The recent sell-off of tech stocks has some investors worried about the future of the sector. Analysts say the attitude towards these high-flying tech stocks on Wall Street is more cautious than ever before. Many financial experts believe there are going to be challenging times ahead for certain tech stocks.
Although it’s more difficult for traders to pick tech stocks in this environment, that doesn’t mean everyone should totally avoid the sector. Indeed, a few pro traders encourage clients to use the “Lock and Walk” method to profit off of the tech sector’s volatility.
For those who don’t know, people who use the “Lock and Walk” method look for key levels of support and resistance in the NASDAQ and buy or sell off of those numbers. When the NASDAQ 100 tests the support level, traders advise targeting resistance to sell ProShares Ultra QQQ (QLD). However, if support breaks, then it’s time to get out of QLD. The same holds true for trading ProShares UltraShort QQQ (QID) — only in reverse. Once resistance is tested, it’s time to get into QID and aim for the support level. If QID breaks through resistance, however, then it’s time to sell the name.
One company that’s excited to help average traders take advantage of the volatility in the tech sector is NetPicks. Ever since 1996, NetPicks has been involved in helping average traders reach their financial goals. There are now dozens of highly experienced traders working on the NetPicks team who educating people on different markets. In addition to helping with the stock market, NetPicks employees can help clients makes sense of the Options, Forex, and the Futures markets.
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NetPicks offers clients three different systems to choose from: full-time, part-time, and “done in minutes.” Executives at the company say customers don’t need to spend months or years learning complex trading strategies with their software. They also say they will always be more than willing to help clients struggling to understand some aspect of the market or trading software. Access their tutorial blogs, visit their facebook.com page
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Mark Soberman is the founder and current president of NetPicks Trading. His company is headquartered in Irving, Texas.
For updates on their recent timeline activities, visit https://www.linkedin.com/company/netpicks