Power Trading Radio

Mike Mc Mahon had Gabe Velazquez as an in studio guest.  Gabe took the audience into a realistic look at the short to intermediate term.  Mike and Gabe both agreed that the market was posing a little bullish and particularly if the Euro land would get off stage. 

In contrast to the last two guests on Power Trading Radio, our guest today starts almost every trade off as a day trade and builds as things go in his favor. Bob Dunn classifies himself as a “base hitter” who plans out every trade, and when possible, turns those trades into doubles, triples and hopefully home runs! This is done through strict discipline and money management. Bob shares bits of his trading style as well as his view & tactics for trading Gaps. PowerPick: SHLD

Reversing Monday’s selloff, the markets showed great strength, closing near the highs of the day, and right near the overhead supply level we have been talking about on the S&P 500. Steve Misic joins the show from Tampa Florida, where he is teaching a Pro Trader Stock class at Online Trading Academy. Steve and Merlin talk about how they look at stocks coming out with earnings announcements, and what others should watch out for. Later, Steve talks about the levels on the Dollar Index and their impact on currencies as well as equity markets.

Scott McCormick, CMT and former broker, addresses a couple of listener questions which revolve around a very common mistake: Traders not knowing their style. Whether you are a day trader, momentum, swing or even a position trader, you must know which style fits your temperament best. Just because someone trades one way, does not mean that you will be successful trading that way. Merlin and Scott look at a variety of factors which can help listeners start down the path of defining their trading style. Later on in the show, they look at multiple time frame analysis and how it impacts your trading style. PowerPick: EQT

After a quick recap of recent market movements, the “Ambassador of Opportunity”, John O’Donnell sites a very interesting report about the current recession and gives us several ways to play the current market. This involves a bit of market timing, and asset allocation which John feels is essential to making money in these markets. Merlin talks about www.projectvets.com and their mission to teach disabled vets how to trade and secure their financial future, as well as their raffle for a 1965 Shelby Cobra! PowerPick: XLE

Paul Orme discusses a recent NY Times article about how Morningstar ratings often get people into the wrong investments. Paul reinforces this with examples of how most financial advisors are causing their clients to sell low, and buy high, the exact opposite of what they should be doing! Why is that?! Because they need to make money! Merlin and Paul discuss alternatives to this devious methodology, offering listeners a solution of Proactive management of their own money. Paul shares a little about the rebalancing and option strategies used in the ProActive Investor class he helped create for Online Trading Academy. PowerPick: DTV

Online Mentoring superstar Sam Evans joins Power Trading Radio to talk about his meteoric rise in popularity in the trading community. Just a few years back, Sam was attending hotel seminars looking for a solution which would enable him to get involved in the financial community. 7 years ago, he found the answer! That discovery transformed his life and gave him the guidance to succeed in his own trading as well as present him with the opportunity to help others achieve theirs. Later in the show, Sam talks about his trading style, how he uses the news, and what he sees on the Horizon for the Euro. PowerPick: EURUSD

As the market rallies even harder, Merlin looks at several factors that may cause the markets to top out and drop from current levels. Several International factors are behind this recent move, but a lack of volume has to have traders questioning the lack of conviction. Several listeners get their questions answered on air on topics ranging from Financial stocks to market correlation. One theme persists with listeners today, to many people taking to much risk! Merlin breaks down what they can do to help minimize risk and maximize rewards. PowerPick: SPY (again!)

Today Merlin Rothfeld and Tillie Allison discussed how premarket news and economic indicators help active day traders improve the probabilities of success. Tillie and Merlin bring up listener questions regarding the Nasdaq 100 ETF and the Nasdaq futures as a way to get glimpse of what the market is truly doing. Merlin calls out a listener as the First ever  PTR “Sheep of the Week”, for making some very obvious novice mistakes on his trade, while offering solid solutions for not making those mistakes in the future by using some of the core strategies of Online Trading Academy. Tillie bring up some correlation between bonds and stocks in current market conditions as well as some insight into Fibonacci. PowerPick: BBY