Trading with a small account

retail traders are smarter than you think
 
   
     
   
 
APRIL 10, 2024
   
PROSPERITY PUB MARKET TALK
Trading With A Small Account
 

There's a common story we hear about the stock market: Wall Street investors are the “smart money”, and small-time, home-based retail traders don't stand a chance.

Especially when you see stocks like NVIDIA skyrocket, it might seem like the big guys have all the advantages.

But here's the real deal: it's not about being smart or not…

 

— Nate Tucci
 
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GUY COHEN’S TRADE RADAR
Has The Reversal Begun?
 
 
 

Over the past few weeks I’ve mentioned we need to see something more dramatic like a monorail reversal bar in order to feel more confident of an imminent and meaningful pullback.

Thursday’s action was that bar. Now, although Friday took back a large proportion of those losses, we do now have a baseline level of support.

Remember what I said last week:

March 15th seemed to herald a long-awaited pullback, but the market had other ideas and there was no downward follow-through.

That tells me we’re likely going to need a very strong reversal signal for a meaningful pullback to happen.“

 

Follow the money,

— Guy Cohen
   
 

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