Most people have seen all three of the “Back to the Future” movies, right?
I don’t want to spoil anything in case some of you haven’t, but in “Part II,” consummate bully and Marty McFly foil Biff Tannen steals a sports almanac (and time machine) to go back to 1955 so he can make money betting on sporting events he knows the outcome of.
He ultimately went back in time to give his younger self an edge...
The point I’m making is that the movie had me recently thinking about all of the important trading tips I know now that I’d love to share with my younger self. Wednesday marked 28 years to the day since I chose to become a trader, and I’ve learned so much…
So I thought I’d do something a little different with this video and replicate the movie formula by giving everyone some important trading tips I’d tell my younger self.
The major indices were down Friday on weaker-than-expected jobs growth.
The tech-heavy Nasdaq dropped for the third straight day on Thursday after coming within 6% of all-time highs.
The S&P 500 and Dow were also down after both recorded highs earlier this week.
One likely catalyst is the newest jobs report. Data released Friday morning showed less than half as many new jobs, 199,000, were added to payrolls versus forecasts. Unemployment, however, fell to 3.9%.
Investors are waiting to see whether these new numbers will affect the Federal Reserve’s plans to raise interest rates.
In this stock market recap video, you’ll learn how Friday’s employment data can shape market action… whether COVID-19 is still a major factor for stocks in the United States… my top closed trade for the week… and what to expect from the market next week.
I do a ton of sector analysis and use back-tested, proven strategies to beat the market. I use proprietary formulas based on relative strength to track the top 5 strongest stocks… You know, the ones I send you in my new weekly watchlist. But now I want to know which stocks you’d like to see rankings for! All you have to do is reply directly to this email with your tickers!
The short answer is that companies tend to release big news over the weekend, causing stocks to “gap up” on Monday’s open.
Yet the secret to spotting these Monday morning gappers often flashes on Friday afternoon.
On Friday, Dec. 31, one trader used this secret to close winning trades like 68% on Cameco… 22% on Krispy Kreme… and 5% on Uber by the very next Monday morning.
Tune in LIVE at 1p.m. EST on Tuesday, Jan. 11, when he’ll share the groundbreaking secret behind these Friday-to-Monday trades.
A Confirmation Statement or Customer Statement is a statement of a customer’s account showing positions and entries. The SEC requires that a customer statement be sent to a customer every time a trade is initiated and closed out
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