If you needed more evidence that volatility is still an issue in the market, just check today's ticker. The market recovered its losses from the past week and even set some new records. But we're also seeing renewed interest in the so-called "meme stocks" from Reddit. GameStop's stock surged so quickly today that trading was halted twice due to volatility concerns. Investors are switching from growth stocks back to value/cyclical stocks. But that's also good news. It means Wall Street has more confidence in the economic recovery, and they expect things to return back to normal soon. We'll have a better picture of what to expect in the long run once the new stimulus package is passed.
Now let's go Beyond the Trade! Do You Have the Discipline to Trade the NASDAQ? Do you have the discipline to trade the Nasdaq? In this video, I go over what it takes to trade the Nasdaq. Often, fear of missing out (FOMO), lack of discipline, ability to follow a set of rules, and emotion prevent new traders from making sound financial decisions. But how can you overcome those obstacles to become a more successful trader? Check out the video to learn more!
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Wednesday, February 24, 2021
Beware the ongoing volatility in the market
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