Chart of the week. Yes we look strong in the past week real strong. Everything looks like a great pick weather its a energy stock tech stock financial stock heck Ford and General Motors too. It all looks like it could make some money. Don't get to happy. Last week we had the worst unemployment number in a long time and it's going to grow. You should always be ready for anything drastic that could happen.

Today was the prime time to take profits for the last five days. You have had to done it today because tomorrow is going to be a down day, and yes I am calling a down day. Mark my words we will be down big.

This market is unpredictable so taking profits is a must. That is the only way you can play with the big boys.

I want to talk about this new trading site that I found today where you could win prizes and trade for fun. Unlike other sites this is on going so its not like it a once a year thing. I really like because first you could win some great prizes (nothing better then free prizes). Also for the trading they have you can play all different ways like shorting buying puts it amazing. Just like the real thing. It's called Wall Street Survivor
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Here is a little about it.

Wall Street Survivor is the Web’s best free fantasy stock trading game and investment contest portal where players can manage their own fantasy stock portfolios and compete risk-free against friends, peers, colleagues or other players for the most lucrative cash prizes on the web.

Wall Street Survivor offers the only real-time fantasy stock trading game in which each player starts off with $100,000 in virtual cash, to build and manage a stock portfolio through simulated trades that are executed on a real-time stock trading platform. It also provides portfolio updates and tracks ongoing individual progress on a full-motion leader board.

Click here to check out Wall Street Survivor
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Well today I have changed my blog look once again. Why? Because this looks a lot more professional. This week I will be making changes to perfect it so if you come by and see funny looking things don't be alarmed just come back later.

I what to touch upon some tips that you should always think about before trading.

Insurance:
Do you have medical insurance? Well if your answer is no then you should never invest in stock. Why? Because on trip to the hospital and you will be in debt for a long time. You have to have medical insurance.

Credit card debt:
Do you have credit card debt? Well if you have debt there is no way in hell you should be invest in stocks. Pay off your debt first then think about investing with the bull's.

Margin account:
Do you trade on margin? Well this is the riskiest thing you can ever do. Why? Because you could lose everything you have funding it when stocks are falling. Don't even think about it, I know a guy that lost his small business and home because he was trading on margin.

Afford to lose:
Can you afford to lose a large amount of your investment if not all? Well the money that you invest in the market should be money that you have no need for in the next 4 - 5 years, and if you lose some or all you should have known what the hell you were getting your self into.

Broker advice:
Do you always take your brokers advice? Well this is just being lazy. Why? Because You have just as much access on the Internet alone to all the companies information, do your own homework. Your broker is looking at the commission trust me.

Well these are just a couple things that came to my mind at the moment.

Good Luck!

GM's Plan for the Bridge Loans. Not bad.

The other day I touched up on some online brokers but I didn't go into detail like I would have liked to. I recently opened a Zecco account which like very much. Why? Because its FREE. I know only 10 trades, but what I did was open two accounts one in my name and one in my wife's name. Even if you open 1 I think that is one hell of a deal. It's also good for the low priced stocks where you want to buy in large quantities.

What is Zecco?

Zecco is an online brokerage with an amazing deal: 10 FREE stock trades every month to customers who keep only $2,500 in assets in their account. Stock trades are just $4.50 each otherwise. There’s NO annual fee. There's no catch. They can give away free trades because the cost of executing a trade has become very low. And like other brokerages, They make money on interest income and options trades. Pretty simple, right? And yes, They're completely real. Zecco Trading is a fully disclosed broker/dealer and a member of FINRA and SIPC. I highly recommend it and there is nothing better then FREE.I personally hate paying commission but who doesn't. Check out Zecco here