NetPicks Discusses About Summer Trading Strategies

Following the selloff experienced in the technology industry at the beginning of this month, the reaction on Wall Street has changed considerably. Initially, there was a confident and sometimes arrogant attitude. A number of investors considered the market to be unstoppable. Presently, there is some level of nervousness that has not been observed for a while. The change in attitude leads to a shifting market during the summer months. Such environments are not uncommon in the low-volume summer months. However, with a material change in the environment, the likely hood of shifting markets is even higher.

An investor can take great advantage of this situation by using a proactive strategy. This approach is devised to enable investors to profit from choppy market environments. One of the strategies is called Lock and Walk. This plan has proved to be profitable in the past. However, past performance is not guarantee of future outcomes. Lock and Walk is designed to enhance the resistance levels and support in NASDAQ 100 NDX, -1.83 percent and subsequently, trade the ProShare Ultra QQQ QLD, -3.63 percent and ProShares UltraShort QQQ QID, +3.71 percent when the resistance levels and support is broken or tested. Useful link here

If the support is tested by QLD, one should target resistance to sell. If support breaks, one should sell QLD. Additionally, if resistance is tested by QID, one should target support to sell. Thus, if the resistance breaks, an individual should sell QID. These rules are familiar to those who use technical analysis as people purchase near support and sell when they are close to resistance. However, if support breaks, it is advisable to stop out.

About Netpicks

Netpicks is an online trading strategies firm that was established in 1996. The company has been the gold standard in offering trading education that ranges from signals, futures, forex, options, stocks, day trading to ETFs in swing trading. NetPicks focuses on facilitating regular traders to succeed in the market. Read additional tips, check yelp.com

NetPicks is headquartered in Irving, Texas. The entity has employed the services of highly trained experts who have extensive experience in actual trading. They are led by Mark Soberman. Some of the company’s professionals have been rendering their services for over 25 years and 17 years in personal trading and offering trading education respectively. Netpicks boasts of traders who are passionate about enabling people to achieve their trading goals. For Netpicks timeline activities, click crunchbase.com.

Click on netpicksllc.com for NetPicks contact info.