Saturday, August 3, 2024

Myths are a Powerful Thing

It’s your weekly ProsperityPub Roundup
 
   
     
   
 
AUGUST 3, 2024
   
Myths are a Powerful Thing
 
 
Hey everyone! Happy weekend! 

This week, in the pages of ProsperityPub, we talked a lot about myths that new traders often believe.

Myths are a powerful thing. They force people to make a LOT of mistakes in the markets. And over the coming weeks, we’ll be BUSTING some of these top myths with a sledgehammer, and helping set you on the right path.

In the meantime, enjoy the best from around our ProsperityPub Universe this week. Have a great weekend! 

— Stephen Ground
Editor-in-Chief, ProsperityPub
HOT TIPS
Key Market Insights
 
 
Before Friday’s jobs report and subsequent big red-candle day, Nate Tucci told us the market finds itself in a “no man’s land”, stuck between not being able to go higher and unwilling to go lower.
 
Nate’s analyst, Phoenix Van Zutphen answered the question “Are We Still In A Bull Market?” — and the answer may not be as bearish as you think.
 
Jack Carter shared hard-hitting, actionable tips on trading in chaotic markets. There’s opportunity in every market, he tells us. You just need to know how to find it… and he tells us exactly how in this article.
 
Geof Smith gave us his thoughts on Friday’s market tumble. From election jitters to the Fed’s continued “higher for longer” interest rate stance and more… he breaks down why stocks sold off.
 
Jeffry Turnmire gave us a virtual smorgasbord of key market info including key levels and danger zones on the S&P & Russell, the psychology of market bubbles and more… Dig in right here!
The Best Thing to Come Out of
Oklahoma Since the Shopping Cart

 
 
 

In 1936, the modern shopping cart was invented in Ardmore, OK. 

Since then, things have been pretty quiet in the Sooner State, but Oklahoma native Geof Smith is on a mission to change that with his brand new “Oklahoma Trade.”

>> Click here to discover this breakthrough from the unlikeliest of places

 
HOT TRADES
Latest Winners
 
 
Jeffry Turnmire’s weekly Gold Rush Alerts has the potential to trigger every Wednesday at 3:30pm. Despite a chaotic week, it kicked off right on schedule — surging at Friday’s open and closing out with a 50% gain in just 2 days! Congrats to those who were in the trade!
 
Right in the midst of 2 weeks of market chaos, Nate Tucci’s Jump Trades snagged a juicy 165% winner in just 14 days! Great stuff!
 
Meanwhile, Jeffry Turnmire’s Apollo Algo seems to be an unstoppable force! In yet another chaotic week that saw a huge market drop, it’s pulled winning trades on XLP, MOS, CVNA, SPXS, RKT and more — Way to go Apollo!
 
Jack Carter pulled in another win with his Weekly Options Profits, betting on continued weakness in NVDA. 5% for just 3 days in the market!
THINGS LEFT UNREAD
In Case You Missed It
 
 
Our Editor-in-Chief, Stephen Ground, started a series dispelling common market myths that are holding traders like you back… Get started with it here. (and stay tuned next week as he does a deep dive into each myth)
 
Geof Smith broke down the recent slide in the price of oil — in painstaking detail — with a 3 part series: What’s Up With Oil?
 
Scott Welsh showed us how putting a little brainpower — and a super simple indicator you can add to your charts for free — can help us time the market… and enter at a great price, putting us ahead even with this week’s market drop. Check out his look back at this TQQQ trade!
 
Jack Carter called it Thursday! In an article titled The Market’s So Much Weaker Than It Appears, he said “I’m not trying to sound like I’m overreacting, but I smell downside ahead.” and urged us to be ready for a selloff. Check it out here!
   
 

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