To the shock of many investors at Wall Street, the technology sector that was considered an unstoppable market went into a sell-off. It happened early this month. As a result, it caused a degree of nervousness among investors at Wall Street. It was an unpredicted turn that has changed the previously held sentiments about its growth. As a result, it opened the doors for a choppy market this summer. The material change to investors’ sentiments has increased the likelihood of a low-volume season. However, people can take advantage of the market state by using proactive strategy.
The strategy has been designed and perfected over time. The approach design ensures profitability in a choppy market environment. The Lock and Walk strategy profited during the past choppy markets. However, it is not 100 percent guaranteed as the past holds no key to the future. The main idea is to respect the support and resistance levels in the Nasdaq 100 NDX. Trade the ProShares UltraShort QQQ, and also the Ultra QQQ when the resistance and support limits get tested or breaks. In short, if support gets tested by QLD, the investor should resist selling. If it breaks, sell QLD. If resistance is tested by QID, the investor should target support to sell. If it breaks, sell QID.
The rules are familiar to traders who use technical analysis. After reaching 67 points in gains, the Lock and Walk system shuts down till the next trading session begins. The short-term positions enable the strategy to do well in a choppy market. Learn more about trading, click this useful link.
Trading requires a smart strategy and not an extended approach. Netpicks trading strategies ensure that a client gets the best out of their investments. Netpicks was founded in 1996. During this time, trading has just entered into the online platform. The company concentrates on providing trading education while helping regular traders gain profits. It has its headquarters in Irving, Texas.
Netpicks is headed by Mark Soberman, the president, and founder. He has 25 years of trading experience and 17 years of teaching trading techniques. Together with his trading staff, they combine years of experience that translates into gains. They have designed a system specifically for full-timers, part-timers, and those who trade for a short while. The system takes a short time to learn. For additional trading tips, check on this.
On the bright side, clients are supported by the Netpicks trading teams. Read tutorial blogs on their facebook.com page.
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For updates on their timeline activities visit https://www.crunchbase.com/organization/netpicks#/entity