March 16, 2012
Financial independence for all!

 
March is Women’s History Month, a worldwide observance of the contributions we’ve made in the past and present.

More women than ever trading and taking control of their investments. And philanthropy expert Margaret May notes that women spend $5 trillion per year and control more than 75% of the total wealth in the United States. We also influence and/or make 84% of household financial decisions.

So while I’m all for celebrating our history and remembering where we came from, my priority is to ensure we all have access to information to grow personal wealth.

A few good resources:

·         Option Trading in Your Spare Time: A Guide to Financial Independence for Women by Wendy Kirkland and Virginia McCullough—an essential resource for the woman who believes the daily grind will forever keep her from learning to trade options

·         SFO magazine—a digital publication for stocks, futures, foreign currency and option traders that’s always free. It’s a great way learn and start building confidence, plus it’s edited by women!

·         Carley Garner—one of my favorites, period. Her latest book is Currency Trading in the Forex and Futures Markets.

·         Kira McCaffrey Brecht—another fave, because she’s a versatile financial journalist who’s as smart as she is awesome. Check out her video reports from the floor of the CME, trading reports and work for SFO magazine.

Order Options Trading in Your Spare Time and the other titles mentioned in today’s blog. No need to use a promo code; just take advantage of the better-than-Amazon pricing at TradersPress.com and enjoy free S&H* when you spend $25 or more.    

Wasendorf & Associates Inc. also offers a broad array of free educational resources for financial traders.  Sign up for Traders Press Weekly, SFO magazine, SFO Weekly and SFO webinars!

 

*Restrictions apply.  International flat rate shipping is $10 for the first item and $5 for each additional item.  Email customerservice@traderspress.com with questions.

October 18, 2011
Confession: I don’t *heart* Jim Cramer

Some people say they “love” Jim Cramer.  

When I hear this, I smile politely. I just don’t get it.

This isn’t a case of a writer railing against the imprecise use of language. I profess to “love” many things you might consider implausible. Can I really love bad pop songs from the 1980s and 1990s? Insensible shoes? Peanut butter?!  

Doubt all you want. My love is true—especially where peanut butter is concerned. So I respect another’s right to love Cramer. Free country and all that. Plus, he offers some great information. His books, like Getting Back to Even and Mad Money, are good.

And now the “but” you’re waiting for: Cramer’s flaws are glaring and often insurmountable. When someone with a public, worldwide forum regularly flaunts his inconsistencies, irresponsibility and hypocrisy, that’s a fairly big deal.

For example, Cramer’s latest crusade is against crude oil speculators. He wants them indicted for driving up the price of gas. He wants more and better regulation. He made his outraged case on his TV show, Mad Money.

He’s clearly angry. But it doesn’t ring true, because a month ago he advocated the same trading practices that he now derides when advising viewers on how to trade gold.

Sometimes, Cramer just can’t help but rat himself out; he seems to be one of those guys who needs you to know he got away with something naughty. Cramer was at the center of a 2007 controversy because he explained how, as a hedge fund manager, he used admittedly illegal practices to manipulate stock prices.  He bragged about it—to USA Today.

Influential financial TV personalities will probably always make wildly irresponsible statements, and some individuals will suffer. Your best, safest bet is to develop a solid understanding and learn how you can best to interpret all the available information.

I’m still learning and will be for the foreseeable future. That’s OK. My primers include SFO (Stocks, Futures, Options) Magazine and related products, as well as books like Michael Lewis’ The Big Short and Essentials of Trading by Larry Pesavento and Leslie Jouflas.

 

Save on the titles mentioned in today’s blog and more by using promo code KGBLOG911 to receive 20% off sitewide and free U.S. S&H* at TradersPress.com.

*Some restrictions apply.  Shipping is free to residents in the continental United States.  International shipping will be applied at our regular
shipping rates 

 

 

September 14, 2011
U.S. futures look bright

U.S. stock futures are on the rise.

According to the Associated Press, Forbes, and Bloomberg Businessweek, G.E., Bank of America Corp., Citigroup Inc., Caterpillar Inc. and Alcoa Inc. were among those that increased 1% or more on Wednesday, following a rally in European lenders.

Greek, German and French leaders will meet today to discuss ways to contain Greece’s debt crisis. Speculators believe China may be willing to buy the bonds of nations hit by the debt crises, as reported by Businessweek.

Not everyone supports such a plan, according to the English-language Caijing magazine. Some advisers to China’s central bank believe the nation’s willingness to purchase euro bonds is little more than an ill-advised “bleeding heart” response to the global debt crisis.

