A Few Tips on How to Trade this Summer
The technology sector fell off early this June. The effect was a change of emotions in Wall Street. Before the fell off, there was an arrogant attitude where some investors considered the market as unstoppable. Today, their sentiments have changed, they are nervous than they have been for a while. The change in investor’s attitude has opened a door for the choppy market in this summer. Changes during summer are common, but the material change to investor’s sentiments is likely to cause an even bigger change. There are several ways one can take advantage of the situation. Proactive strategies that are designed to profit from choppy markets can be used. One of the strategies is called Lock and Walk. It has been used since 2000 and has been profitable during choppy market environments. It is important to note that past performance is not a guarantee of future results, but it is worth taking the risk. The strategy is intended to detail support and the resistance level in the 100 NDX NASDAQ -1.83% and to trade the ProShares Ultra short QQQ QID, +3.71%. It is also to trade the ProShares Ultra QQQ QLD, -3.63% when support and resistance levels are broken or tested. The following are the rules:
Another important rule related to the lock and wall strategy is, if the strategy has 67 basis points in gains, it will shut down till the next trading session begins. Additional tips available on netpicks.com.
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