The selloff that recently hit the technological field has caused a wave of unease among the investors. It has resulted into a change in the usual market tendencies on Wall Street. Despite the wavy market, there are still techniques that can assist investors in to generate returns. The Lock and Walk technique, a strategy that took almost a decade to design has managed to produce sufficient income despite the unstable market environment. This technique is rather direct and follows basic guidelines. It uses the support and resistance levels during testing.
When either in the Nasdaq 100 NDX, the ProShares Ultrashort QQQ, QIQ, and the Pro Shares Ultrashort QQQ, QLD. Below is how the strategy works: When the support either is tested by QLD or breaks the target resistance it sells, and when the resistance is either tested by QID or breaks the target support it buys. This strategy is slightly similar to the technical analysis that buys near support, trades near resistance and stops out when support breaks. Additionally, when the Lock and Walk Strategy has 61 basis points, it will shut down wait until the next trading season. This technique is favorable in this market solution because it is short term strategy. Watch this clips from vimeo.com.
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