Proposed Trading Transaction Tax – Fight It

In case you don’t know, Congress is considering a .25% tax on every trading transaction. Individual traders and institutions alike would be hurt immensely by this tax.

Please take a few minutes to fight this proposed tax, which would change trading as we know it.  Green Trader Tax Company has developed a petition that you can sign, and have it automatically sent to your representatives and to President Obama. Please visit this site and sign the petition.  ”A financial-transaction tax is detrimental to many industries.”

Please forward this message to your friends, or get them to register at http://www.coloradotradersgroup.com/wp-login.php?action=register

Stay in touch with other traders & win!

Create a user account to be entered into a raffle on April 1st, 2010.  Every person who creates a user account on the Colorado Traders Group web site will be entered.  Click to register.

Just because you are receiving posts from us does not mean that you are registered. If you are currently registered you will be automatically entered for the drawing.

Prizes will be given to the first 20 names drawn.  20 people will win a set of three Technical Analysis CDs, a $149 value.

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Recording – Update on Globalization 3.0: Credit Purge Era and Transition to the New Normal

For anyone who missed yesterday’s webinar with John O’Donnell, check out the recording.

We already posted the recording! You will find it at: http://transcripts.fxstreet.com/2010/01/update-on-globalization-30-credit-purge-era-and-transition-to-the-new-normal.html

Secrets for Profiting in Bull and Bear Markets

While walking in my community recently, I encountered my friend and neighbor, Larry Walters. Larry told me about a book he just finished reading, Secrets for Profiting in Bull and Bear Markets by Stan Weinstein. He said it really helped him get “on the right side of the trade” much more often. So, I picked up a copy myself.

While Secrets for Profiting in Bull an Bear Markets was written in 1988, its approach is still valid. Weinstein offers a simple set of rules to interpret charts, including a 30-week moving average to identify trend, and visual identification of a “basing area” (what OTA graduates know as a demand zone or supply zone). 

Weinstein also goes into timing — when to buy,when to sell, and common mistakes with shorting. The book quizzes you at the end of each chapter – a good way to find out if you really “got it”. I found this book easy to read and a great addition to my trading/investing library.

Who else has read Secrets for Profiting in Bull an Bear Markets? What did you think of it?

Karen Trisko