Your Chart of the Day is here!
| How to Turn 1 Long-Term Buy Signal Into Countless Trade Ideas | |
Successful traders use reliable tools to get profitable results. When a trusted tool signals an entry, they don't hesitate to enter. Many retail traders, on the other hand, fear taking action. When a reliable tool flashes a buy signal, they fear "this time is different," and often sit on the sidelines. When the asset does indeed move in their direction and in-line with the indicator, they fear they've missed out... So they end up chasing the trade, only to lose later. I know this because I've been there. Trading with a longer-term perspective is one aspect that's helped change this for me. For example, several months ago, Chuck Hughes was on a show with me and mentioned his use of a 10-month moving average for seeing longer-term trends. He said many assets were signaling a long-term buy because of it, noting that this indicator had rarely failed him. Here it is shown on a monthly chart of the SPDR S&P 500 ETF Trust (NYSEArca: SPY), which of course tracks the S&P 500. | |
There are other long-term indicators I use that flashed long-term buys as early as last spring on certain assets. Those longer-term signals give me confidence because I trust them. Long-term signals occur regularly on so-called "hidden assets," and it happened frequently on many names during the bear market of 2022. Here's where it gets good... I use that longer-term view to make multiple shorter-term swing trades on the same asset. Like Eli Lilly and Co. (NYSE: LLY)... I talked about this asset all last year as a buy during the bear market before it started making headlines. Here is it on a weekly chart. | |
Note the many opportunities for swing and investment trades. One could buy the stock, trade options, buy premium, sell premium, even collect dividends. I did, and I still am. All of this was based on one long-term buy signal. The key to this approach is an understanding of time frame trading. For example, I've just shown you two key time frames: the monthly chart and the weekly chart… But what about the daily grind? There are a lot of serious issues plaguing our world! Speaking only about economics, we have the debt ceiling issue looming, rampant inflation, and don't even get me started about the rise in interest rates. … Surely the sky will fall any day now... "This time is different!" No, no, no, Henny-penny! Opportunities abound in my daily time frame world. I'll expand upon this during Wednesday's Roundtable With Don Yocham. Remember what happened to Ducky-daddles, Turkey-lurkey, and Goosey-poosey? The fairy tale comes with a great lesson. | |
Think and win!
Celeste Lindman Celeste Lindman Trading If you haven't already, join my Telegram channel here for frequent trading insights and market musings! *This is for informational and educational purposes only. There is an inherent risk in trading, so trade at your own risk.
| |
| I Hit the Nail on the Head for May… Here's My No. 1 Play for June | |
If you missed out on my May prediction — which was 100% right! — this is your second chance... Join me LIVE at 1 p.m. on Wednesday, May 31, for my No. 1 way to trade June, with a new trade opportunity when I go live… Here's the full story…. A few weeks ago on May 1, I made a bold prediction… Live on Zoom in front of 200 people! See the gray line on the chart below? That was my prediction for S&P 500 futures over the next few weeks...
| |
How did my prediction hold up? The chart below shows my prediction and the equal-weighted S&P 500 three weeks later... | |
And I'm going live again on Wednesday to show you my No. 1 way to trade June. Plus, I'll show you how to get in on a new trade opportunity when I go live. If I'm as right about June as I was for May, then you definitely don't want to miss out! | |
Disclaimer: The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein. Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment. Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio. Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit wealthpress.com/terms for our full Terms and Conditions. | |
Unsubscribe The Trading Pub
101 Marketside Ave
Suite 404 PMB 318
Ponte Vedra, Florida 32081
United States
(888) 203-6695 | |
Tidak ada komentar:
Posting Komentar