And it’s okay to dream about having $10 million in your bank account. But if you’re trading just to make money to buy more stuff… go do something else. To become a great trader, you must love the process of trading. It’s not easy to stare at computer screens for 9+ hours a day, trying to make sense of news and charts and price action. Most people burn out from it. But the best of the best can’t pull themselves away! The Cure for Greed Revisit what you really love about trading. Is it the process of scanning through 200 charts to find the one that speaks to you? Is it the rush of adrenaline you get when you nail a trade? Or is it just plain fun? Your trading results are important. If they’re not, you shouldn’t be in this business. But it’s equally important to enjoy the process. So shift your greed for money to a greed for sheer enjoyment. Experienced traders often get nostalgic for the ‘good old days’ before high frequency trading, decimalization, and overactive central banks. Many of these traders run into trouble because they do more complaining than learning. Instead of learning new skills, they get left behind. Evolution is a cruel beast. And it comes for the weakest traders first, the ones that don’t adapt. It’s 2017. The strategies you use today may not work 3 years from now. What are you gonna do about that today? The Cure for Sloth Put yourself on a regular schedule for continuing education and personal development. Don’t give yourself the option of NOT improving. You could set a goal of reading 2 new books a month. Or learning 4 new chart patterns. Or writing out 3 case studies about your best — or worst — trades of the month. The possibilities are endless. And don’t forget about improving your non-trading self. Some of the biggest trading lessons are learned away from the desk on a racquetball court… or on a wild boar hunt in Texas. (seriously) An angry trader is one that just lost money, and is on the verge of losing more. If you’re angry, you’re impatient. If you’re impatient, you’ll make more bad trades. And if you make more bad trades, you’ll get even angrier. That’s when the ‘revenge trading’ starts. That’s when you lose $2,000 in the morning, and you’re determined to ‘make it up’ with more trading. Before you know it, you’re down $5,000. And then $10,000. And so on. And so on. The Cure for Wrath Clean up your mess as best you can. And then walk away from your trading workstation. Don’t come trade again until you have your anger out of your system. Talk to your buddies, watch a funny movie, or take a walk. But get it out of your system. And if you feel like you’re getting out of control too often, seek professional help. Anger won’t just hurt your bottom line. It will also destroy your body. On Wall Street, you can make $1 million a year and still feel poor. Why? Because the guy next to you made $2 million! Traders are competitive by nature. It’s no wonder so many love
Continue Reading -->Scott Redler’s Morning Call Express Video: Caution is Warranted
In today’s Morning Call Express video, T3 Live Chief Strategic Officer Scott Redler breaks down why caution is warranted after 3 up days.
Continue Reading -->Scott Redler: 4 Life Lessons to Get You Through the Bad Times
One year ago today, I was laying on my belly, staring at the floor… and wondering if I’d ever walk again. But let’s rewind the story a bit. I’ve been a competitive racer since I was 30, finishing over 50 triathlons and marathons, including two Ironman events. I’ve also coached runners and raised money for the Steven M. Perez foundation, the Leukemia & Lymphoma Society, the American Cancer Society, and the R. Baby Foundation. I keep all the mementos in my man cave: Steven Perez was my best friend since we were roommates at SUNY Albany. In 2007, he was diagnosed with Chronic Myelogenous Leukemia. Steven’s doctors did all they could to treat him, and our circle of family and friends pitched in to help. But after 6 weeks fighting the toughest battle on Earth, Steven passed away. I was horribly depressed, and only one thing seemed to help: exercise. So to raise money for The Leukemia & Lymphoma Society and the newly-formed Steven M. Perez Foundation, I completed my first Ironman triathlon. That’s when I really became a serious endurance athlete. I’d been racing for years, but finishing an Ironman was a whole new level for me. Unfortunately, my success came with a price. Years of serious training and racing took a big toll on my body. I had a lot of wear & tear, and I never really recovered from it. And throughout 2015, it was obvious that something was very wrong with me. My left leg was atrophying, and it would go numb if I stood for too long. My back was killing me. I had a hard time getting out of my chair, and I was barely sleeping. And I looked horrible. I was pale and losing weight, and I was shorter because of my shrinking leg. At Thanksgiving, a doctor friend was pumping me with injections just so I could stand up to cook! I spent 3 months in physical therapy, but deep down, I knew it was nothing more than a band-aid. I was wasting my time because I was afraid to face the music. But I couldn’t take any more of those scared looks