Power Trading Radio

With history being such a great teacher, John O’Donnell and Merlin Rothfeld look at historical recessions and analyze the performance of the markets in the following years. Such analysis can clue us into market trends and investment opportunities in the short and long term. How does our current situation stack up against the major recessions over the past 60 years? Tune in and fine out!

As European officials get their pens ready to sign a deal on Greece, traders flock to the Euro and equity markets making for a great trading session! Paul Orme breaks down several of the critical things investors should know about using ETF’s in the portfolio allocations. While there is ample reason to use these investment vehicles for our portfolios, they are not without problems. Merlin and Paul talk about some of the major issues regarding ETF’s and their increasing popularity in the investment world. PowerPick: XLE

Originally spurred by a listener question about “How does one go about finding a Mentor?”, Merlin takes this question to the V.P. of Education at Online Trading Academy to see what steps traders can do to get a mentor of their own. Finding a Mentor can be an arduous task, and then you never really know who your getting! Sam Seiden shares his experiences as a mentor and what he has done to create a pool of active traders who mentor in groups to leverage their time. This online forum is designed to help facilitate faster learning as well as thwart bad habits before they become engrained in a traders style. PowerPick: RIMM

More earnings bombshells power most of the market to the upside, leaving financials in the dust. Just how long the exuberance will last is anyone’s guess, but if the numbers and guidance keep rolling in like they are, we should see the market rally for a while. Rick Wright joins the show to talk about the Forex class he is teaching in Irvine California this week, enlightening us on some of the items his students are focusing on. Rick also talks about how important it is to identify your trading style, and then approach the markets in a manner that suits that style best. With his trading style, he really doesn’t pay attention to all the fundamental economic numbers pouring into our heads each day.

As earning season gets into high gear, many big name companies roll out their numbers, and begin to ignite momentum for the markets. The big question is: Is that momentum going to spur things up or down?!? Matt Gildea joins the show fresh out of his Stock trading class in Irvine California, sharing some stories from his class about order execution and the importance of understanding what types of orders to use in the right situation. Later we discuss routine and what steps are taken to get ready for trading session. Matt walks us through a recent trade on GS that looked great, but needed to be passed up. PowerPick: BVN

The weekend edition of Power Trading Radio starts off looking at a couple listener questions regarding chart patterns and formations. These patterns help us increase probability in our favor as well as minimize risk. John O’Donnell phones in from Las Vegas where he is attending “FreedomFest”, an expo dedicated to all things freedom related. John shares with us some of the key points being presented at the expo and his views on how to help American get back on its feet.

PowerPick: GT

More economic data pours in to bring the masses into buying the open and driving prices into Bernanke’s testimonial time. From there it was a southbound train!

Tillie Allison joins the show to shed some light into a recent article about how ill-prepared most Americans as they near retirement. Through proactive management and proper asset allocation, investors of ALL ages can adequately prepare for the future. Tillie discusses several investment techniques and how we manage the positions from several different perspectives. PowerPick: BA

After a brief market overview and a live studio audience question about QE3, Merlin brings Corey Lane into the studio to talk about trading Options. In the past the duo have talked about how to use options to make money in up, down, and sideways market, this time they look into using options to set stops on equity positions to guarantee a stop price. Although it may eat away at some of the profits, the security might be worth it! PowerPick: GS

Mike McMahon joins the show to cover the technical side of things! Merlin and Mike look at a variety of currency pairs using Supply & Demand, Trends, Candlesticks, CCI, Moving Averages, Stochastics and more. Cutting out the fundamental noise and looking at what price is telling you often leads to higher probability, less emotional trading. The following Currency pairs are discussed: EURUSD, EURJPY, AUDJPY, GBPUSD, EURCHF. PowerPick: AUDJPY

Biggest down day in over a month, and it wasn’t all that hard to see coming. After Friday’s employment number gap down, fear was spreading! Then you had the European and Asian markets tank, setting up for a big down day in the US equity markets. Will it continues it the bigger question! Merlin covers the basics of how he uses Volume to gauge sentiment and emotions when trading, and addresses several other listener questions. PowerPick: WYNN