Netpicks offers trading options for the uneven market during the summer time. It is not out of the ordinary to experience low-volume trading during this time of year. Netpicks takes advantage of this phenomenon by implementing the proactive strategy called the “Lock and Walk,” and the idea has shown to create a profit in the past during the uneven markets. As we all know, performance in the past will never be a promise of future profits, and with that said, here is an explanation of the Lock and Walk.
This approach requires to first acknowledge the support and resistance levels in the Nasdaq 100 NDX, +0.18%, after it will then trade the ProShares UltraShort QQQ QID, -0.36% and the ProShares Ultra QQQ QLD, +0.38% once the support and resistance levels have either been broken or tested.
Once an investor understands these rules, they can put them in place. Here is a breakdown.
- When support is tested by QLD then target resistance to sell.
- When support breaks then sell QLD.
- When resistance is tested by QID then target support to sell.
- When resistance breaks then sell QID.
There is one more golden rule of the Netpicks Lock and Walk system that will stop any further action and back up the next trading day and that is if there is 67 basis points in gains, stop. This technique allows for survival in the uneven market. Technical analyst may breakdown these guidelines into basic buy near support, sell near resistance, but if support breaks, stop out. Read an important review of the company, click on dailyforex.com.
Netpicks, an online and day trading company, prides themselves on providing valuable and informative education. Trading tips here. The community has set a goal to help average traders come into great success using their teachings. Learn from their tutorial blogs, visit their facebook.com page.
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Mark Soberman along with NetPicks Coaching Team don’t pull any punches and offer fast, effective training through videos. Netpicks knows that the skills needed to understand and profit in all trading environments can be acquired quickly, which allows actual real-life trading goals to be met faster. For updates on their recent timeline activities, hit on crunchbase.com.
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