The sentiment on Wall Street has made investors a bit more nervous this year and with the huge drops in the Nasdaq, due to a sell-off of some big name tech stocks, investors were playing it safe and being a little more cautious, on top of the typical low-volume trading, that is usually seen in the summer months. There is still money to be made, using some strategic analysis and any investor can still profit, despite the market volatility.
According to Thomas H. Kee, Jr. in his article “Opinion: Use this simple strategy to profit from choppy summer trading”, he discusses a favorite strategy that he likes to use called the Lock and Walk. This strategy involves support and resistance levels in the Nasdaq(NDX) by trading ProShares(QID) and(QLD), while watching the support and resistance levels closely. When support breaks then sell QLD. When resistance breaks then sell QID. Kee explains that any investor can be successful by following this strategy in intraday trading. To read more about trading, check this link on netpicks.com.
Netpicks is a trading strategy company which specializes in effective short-term trading strategies and they recommend the Lock and Walk strategy as an effective means of taking profits, with tremendous success. A must-read article here.
Founded in 1996 in Irving, Texas, Netpicks specializes in working with short-term traders in teaching them how to reach their investment objectives through online video training tutorials, virtual practice sessions and automated trading systems. With over 25 years of professional trading experience and expertise, Netpicks investment coaches are there every step of the way in helping every investor achieve their goals. For an overview of the recent news and activities, hit crunchbase.com.
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