Power Trading Radio - A Trader's Perspective On Investing In Stocks, Futures, Forex, Options Podcast

A fierce initial selloff in the equity markets slammed prices into strong demand levels, turning a bad day into a positive one by session end. Ending on a strong note, and a Bullish hammer, gives hope of further price moves to the upside. Michael Young joins the show to discuss some of the recent headline news and its impacts on his trading. The duo address listener questions regarding the use of Options as a tactical asset class to take advantage of these volatile swings. PowerPick: CAKE

The debt deal is done, but has raised more questions about the future. These questions rocked the confidence of traders around the world, and may persist for some time. This, coupled with bad economic data, propelled the markets down with a vengeance on Tuesday. Steve Misic joined the show to discuss how he instructs his students to trade weeks like the rollercoaster we have had the first two days of August! Steve gives opinion of several currency pairs including: USDJPY, USDCHF, AUDUSD. PowerPick: SPY

In typical fashion, the debt issue is coming down the the 11th hour, and politicians scramble to save face and public opinion! Scott McCormick, CMT, joins the show to talk about how his strategy has changed over the years to adapt to market conditions and one off events. Scott also takes a look at psychology and how a thorough understanding of Technical Analysis can give traders an edge when looking for market timing. Using a variety of tools, Scott seeks out swing and position trades which offer high reward and low risk. PowerPick: DIS

As the debt ceiling quickly approaches, the GOP bill passed the house and is now on its way to the Senate where it is sure to get shot down! What does this progress mean for the Tuesday deadline? John O’Donnell joins the show from San Jose where he is doing a 2 day workshop on Globalization 3.0. John looks at historical similarities between this event and others that have happened in the past, with the hopes of giving listeners some guidance to future moves. One thing that John does feel confident about is gold reaching 2000 an ounce. It may seem crazy, but history supports this claim! John also gives away free copies of his “Why Gold, Why Now” presentation to callers on the show.

As the market shrugs off good news and focuses on the debt ceiling, traders and investors are all asking the same thing: What is going to happen?! It could go either way, and the fear is evident! Dr. Woody Johnson, author of Mastering the Mental Game, joins the show to help listeners address some of their trading demons! Topics discussed included: Simulated vs. Live trading problems, How to take losses like a pro, Battling fear and greed and several others. If you have questions of your own, send them in and we will get to them on the next show with Dr. Woody! PowerPick: CALX

The Fed Beige Book comes out with disappointing statements about the economy and the markets panic! Big losses in all 3 major indices, and worries about more. Don Dawson joins the show to share his views on the commodities markets, ans where there are trading opportunities. Last time Don was on the show, he was focused on a divergence between the Dow and Copper that ultimately dropped the market about 10% before it moved upward. Now Don sees something similar, but where?!

Big name companies reported earnings today with very mixed results, however all of them were overshadowed by the urgency of the Debt Ceiling. Justin Krebs joins the show to talk about how he sees the debt ceiling as opportunity for traders, as long as they know where to put their money. Merlin and Justin look at several currency pairs which offer great opportunities regardless of which way the markets head as pressure builds. Swiss Franc, Pound, Yen, Euro and the dollar all have prospects if the trade is set up correctly! PowerPick: GBPUSD

Merlin addresses a few listener questions pertaining to the “Debt Ceiling” crisis, trying to put things into perspective as the deadline looms. Bruce Millbury joins the show and shares a trade that he and his students entered this afternoon on a price channel breakout. Bruce talks about his trading style, and how he deals with news and events which throw the markets around like a ragdoll. As the market’s rally, many stocks are hitting “Free Wheeling” levels, facing little resistance. Bruce talks about his recent article in Trader Magazine which talks about the principles behind “Free Wheeling, and how we as traders can use it to put the odds in our favor. PowerPick: WMT

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  

Merlin Rothfeld & John O’Donnell wrap up the weeks market activity, and set the stage for next week’s trading. Brian Whitmer, Editor of The European Financial Forecast, joins the show to talk about his views on the international markets and his forecasts for global markets. Brian shares his history using Elliot Wave principles to forecast market moves and macro economic cycles. PowerPIck:DIS

In the face of the August 2nd deadline on the debt ceiling, the question came up about the US gold holdings and the possibility of using that to carry the US for a little while. How much do we really have? Who has the most Gold? Ryan Cook, makes is first appearance on the show, walking listeners through the trials and tribulations he encountered on his way to being a successful trader. He breaks down the importance of having a Mentor, and how it helped give him structure and discipline. PowerPick: TSO