US MARKETS, IS IT TOO LATE TO SHORT? GOLD STOCKS, WAS YESTERDAY A KEY REVERSAL DAY?
Chris Vermeulen joins me today to share his trading strategy for US markets and the gold sector. With US markets moving up today after the worst day in over 30 years I ask the question “Is it too late to short these markets”?
When it comes to gold and gold stocks, yesterday was a huge reversal day. Today the move up is continuing. Is this the all-clear to jump back in?
Be prepared for some really ugly earnings data in Q1 an Q2 of this year, then we’ll figure out if our expectations were accurate or not and what we should be doing to plan going forward.
The type of market condition I think we have entered could be here for a long time, and it’s going to be a traders’ market, which means you must have a trading strategy, plan your trades, and trade your plan. It’s amazing how simple a few trading rules that are written down on paper can save you thousands of dollars a week or month from locking in gains or cutting losses.
I have this mini trading strategy mastery course if you want to take control of your trades and override your emotional issues. And also if you want to start making money from home which is the only option going forward the next 3-6 months from the looks of it my trading as a business program is something to think about doing.
– If you hold winners until they turn into losers
– Taking too large of a position and get stuck with a drawdown so large that if you close the position you will lose 10-50% of your trading account
– have masted the art of buying high and selling low repeatedly?
All these things happen to most traders, and they can easily be overcome with a logical game plan I cover in the crash courses, pun intended 🙂
In short, if you have lost money with your trading account this year giving back years of gains, I think it’s worth joining my trading newsletter so you can stay on top of the markets and if you really want to excel take my mini-courses. I take the loud, emotional, and complex markets and deliver simple common sense commentary and a couple of winning trades each month for you to follow.
My trading is nothing extreme or crazy exciting because I’m not an adrenaline trading junky. I only want to grow my entire portfolio 2-4% a month with a couple of conservative ETF trades. Earning 22%-48% return on my capital every year without the stress of being caught up in this type of market, and knowing I have a proven bear market trading strategy incase this market continues to fall is a comforting thought.
As a technical analysis and trader since 1997, I have been through a few bull/bear market cycles. I believe I have a good pulse on the market and timing key turning points for short-term swing traders.
Visit my ETF Wealth Building Newsletter and if you like what I offer, and ride my coattails as I navigate these financial markets and build wealth while others lose nearly everything they own during the next financial crisis.