“What today’s world needs is not a ‘bleeding heart’; instead, it needs investors with a senseo fo reform and cooperation,” Li Daokuu, academic adviser to the central bank, told Caijing. “I believe (China) will perform a role of a real good guy rather than a ‘bleeding heart.’”

In the article, he advises diversification of China’s foreign exchange reserves with solid investments.

This issue and other recent events drive home the importance of closely monitoring world events.  Robert Hsu’s China Fireworks: How to Make Dramatic Wealth from the Fastest-Growing Economy in the World is an excellent primer on how and why to develop a China strategy in your investing.

In addition, Traders Press offers an ever-expanding array of books on foreign exchange trading. From Getting Started in Currency Trading to Profiting with Forex, you’re sure to find something that suits your needs.

Who doesn’t appreciate free assistance? Wasendorf & Associates Inc. offers an array of resources, including our newsletter, Traders Press Weekly, and SFO (Stocks, Futures, Options), its informative monthly magazine. Subscribing to any SFO is easy, fast and always free! Just click here.

You can order the books mentioned in this column—-or anything else on the site!—-at TradersPress.com. Use my promo code, KGBLOG911, and you’ll receive 20% off sitewide and free U.S. S&H.*

*Some restrictions apply.  Shipping is free to residents in the continental United States.  International shipping will be applied at our regular shipping rates.  

September 2, 2011
At Least Peek through Your Fingers

I know. I know! How much bad news can you possibly read?

Sure, it’s tough not to wince when someone says anything that sounds remotely like “market.” But we have to power through—stiff upper lip and all that.

My mantra the past few weeks has been, “You can’t run from your problems.” I mean, of course I can, but they chase me. And they’re fast.

So I’m not running. I stopped covering my eyes with my hands. I’m diving in!

I started with this month’s SFO (Stocks, Futures, Options) Magazine, which includes several great articles that can firm up your resolve:

·        Risky Business? Gauge FX Trades Using Risk Management by Brian Dolan

·        Hot Currencies to Watch by Paul J. Kavanaugh, CTA

·        Trading with ADD (Attention Deficit Disorder) by Kenneth Reid, Ph.D.

·        And more!

At SFOmag.com, check out Gold’s a Winner Out of Bleak Jobs Data—But Don’t Chase; It’s Still a Rangeby Kira Brecht andStock Watch: Has the Market Folded? Banks are My ‘Tell’ by Joe Donohue (LOVE this one!). You also might consider attending Greg Michalowski’s free webinar, Forex: It’s Not as Foreign as You Think.

In addition to the array of free trading resources from Wasendorf & Associates Inc., such as Traders Press Weekly, SFO magazine, SFO Weekly and SFO’s webinar series, we’ve upped our blog code discounts! From now on, use any Traders Press blog codes to receive 20% off sitewide and free U.S. S&H* at TradersPress.com. (I’m partial to promo code KGBLOG911, and I hope you are, too.)

*Some restrictions apply.  Shipping is free to residents in the continental United States.  International shipping will be applied at our regular shipping rates.  

August 19, 2011
None of *Our* Books Have Been Banned—Yet

Apparently, Sherlock Holmes was a bit off in his calculations.

The solution to a puzzle isn’t always elementary. Sometimes, it’s a matter best left to middle school children.

Or, at least, their parents. That’s the case in the Albemarle (Va.) County School District. As reported earlier this week by the LA Times, Sherlock Holmes: A Study in Scarlet is no longer considered suitable reading for middle schoolers.

It’s not that the 1887 book by Sir Arthur Conan Doyle contains explicit sexual content or foul language. Instead, parents objected to the book because they say it portrays Mormons in a negative light.

I’m little miffed. It’s not because the book has been banned. I love it when books are banned, because it makes them popular (or in this case, popular again). And I’m not mad because this is yet another case of adults underestimating kids and their intellectual abilities. I know there will always be parents who behave irrationally, just as there will always be school boards to give in to ludicrous demands to ban books.

What upsets me is that we’ve never had one of our books banned; I’d like the publicity! Between Traders Press® and W&A Publishing, we have more than 40 years in the publishing industry. In that time, none of our publications have been deemed ban-worthy.

We have a few that rise to the possible occasion, so I’ll just have to wait. A girl can dream, I guess.

