Tuesday, April 13, 2021

Markets down as earnings season approaches

Earnings season starts for real this week, with the banks kicking thing off starting Wednesday.

Tensions about rising cases and possible further lockdowns caused some concern among investors, which forced the markets slightly lower on Monday.

It will be interesting to see how earnings from the major banks affect the market, it at all, in the coming days.
Markay Latimer has been busy in recent weeks, spending time with her family on vacation.

But that's not all she's been doing:

She's also been hard at work preparing her next FREE class for our traders.

And Markay wants you ALL to attend Thursday night, as she explains the common trading indicator she uses to time better entries.

Click here to reserve your seat for Markay's class
Clicking automatically registers you for the class and periodic updates from Markay Latimer (privacy policy)
Clicking automatically registers you for the class and periodic updates from Markay Latimer (privacy policy)
The Winnipeg Special
Rob Booker has an old trend line chart pattern he uses called the Winnipeg Special.

He recorded a Youtube video to explain it to you.

Watch it here
Monster Wins are on everyone's mind these days.

From Bitcoin to Ethereum to GME to AMC to TSLA.

(Hey, remember when TSLA was hot? That seems like a long time ago, which is crazy!)

Monster Wins seem like the norm, something we all should be striving for.
But should we be?

Well, yes and no.

Yes, there's nothing wrong with trying to catch a Big Win. It can change your trading account size and change your life.

But, no, we definitely should not be chasing Monster Wins...if we do it irresponsibly.

Getting a tip from a friend, searching online articles, and then following the advice of the reddit gambling horde is not a viable strategy.

It almost certainly will not end well.

So, how do we know if we're trading responsibly?

The answer is simple.

If it's repeatable, it's usable.

If what you're doing can be repeated next week and have the same prospects of success, then it's a trading strategy.

And trading strategies are how we get Monster Wins.

Without blowing up anyone's account.

Message board bravado and hope is not a strategy.

A trading system (with rules) that's utilized on instruments that tend to trend hard, however, is something we can do long-term.
Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. You may lose more than you invest. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. The information on this website is intended as educational in nature and we do not recommend that you buy or sell any specific financial instrument.
 
 
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