from my wife and son. Even our dog Cadence knew something was wrong! So I finally came to my senses and just gave up. I visited Dr. Mitchell Reiter, a New Jersey-based orthopedic surgeon and spine specialist. Dr. Reiter diagnosed me with a sequestered spinal disc, which was putting tremendous pressure on my spinal canal. I was quickly scheduled for a Laminectomy operation to fix the problem. And that’s how I found myself laying on my belly, staring at the floor… and wondering if I’d ever walk again. Now, I’ll admit I was being a little melodramatic. Laminectomies have a pretty high success rate. And I trusted my doctor. But when times are tough, it’s hard to stop thinking about every little thing that can go wrong. The surgery was a success, and I began my recovery. It wasn’t easy. I could barely get up for days. My wife was carrying me around the house! And my friends moved the Christmas tree up to my bedroom so I could see it without going on a never-ending journey to the living room. I took 2 weeks off work. I never had that much time off before, and being away from my trading screens made me stir crazy. By the time I returned to work, I was 20 pounds lighter and my face was the color of skim milk. My own videographer didn’t recognize me, even though we’d been working together every day for over a year! But as much as my body changed, my mind changed even more. I began appreciating the little things. Forget the Ironman — suddenly, just getting through a stretching session was a big deal! Being pain free felt better than any medal I ever won! And I may never do another triathlon again. But you know what? I just ran alongside my son Chace as he finished his first 5K! He took home the gold, and I’ll never forget crossing the finish line with him. There are 4 simple, but valuable lessons to be learned here: 1) The Darkest Hour Is Just Before the Dawn Those last few moments before my surgery were some of the darkest I’ve ever been through. And you know what? That was the bottom. Things only got better. 2) Your Goals Should Change When Life Throws You Curveballs I used to think I’d be a high-level competitive racer forever. That may no longer be realistic, and I’m okay with that. I love coaching, and I’m more than happy to run smaller races until I get a better idea of my long-term prognosis. I don’t have to be “elite,” whatever that means. I just want to be the best I can be. 3) You Probably Have More Support Than You Think My family stepped up for me in ways you can’t imagine: That’s Celena, Chace, and our dog Cadence. I would not have made it back without all three of them! My parents were great too, always checking up on me to make sure I was doing okay. Aren’t they cool? And it feels silly now, but I was really worried subscribers would be ticked off while I was gone! But you were awesome — I received hundreds of supportive Tweets and emails, many of which included your personal stories of dealing with your own health problems. And not a single Redler All-Access subscriber cancelled due to my absence! That showed me that we are all part of a powerful global community. Here are some of our friends from Ukraine: (I’m in the front with the pink socks!) So just reach out when you need a hand. Odds are, people will there to help, and they’ll be happy to do so. 4) It’s Okay to Want to Give Up… Just Don’t We all go through rough times. Some have it worse than others, but we all have our own
Continue Reading -->The Morning Hammer: Another Record High
The SPX finally squeezed through to make a post-election all-time high yesterday to catch up with the Dow, Nasdaq, and Russell 2000. And with futures in modestly positive territory, we very well could see another record at the open. The VIX is now down to 12.43, and as I’ve said, it could drop under 12. Check out the chart below — it’s getting down towards yearly lows. Commodities are up in the early going, with crude oil posting modest gains and gold up 0.6%. The volatile gold miners (GDX) are indicated up nearly 1%. Copper’s also in good shape. Nigeria expressed optimism about a possible OPEC deal announcement at the November 30 meeting. But overall, it’s hard to make heads and tails of everything because it’s a holiday shortened weak. Markets appear stretched technically but sentiment is only modestly bullish, which typically isn’t a good recipe for excitement. In fact, bears are probably still unwinding all the bearish bets they made ahead of the US Presidential election. Speaking of politics, news reports indicate that the Trans-Pacific Partnership has almost no chance of working since President-elect Trump vowed to withdraw. Trump said would look to make bilaterally negotiated trade deals, and end some restrictions on shale oil and coal production. For now, things are looking pretty slow. I’ve got close eyes on gold and the miners. Gold’s been destroyed since the election, but it’s getting a strong bounce off $1200, which could mean a double bottom. Biotech is indicated up pre-market. That’s a good sign. It ripped on the Trump victory, then stumbled a bit. If it makes a power move higher, that could signal continued momentum in the major indices. Good luck out there!
