There Will Be Lots Of Surprises

In 3 Days You Will Learn More Than You Ever Dreamed Possible
And It's Going To Happen at TradingMarkets2001!

Dear TradingMarkets Member:

I'm pleased to announce that TradingMarkets2001 is coming this October. We've got new speakers, new workshops, lots of surprises, plus--your chance to play one-on-one with Larry Bird.

We look forward to seeing you there!

They're Coming To The Qs For A Reason

Would you like to participate in major market moves to the long and short side--and worry less about news driven price surges or plunges?

If the answer is "yes," trading the QQQs may be the ticket. 

For trend followers, QQQs have a lot to offer. Just pull up daily and weekly chart of the QQQs and look back at the past several months of action. See what I mean? 

Since the QQQs track the Nasdaq 100, you have less exposure to the insane volatility of individual stocks, while at the same time being able to ride longer-term moves in the market as a whole. Many traders are attracted to the relative simplicity of trading the QQQs, finding that they can do so successfully by monitoring less information than they would have to if they were trading individual stocks. 

In the first installment of a three-part series on trading the Nasdaq 100 Tracking Stock (QQQ | Quote | Chart | News | PowerRating) "Why More and More Traders are Trading the QQQ's", Duke Heberlein will show you: 

• What exactly the Q's are
• Why you should incorporate them into your trading repertoire
• How you can easily trade them, both long and short
• The advantages of trading the tracking stock instead of the Nasdaq 100 futures contracts

After reading Duke's lesson, if you are not already using the QQQ's in your trading, you will wonder what on earth you have been doing. Nearly every professional trader I have spoken to has traded the QQQ's at one time or another. Start learning why they utilize this versatile instrument in their quest for profitability.

Tsutae Kamada Will Teach You Candlestick Strategies You'll Never Hear From The Other Guys

If there was ever anybody who knows how candlesticks should really be applied, it's Tsutae Kamada. Born in Japan, Kamada came to the U.S. when he was 17 and has been a trader for over 10 years. Throughout that time, Kamada maintained close ties with successful traders in Japan and has developed a level of understanding of ancient art of candlestick charting that few traders in the world can approach. In his new lesson "Hammer And Hanging Man: Two Guys You Want On Your Side" Kamada teaches you two of his favorite candlestick patterns, and how to apply the subtle properties that usually get lost (maybe intentionally!) in the translation. You'll learn:

• How to define key price areas for candlestick charting.
• Two powerful reversal candlestick patterns: Hanging Man and Hammer
• You will see actual examples of how Hanging Man and Hammer react near the important price levels.

And finally, Tsuate Kamada will answer the question: Do we really need candlestick charts?

So many traders are looking for important candlestick patterns in wrong places. Location, location, location -- this is the key concept of candlestick charting. Kamada will teach you how make the best use of your time by helping you to zero in only on setups where candlesticks work extremely well. 

TM World's Trade of the Week
Switching Gears With Carolyn Lueck

You may be heavily on the short side of a stock. You have all the reason in the world to be short. The news is bad. The market is plunging. The pattern is ugly. But suddenly you see the surge in volume and buying pressure starting to crank. You must do what the weight of the evidence tells you to do.

At times, the proper course of action is to simply abandon your short and reverse to the long side. Carolyn Leuck was short the Nasdaq 100 Tracking Stock (QQQ | Quote | Chart | News | PowerRating) earlier in the week, then turned and went long, in two short-term plays. 

In trading, you have to be able to switch direction without hesitation. The ability to be flexible and flow with the direction of the market is a key characteristic of any successful trader. 

Observe the action that dictated to Carolyn why to trade in each direction and get a look into the rationale behind both of the trades she executed profitably. Check it out in TM World's Trade of the Week.

What Made Me Take That Trade?

You know you're supposed to be unemotional when you trade, but how often do you consider what really motivates your decision to jump in? Veteran trader Daniel Beighley takes a close look what happens when your motivation for trading goes haywire in his trading lesson: "The Silent Killer Known As Overtrading."

The tendency to overtrade has, at one time or another, gotten the best of all of us. Here’s what ridding your trading program of overtrading will do for you:

• Eliminate trades based on carelessness or feeling lucky after a winning streak

• Eliminate trades based on the desire for revenge after a losing streak

• Eliminate a tendency to trade for the sake of trading

Luckily for us there is a prevention program for this disease. It’s called "sticking with your strategy", and the best way to stick with your strategy is described in great detail in Daniel's lesson. Daniel found that this strategy worked well for him and that many successful traders throughout the world swear by it.

How To Be Bullish While Keeping Your Foot On First Base

Let's assume the trend of the market is uncertain. 

But you're seeing setups in individual stocks right and left. Is there a way to avoid sitting there paralyzed and trade with confidence. Jon "Doctor J" Najarian has the answer. Options expert Vincent Mao will show you how to use the bull call spread, a strategy that Doctor J likes to use because it allows you to benefit from a price surge while limiting your downside risk. 

Learn the full details at TradingSubscriptions.com in his lesson "Dr. J’s Hot Trades – The Bull Call Spread."

In addition to the Trading Lessons described above, please see our latest Trading Advisor. As always, if you'd like your trading questions answered, please send them to questions@tradingmarkets.com. Send any suggestions, recommendations and other input to suggestions@tradingmarkets.com.

Feeling off the wall? Send submissions for "Genius of the Day" to genius@tradingmarkets.com. Send your "What Do You Think?" ideas to poll@tradingmarkets.com.

Have a great weekend,

Eddie Kwong
Editor-in-Chief
TradingMarkets.com