Mar 24 | The importance of adjusting your trade plan for the Nasdaq 100

Daily Trader Talk Newsletter
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Hey Trader,

The Nasdaq 100 follows the top 100 companies in the US. And with the constant breaking news, revenue reports, and analysis of those companies, the market's overall trajectory can quickly change. But before we get to all of that, I need you to wait just a minute...

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Now, back to what I was saying...

That's why Josh is focused on constantly making adjustments to his trade plan to account for the sudden changes. Josh's timeframe snapshots are a great way to see upcoming direction shifts to maximize your trading profits.

Follow along with Josh as he explains the importance of monitoring and adjusting your trading plan to keep up with the market's daily swings.

THE NEWS DESK

These indicators are pointing to a sharp economic rebound

Is the US economy finally turning a corner after the year-long pandemic?

Is the sharp oil selloff finally running out of steam?

Worries over demand are starting to subside

The SEC is gearing up to boot foreign companies from US stock markets

It has everything to do with auditing standards

WORDS TO TRADE BY

"Every once in a while, the market does something so stupid it takes your breath away."

-Jim Cramer

It may sound cliché, but you should trust your gut when you're unsure about a trade. Jim is spot on in his assessment of the market's ability to pull a "hold my beer" move when you ask, "can this get any weirder?"

As we've said here many times, the market acts institutionally at the hands of thousands of players. It's the financial equivalent of a herd of cows losing their minds and stampeding after getting spooked by a prairie dog. Once the majority goes into a panic, the show's over.

That's why you should trust your instincts when you see a trend developing. But make sure the data backs up your gut feeling!


Keep Trading,

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