Continue Reading -->14.4% of Traders Say Trump Slays the Bull
Over the weekend, we sent a survey to the T3 Live community to get their thoughts on pressing market issues like the Fed, gold, and what they think could take this market down. If you’d like to participate in our next trader survey, sign up for this week’s forex webinar via this link: https://t3campaigns.clickfunnels.com/optin10668137 Before I get started, let me point out the obvious: these survey results only represent a portion of the T3 Live trading community — NOT traders or investors as a whole. Still, I think you’ll find them interesting… especially when it comes to what traders think will destroy the bull market. So let’s go through our questions one by one: 1 ) The S&P 500 closed at 2164 on Friday. Will it make a new all-time high above 2193 before 2017? 81.3% of survey participants said the S&P will make new all-time highs before year-end. This was a pretty big surprise to me, given that broader market sentiment is fairly bearish. Then again, we’re less than 2% from a new record above 2193. 2) Gold fell 3.3% to $1225 on Friday. What will it hit first – $1200 or $1250? 58.7% said that Gold would hit $1,200 first, and so far they’re right. Gold is ticking lower today, and the downtrend isn’t showing signs of stopping. 3) Will the Fed raise interest rates in December? 74.3% of surveyed traders believe the Fed will hike in December. The CME’s FedWatch Tool currently shows an 85.8% probability of a December rate hike. That’s not terribly far off. 4) Are traders too bullish or too bearish right now? 34.3% of respondents believe traders are too bullish. 19.3% believe traders are too bearish. And 46.4% think trader sentiment is just about right. Next time around, I’ll simplify this with just two choices — too bullish or too bearish. 5) Which sectors will perform best into year-end? The banks and biotechs have been ripping since Donald Trump’s US Presidental election victory, and our survey indicates that traders expect more of the same. A whopping 51.4% believe financials will lead into-year end. In second place was health care & biotechnology at 26.1%. Technology has been lagging, and just 5.8% of traders think it will lead into year-end. 6) Which area of the market will perform worst into year-end? On the flip side, traders expect bonds to lead the decliners’ column. 31.2% of respondents said bonds will perform worst into year-end with gold in second place at 16.7% 7) What single factor is most likely to break the bull market? Please be as detailed as you’d like. This question was an open-ended question designed to determine whether traders believe Donald Trump will disrupt the bull market. I wanted to see how many traders would offer up Trump without being prompted first. 14.4% of traders cited Trump as the single factor most likely to break the bull market. Meanwhile 15.6% of traders believe the Fed or monetary policy will be the culprit. 13.3% cited terror attacks or other negative geopolitical events. Here are some of the more interesting responses to this question: (I made minor edits for clarity) “The alt right and rising nationalism around the world.” “Too much too fast based on nothing new. The market is overbought and tech is selling off based on assumptions that Trump will go after them. If they really think he will and put taxes on imports, the companies will get ready for bad times which result in high unemployment.” “Interest rates going too high too fast because President-elect Trump has huge fiscal package that will require massive debt via bonds.” “Negative world event such as significant terror attack on or around inauguration.” “Debt will be a big drag on companies bottom line and government debt is unsustainable. So governments and Central Banks should continue to print and go nuclear on interest rates to try and finance that debt. Banks will then put that money to work by sticking most of it in the stock markets. There will be a big tug of war between inflation and deflation over the next couple years. Want to participate in our next trader survey? If so, sign up for this week’s forex webinar via this link: https://t3campaigns.clickfunnels.com/optin10668137 We’ll add you to the list!
Continue Reading -->The Morning Hammer: The Deutsche Bounce
Deutsche Bank (DB) is bouncing this morning after agreeing to sell its UK insurance unit. But more importantly, CEO John Cryan said the bank will not require a capital raise. DB is facing a $14 billion bill from the US Department of Justice, which has raised fears about liquidity problems. But for now, traders are taking the worst-case scenario off the table, which is helping European stocks. The DAX is up 1.0% with German banks up 1.4%. ECB President Mario Draghi is expected to speak to reporters around 4:00 p.m., and he’s likely to comment on monetary policy and the European economy. Crude oil is turning higher today after Saudi Arabia may compromise with Iran on a future supply agreement. OPEC is meeting in Algiers so odds are we’ll see fresh oil headlines in the near future. Nike (NKE) beat on earnings but reported weak future orders and missed on gross margins. Odds are this is a competitive issue rather than an economic one, since Adidas beat and UnderArmour (UA) is also coming on strong. We could be in for a big 3 days. Traders are split 50-50 as to whether the Fed moves in December. We’ve seen a big slide down in US economic data strength since late June, and we’ve got some big numbers coming out through the end of the week: Today: Durable Goods, plus Fed Chair Yellen testifies before a House Panel Thursday: GDP, Pending Home Sales Friday: Personal Income/Spending, PCE Deflator, Chicago PMI Now if we see a string of misses, we could see big rips in gold and US Treasuries, because traders may assume the Fed will have to continue to back off. But keep in mind that the converse is true: if we see some big beats, maybe traders will seriously buy into rate hikes. Again, the market is split 50-50 on December. So while the talking heads insist the Fed is hawkish, the market is not exactly full of true believers. SPX futures are basically flat… hopefully not for long.
