NetPicks & The Lock and Walk Strategy
It was reported in June 2017 the details associated with the lock and walk trading strategy. In that month, Wall Street has drastically changed after the occurrence of the technology-sector selloff. Due to that, investors began feeling nervous about the market. With the change of Wall Street, the door opened a door for a choppy market throughout the summer months. As a matter of fact, the likelihood of a choppier market than usual was there due to the sentiment. And because of that, a proactive strategy, the lock and walk trading strategy, had to be used. Read this relevant article on hitechchronicle.com.
The lock and walk strategy has been profitable during previously chopping markets. It’s designed to respect resistance and support levels in the Nasdaq 100 NDX, -0.70%, afterward traded to the ProShares UltraShort QQQ QID, +1.13%. It’s also traded to ProShares Ultra QQQ QLD, -1.27% when resistance and support levels are broken or tested. To do this yourself, you must abide by the following rules:
Another important rule concerning the Lock and Wall strategy includes it shutting down when the strategy possesses 67 basis points in gains, and this strategy must wait until the start of the next trading session operating again. The history and more details about this strategy are found on the Stock Traders Daily website.
NetPicks is a trading firm that began in 1996. It is based in Irving, Texas. NetPicks also always has been a gold standard in offering various trading education, such as stocks, futures, Forex, options, and more in swing trading and day trading. For additional trading tips, check dailyforex.com.
Read this important review of the company, click this useful link.
The founder of NetPicks is named Mark Soberman, and he and his trained staff bring a wealth of trading expertise to investors. NetPicks has over 25 years of trading. And furthermore, NetPicks’ trading systems were created with specific goals in part-time income, full-time career, and done in minutes offers. Hit this to access and read their free tutorials.
For their recent timeline activities visit https://www.crunchbase.com/organization/netpicks#/entity