Daily Trader Talk Newsletter
The Russell 2000 futures market (RTY) is currently in an up channel and looks to be ready for a bullish rally! Josh is watching the timeframe charts and says that the market is currently bouncing off the bottom of the channel and headed for a +1000 tick rally. Keeping an eye on the timeframes for the RTY is a good idea at this point. Josh believes we could see some great opportunities to buy into the RTY and make winning trades as the price continues to move up. Follow Josh's setup for the RTY to plan your entry into the market! | |
Musk has big plans for this digital coin, but will they work? The streaming service's stock is suddenly making decent gains. What changed? Big changes are coming for cruise ship companies | |
"If you don't study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards."
―Peter Lynch You wouldn't buy a car without looking at it and giving it a test drive, would you? Then why make a trade without knowing anything about the position you're entering? You don't have to understand all the complicated charts and buzzwords that the talking heads toss around, but you do need to conduct your own research when looking at a potential trade. Learn to use trend lines to find out if a bearish or bullish trend is developing. Figure out what people are saying about the particular stock, future, or option you're interested in. A little knowledge goes a long way when it comes to growing your wealth. This is your hard-earned money. Don't treat it like a stack of poker chips at the blackjack table. Develop a strategy and learn everything you can before jumping into a trade!
Keep Trading, | |
Hypothetical or Simulated Results Our educational products rely upon hypothetical or simulated performance results. These results have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. | |
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