The selloff of the technology sector earlier this month resulted in a dramatic change of sentiments on Wall Street. Previously, there was sanguine and in some instances arrogant attitude in the technology sector. As a result, some investors assumed that the market was unstoppable. Today, the technology sector experiences a degree of nervousness than ever before.
The change of sentiment on Wall Street will probably result in a choppy market during the summer. That has not been the case during the low-volume summer months, but now the likelihood has become even higher due to the material change of sentiment. Nonetheless, traders can still maneuver through by using proactive strategies. These strategies are designed to help traders make profits even from a choppy market environment. One of these approaches is Lock and Walk, which has proved to be profitable in the past choppy markets.
Lock and Walk strategy is designed to respect resistance levels and support in the Nasdaq. Afterwards, it trades the ProShares Ultra QQQ QLD, +0.82%, and the ProShare Ultra QQQ QID,-0.87% after testing support and resistance levels. The strategy is familiar to any trader who uses technical analysis. Lock and Walk strategy doesn’t focus on long-term positions. That is what has enabled it to perform exemplary well in a choppy market. Read an important article here, check this link on netpicks.com.
NetPicks was founded in 1996 upon the emergence of online trading and day trading. Since then, it has quickly grown to become the gold standard in the provision of trading education. Located in Irving, NetPicks focuses on helping traders achieve their trading goals. Mark Soberman and his fellow trading professionals at NetPicks bring a wealth of experience in commodity trading. With 17 years of trading experience, NetPicks has trust in its professional traders who are passionate about helping clients achieve their success in the markets. For an overview of their timeline activities, click on this.
Each member of NetPicks coaching team takes time to understand market trends. Often, NetPicks has experienced the highs and lows of commodity trading. It focuses on helping its clients as they get started. Read and learn from their tutorial blogs, visit their linkedin.com page. NetPicks systems are easy to understand, and you don’t have to spend months training. NetPicks has pledged to walk with you through every step of the way.
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