It is the time for choppy markets to shine. During this summer, the trading community seems to have agreed that times are different when it comes to your attitude in the trading business. Where before the act of trading was full of arrogance and aggressive market, there is now a need for attention and carefulness.
Because of how the summer period is known for its slow pace and deficient levels of trading, it is best to find a proactive strategy that directly targets the choppy markets for profit, to take advantage of the shift that the industry is taking during these months. One of the most famous strategies that take advantage of the summer’s trading environment and that many businessmen have already adopted, especially in the summer of 2017 where it became more popular and prevalent, is the “Lock and Walk” strategy, invented by Thomas H. Kee Jr.
According to the creator of the strategy himself, it all comes down to respecting the resistance levels of the famous Nasdaq 100 NDX and proceeding to trade both the ProShares UltraShort QQQ QID and the ProShares Ultra QQQ QLD.
If you are not aware of the terminologies of the last paragraph, they are specific to traders that reference procedures and trading marks. If you have never heard of the Nasdaq, one of the most talked-about names for the past few months in the trading market, you probably don’t have a support team of traders to coach you. More to read and learn in this article on this related link.
It is imperative to know the terminologies and their meanings, as there are many of them referencing types of trading and strategies to adopt in different periods of the year where the market is more aggressive or more reclusive. On the same note, if you are not sure about what to do next when it comes to adopting a plan for your trading course, it is better to find an experienced group to teach you the basics and the advanced techniques of trading, as the industry is very competitive. Click thenewsversion.com to read helpful investing tips.
We couldn’t recommend Netpicks more. They have advanced trading techniques and have formed hundreds of young businesspeople to enter the trading market in the right foot.
They are headquartered in Texas, but you can visit their official website to learn more about their classes, strategies and who are they. Visit their facebook.com page to read and learn from their tutorial blogs.
Another of tutorials is this useful link on youtube.com.
With that out of the way, the strategy for the summer period lies in testing the support by QLD and the resistance by QID to know if you should sell them or not yet.
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