Submitted for the disapproval of the Albemarle (Va.) County Board of Education is Trading in the Footsteps of Sherlock Holmes:  Balancing Probabilities for Successful Investing by Dr. Anthony Trongone. There isn’t controversial content (as far as I can determine), it doesn’t take potshots at anyone’s culture, ethnicity or beliefs (at least, I don’t think it does) and it’s not in any other way offensive (not to me, anyway).

It is, however, fun and informative. It is worthy of the publicity that follows a book banning, which is to say,  is a great book.

Order it today, before The Man shuts down our website. This week, I doubled my blog-code discount, so you’ll receive a 20% discount and free shipping* sitewide! Just use promo code KGBLOG811.

Check out the full array of free trading resources from Wasendorf & Associates Inc. by signing up for Traders Press Weekly, SFO magazine, SFO Weekly and SFO’s webinar series!

*Some restrictions apply.  Shipping is free to residents in the continental United States.  International shipping will be applied at our regular shipping rates

 

 

August 1, 2011
Cautiously Optimistic

U.S. Federal Reserve leaders said recently that they’ll revisit derivatives rules if a global agreement on margin requirements couldn’t be reached.

It’s about time, but I reserve the right to be skeptical. I’m optimistic about nearly everything, but this whole situation receives a cynical snort of derision from me.

As Financial Times notes, oppressive rule-making in the United States has harmed to the over-the-counter derivatives markets. Meanwhile, Reuters reported that global financial lobbies warned U.S. and European Union authorities that inconsistent regulation of derivatives trading will drive up costs and harm the economy.

Several resources describe how derivatives work and outline how to use futures contracts, forward contracts, options and other common derivatives.

Options Strategies for Sophisticated Traders by Mitch Crask explains how to combine derivatives to increase profitability and option debt spreads.

For the true account of the multibillion-dollar bidding war for the Chicago Board of Trade, check out Zero Sum Game: The Rise of the World’s Largest Derivatives Exchange by Erika S. Olson.

SFO (Stocks Futures Options) magazine offers nearly 1,000 archived articles on a variety of topics related to derivatives, including “Regulators’ Unintentional Effect on Markets” from July 2011 and “France’s Sarkozy urges global community to regulate agricultural futures.” SFO is always free, and subscribing takes just a few minutes. 

For the full Traders Press® inventory, click here. Order the resources mentioned today and/or others, and receive a 10% discount and free shipping*!  Use promo code KGBLOG811.

Check out the full array of free trading resources from Wasendorf & Associates Inc by signing up for Traders Press Weekly, SFO magazine, SFO Weekly and SFO’s webinar series!

*Some restrictions apply.  Shipping is free to residents in the continental United States.  International shipping will be applied at our regular shipping rates

 

July 22, 2011
Technically Speaking

This month’s SFO (Stocks, Futures, Options) magazine offers “Stop Chasing Trades: The 10-Week Average Can Help.” In the article, RealMoney columnist Kate Stalter explains the ins and outs of using 10-week moving average—a “key benchmark professional investors monitor.”

“When professional investors … have ownership in a particular stock, they’ll often swoop in to grab more shares at a lower price when they see a pullback,” Stalter writes. “Because they presumably have confidence that the stock has more room to run higher, the strategy makes sense. Individual investors can watch this support as it is unfolding and follow in the pros footsteps.”

If you’re interested in utilizing the strategies Stalter explains, were do you begin?

SFO is a great start, and it’s a free source of great educational tools and tips. The magazine also offers the Trading the Indicators Series, an inexpensive digital resource that outlines the basics. You also can check out The Encyclopedia of Technical Market Indicators by Robert W. Colby, which evaluates myriad investment timing models.

Traders Press offers a variety of resources on Economic and Technical indicators. Use the promotional code KGBLOG711 and receive 20% off your purchase plus free U.S. S&H* until midnight CDT tonight. (It will then revert to the regular 10% off plus free U.S. S&H* discount I usually offer.)

Wasendorf & Associates Inc. makes available several free trading resources. It only takes a few minutes to subscribe to Traders Press Weekly, SFO magazine and SFO Weekly. SFO webinars are also free.

It’s no secret that the other Traders Press bloggers and I are in a promotional code contest, and it’s no surprise I’m winning!

As I mentioned previously, the discount is currently 20% off—double that which we normally offer on all purchases at TradersPress.com, plus free U.S. S&H.* Just use promo code KGBLOG711 to save! (Yeah, you’ll get 20% off using the other bloggers’ codes, too.) In addition and as always, you’ll earn your rewards points, which adds up to savings on future purchases!

 

*Some restrictions apply. Shipping is free to residents in the continental United States. International shipping charges will be applied at our regular shipping rates.

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