Power Trading Radio

Tillie Allison hosted the show today and she talked about the rally out of the demand zone of 1428 on the SP500.  Russ Allen joins Tillie today to talk about how taxation will affect traders in 2013. Tillie and Russ talk about the long term capital gains rates to affect short term trading. Russ shares his insights for GLD, TLT, and SPY and how to trade the “ProActive” methodology which he teaches at Online Trading Academy.

Tillie Allison hosted the show today. She gives some insights as to where Merlin is and his secret project for 2013. Tillie welcomed Don Dawson to the show to talk about trading Commodities. During the show, Tillie and Don, analyze the 1425 demand zone on the SP500 and talk about trading futures. Don shares his experiences trading commodities and how he trades using seasonality, macroeconomic analysis, and common sense. He says that he prefers to trade commodities using “real” supply & demand. No “corporate window dressing” on corn, wheat, soybeans, or any other commodity products.  Don will be teaching at Online Trading Academy in Irvine California in January 2013.

Today Tillie Allison hosted the show with professional trader and Online Trading Academy icon, Merlin Rothfeld. Merlin actually learned to trade stocks on an electronic trading floor in 1998. Merlin traded 500 trades per day but has evolved into a currency swing trader. Tillie and Merlin talk about the advantages of trading currencies including the cost basis, the rate of return, trading hours, and market correlations including US stocks and currencies. These advantages give traders an edge to trade global markets successfully.

Merlin Rothfeld and Tillie Allison take a look at some of the recent headlines including the JPMorgan fine for its handling of MBS, the value of Apple, and the extremely strong close of the equity markets. Tillie shares how she handles some of these headlines in her trading as well as sharing a few golden nuggets from her trading style. Tillie is in studio after being on the read teaching in New York, Kansas City and Connecticut.

Merlin Takes a look at the recent market activity including interesting inverse head & shoulders formation on the major indexes? Will there be a monster move to the upside, or a trap for the bulls? Later, Merlin answers some great listener question on proven money making strategies and scanning tools to find high probability trading opportunities. The big news? Another Gold Coin Winner!!!

Dr. Woodruff Johnson, author of “From Pain to Profit: Secrets of the Peak Performance Trader”, joins Merlin for a show dedicated to traders psychology and development. Dr. Woody and Merlin look at some of the key factors which prevent novice traders from setting and following rules. This is one of the major factors which leads to a traders downfall. Dr. Woody answers several listener questions with the hopes of helping them understand more clearly their personal issues and how to overcome them.

Trading Mentor Joann Farley joins Merlin to discuss how one should handle themselves when the markets exhibit higher than normal volatility or extreme announcements. Today was a good example of how novices were “Whipsawed” by the market while the Professionals established levels where they were going to go Long or Short depending on what the market did, not what the announcement was. Joann walks listeners through one of the trades, outlining the risk management involved, as well as how she teaches traders to use indicators as decision support tools.

In preparation for the end of the year, traders should be thinking about 2 firm deadlines: December 31st 2012, and April 15th 2013. These 2 dates represent definitive deadlines for the IRS and specific tax codes. Michael Atias of OTA Tax Pros (www.OTAtaxpros.com) , joins Merlin to help traders understand what they should be doing for both of these two deadlines. Michael also goes on to talk about the importance of Estate Planning for preservation of capital, added tax loopholes, and planning for the future. TaxMageddon is coming, are you ready?

Paul Buzby, Director of Economic Research at RCW Financial, joins the show to talk about the upcoming Fiscal Cliff. There are many changes that could arise if we do not reach some agreement with regards to the upcoming cuts! Paul explains some of the more important issues, as well as addressing the upcoming Debt Ceiling issue which will hit in February 2013. Paul and Merlin also discuss the common question of which is the better asset class: Gold ETF’s, Gold Bullion, or Gold Coins. Paul shares his vast knowledge on the subject to help guide investors toward the right investment, as well as several free resources at his website.

Special guest Mark Thornton, senior resident fellow at Ludwig von Mises Institute, shares his thoughts on the current market environment as well as what the impacts of Prohibition are to the economy. With many states pushing to legalize Marijuana, it appears that the pro’s outweigh the cons from an economic expansion perspective! Merlin takes a look at the current market issues and announces a new gold coin winner.