An expert-driven approach to trading
Follow a stream-lined approach to Contrarian trading where expertise guides you through a graduated learning program. Select pre-screened opportunities that support a complete entry and exit strategy and also track your orders to target with recommended adjustments based on current market sentiment.
If you are interested in finding out more about this successful approach to trading and how to become part of this community, please email me direct at randystradingdesk@gmail.com
Wednesday, October 10, 2012
October 10, 2012-Stocks Close Firmly Negative on Weak Corporate Earnings
With traders expressing continued concerns about the outlook for the global economy, stocks saw notable weakness during trading on Wednesday. The losses on the day extended a recent downward move for the markets, with the major averages falling to their lowest levels in about a month.
The major averages ended the day firmly in negative territory, near their lows for the session. The Dow plunged 128.56 points or 1 percent to 13,344.97, the Nasdaq fell 13.24 points or 0.4 percent to 3,051.78 and the S&P 500 slid 8.92 points or 0.6 percent to 1,432.56.
The weakness on Wall Street was partly due to a negative reaction to earnings news from aluminum giant Alcoa (AA), which kicked off the earnings season after the close of trading on Tuesday.
While Alcoa reported third quarter results that exceeded analyst estimates, the company also lowered its forecast for global aluminum demand growth in 2012 to 6 percent from 7 percent. Shares of Alcoa tumbled by 4.6 percent on the news.
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Delivering Consistent Returns
Since Nov 2009 this system has delivered an average of 1.5% per week returns . The "Weekly Average" includes taking a loss on a stock 15% of the time following a prescribed stop-loss.
That means the same $10,000 invested at 1.5% per week would turn into $540,693 after 5 years. That's assuming you are only buying 50% of the recommended picks published for investors.
Now you can see why this is only available to a select number of individuals.
I challenge you to find another solution that provides as detailed a service in terms recommendations, pricing and tracking to target. And, I also challenge you to find one as accurate as this trading solution.
Remember, this is my specialty and a full-time focus as we continue to deliver a graduated learning program to an elite trading community.
Successful Trading requires:
1. Following a set of proven disciplines
2. Building confidence that removes emotion
3. Patience know "when to hold em and when to fold em"
4. Continuous Learning
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