The selloff in the technology sector has dramatically influenced people’s perceptions about Wall Street. Initially, it was characterized by a sanguine attitude where some investors believed that the market was unstoppable. Presently, the Wall Street faces multiple uncertainties. The change in attitude has resulted in an unusual choppy summer market condition. However, traders should not have to worry anymore about these circumstances.
Traders can overcome the low volume choppy market conditions using a proactive strategy designed by NetPicks to generate revenue from such market conditions. One of the most effective strategies used by the company is known as the Lock and Walk. It is intended to provide support and boost resistance levels of the Nasdaq 100 NDX, -0.11 percent while trading both the ProShares Ultra QQQ QLD, -0.02 percent and the ProShares UltraShort QQQ QID, +0.32 percent. This strategy works well when support and resistance levels are broken or undergoing tests.
The do-it-yourself guidelines can be very familiar to users of technical analysis. If QLD tests the support, a trader should target resistance to sell. If the support is broken, then you should sell the QLD. If QID tests the resistance, then target support to sell. If the resistance breaks, you need to sell QID. In addition, if the specific strategy gains by 67 basis points, it will shut down and wait for operations to commence in the next trading session. Related article on this helpful link.
NetPicks is an online trading strategy company, which is headquartered in Irving, Texas. The corporation seeks to bring a wealth of knowledge in online trading. It was founded in 1996 when the day trading and online trading were emerging. The company has been the most reliable provider of trading education given that they focus on helping regular traders to earn revenue in any market. They have achieved their objectives by concentrating more on signals, systems, Forex, Stocks, ETFs, and Options. More trading tips available here.
Mark Soberman is the head of NetPicks. He works closely with a trained team of professionals. With more than 17 years of experience in offering trading education and over 25 years experience in personal trading, the company has a workforce of real traders who are passionate about assisting investors to achieve their business goals. Every NetPicks coaching team member receives trading information on a daily basis. The organization’s trading systems aim at achieving a full-time career, part-time income, and efficient processes. These systems have a simple design that ensures that traders learn fast.
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