Continue Reading -->This Is the Most Boring Market Since December 2014
Kick Your Options Trading Up a Notch My buddy Doug Robertson is hosting a FREE options trading webinar this afternoon where he’s teaching his secrets for generating major options profits in volatile markets. Click here for more information 1) The Bank of England Throws Money at the Brexit The Bank of England is afraid of the Brexit, so they’re throwing everything including the kitchen sink at the problem. This morning, the BoE cut rates by 25 bps, expanded its QE program by 60 billion pounds, and started a new 10 billion-pound corporate bond purchase plan. The BoE took a massive hack at its growth forecasts, and now sees 2017 GDP at 0.8% vs. 2.3% previously, the biggest cut in its history. 30-year UK Gilt yields dropped to all-time lows, and European equity markets rebounded intraday. The UK’s FTSE 100 Index rose 1.6%, while the German DAX was up 0.6%. 2) The Grind Continues Markets have been in a holding pattern over the past few days ahead of tomorrow’s pivotal NFP report, which could move markets in a big way. (more on this below) And the S&P 500’s epic boring sideways grind continued today with the index rising 0.02% to 2164.25. Not 2%, not 0.2%, but 0.02%. So you have some perspective on the action, the index has not made a 1% move since July 8, and market volatility is even lower now than during the April-May snoozefest. In fact, S&P 500 volatility hasn’t been this low since December 2014! Check out this chart of S&P 500 volatility: No wonder we can’t stay awake… Once again, the Russell 2000 showed a smidge of outperformance, though biotech (IBB) cooled off after 2 days of solid action. The Bank of England’s stimulus package pushed up gold and US Treasuries, and crude oil notched a 2.4% gain on what appears to be short covering. Energy stocks were mixed, but high-yield bonds were strong. When crude oil goes up, high-yield energy bonds perform well because default expectations fall. 3) NFP Preview Traders are expecting a 180K increase on nonfarm payrolls with a 4.8% unemployment rate. (see the full consensus estimates below) Last month, we saw a huge 107K beat on the headline number, which just about made up for the 122k miss the month before. Gold and bonds dipped on that report, and then ripped like mad. Equities followed through on the decline in rates with a big 1.5% rally in SPX. At this point, it seems like it may take a big headline number to get traders believing the Fed will hike rates — perhaps 250K or more — and it would also help to have the June number revised up. Click here for my in-depth NFP preview. Friday’s Trading Calendar US Economics (Time Zone: EDT) 08:30 Trade Balance (Jun): exp. -$43.0b, prior -$41.1b 08:30 Change in Nonfarm Payrolls (Jul): exp. 180k, prior 287k 08:30 Two-Month Payroll Net Revision (Jul): prior -6k 08:30 Change in Private Payrolls (Jul): exp. 171k, prior 265k 08:30 Change in Manufact. Payrolls (Jul): exp. 4k, prior 14k 08:30 Unemployment Rate (Jul): exp. 4.80%, prior 4.90% 08:30 Average Hourly Earnings MoM (Jul): exp. 0.20%, prior 0.10% 08:30 Average Hourly Earnings YoY (Jul): exp. 2.60%, prior 2.60% 08:30 Average Weekly Hours All Employees (Jul): exp. 34.4, prior 34.4 08:30 Change in Household Employment (Jul): prior 67 08:30 Labor Force Participation Rate (Jul): prior 62.70% 08:30 Underemployment Rate (Jul): prior 9.60% 13:00 Baker Hughes U.S. Rig Count (8/5): prior 463 13:00 Baker Hughes U.S. Rotary Gas Rigs (8/5): prior 86 13:00 Baker Hughes U.S. Rotary Oil Rigs (8/5): prior 374 15:00 Consumer Credit (Jun): exp. $16.000b, prior $18.558b Global Economics 02:00 EUR German Factory Orders m/m 03:00 CHF Foreign Currency Reserves 03:30 GBP Halifax HPI m/m 08:30 CAD Unemployment Rate 10:00 CAD Ivey PMI Earnings Before the Open: Cognizant Technology Solutions (CTSH) SouFun Holding (SFUN) After the Close: None of significance
Continue Reading -->