Navigating the Markets: Transparency in Trading (IBB, rated BUY)
Posted on July 07, 2010 at 08:46 AM EDT
Written by Mark Messier at BioRunUp.com -- In 2009 the markets were roaring back after a steep decline. You could practically through a dart at a dartboard full of <font> stock </font> <font> tickers, and pick a winner. Times have changed. </font> <font> The market has slowed, if not reversed, and it is much more difficult to pick winners, or even to pick methods that are consistently effective. I have had to adjust the entry point of the "Run-Up". Last year 3-5 months was a great entry point. This year the window is tighter, more like 6-8 weeks. </font> <font> The point is- it is more difficult to profit in today's market. How do you know who to trust? Transparency is the key. Do you know many </font> <font> traders </font> <font> who post their trades live, or who allow a glimpse into their trading accounts? Below I will highlight some traders who I follow and respect- traders that are transparent. </font> <font> </font> <font> JohnWelshPHD </font> <font> JohnWelshPHD is one of the fore-fathers of transparency. He preaches it, practices it, and encourages it. Through his posts on </font> <font> Twitter </font> <font> , John posts each trade as he makes them, as well as following up with when and how closed the position with the loss or gain and his monthly totals. Here is an example screenshot that he posts, using the service TwitPic: </font> <font> </font> <font> For more information on JohnWelshPHD, you can view his blog here: </font> <font> http://johnwelshphd.tumblr.com/ </font> <font> If you have a spare 30 minutes his </font> <font> video interview on StockTwits </font> <font> is worth watching. </font> <font> TradeTicket </font> <font> TradeTicket is one of my favorite traders on Twitter. He is an expert at options trading and posts real-time trades as well as screenshots of his trades. For an example see the picture from </font> <font> Profit.ly </font> <font> below: </font> <font> </font> <font> </font> <font> Mike Havrilla </font> <font> Mike Havrilla from </font> <font> MikeHavRX.com </font> <font> is another example of transparency. On his website he posts every time he makes a trade in his forum. He also posts a screenshot of his Ameritrade account on his home page. Take a look: </font> <font> Trades: </font> <font> </font> <font> Account: </font> <font> </font> <font> Timothy Sykes </font> <font> </font> <font> L </font> <font> ove him or hate him, Timothy Sykes </font> <font> trading </font> <font> style is transparent. Tim posts all his trades on Profit.ly. Click this link to view his profile and trades: </font> <font> http://profit.ly/user/timothysykes </font> <font> Tim also runs the website </font> <font> Investimonials.com, </font> <font> where the common trader and user can review services, websites, and </font> <font> blogs </font> <font> centered around trading. Tim's trading website is located at </font> <font> http://www.TimothySykes.com </font> <font> www.mikehavRx.com </font> <font> is your prescription for stock index investing updates focused on the healthcare sector, medical innovation, and pending binary events such as FDA decisions and clinical trials. </font> <font> The actively managed HavRx Regulatory Catalyst Index update report is currently tracking 589 entries and 395 companies (including approximately 200 stocks trading under $5 per share and 54 private companies). Subscribers also have access to my real money portfolio tracker, Google Calendar event tracking for over 1,000 stocks in the HavRx Indexes, and real-time trading / article updates on the member forum. Click on the following email archive web link for a 50% discount promo code… </font> <font> http://eepurl.com/FWdn </font> <font> </font>