And how I use it in my personal trading!

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Published: June 03, 2023 My No. 1 Indicator for Short-Term Trading Short-term trading techniques have risen in popularity thanks to the volatile market conditions we’ve endured.  So I thought I’d share one of my favorite indicators for short-term trading strategies… The Relative Strength Index was invented by J. Welles Wilder in 1978, and it’s featured in his book “New Concepts in Technical Trading Systems.” It’s a momentum oscillator that measures the speed and change of price movements. The RSI oscillates between zero and 100. It’s considered overbought when above 70, and oversold when below 30. I will spare you the long explanation of how to calculate the RSI because it’s available online, so there’s no reason to calculate anything by hand. Luckily for us, the only thing that needs to be adjusted is the time period… Wilder usually used 14 days to calculate the RSI oscillator, while I prefer to use a shorter time period. I find that the 10-day setting works better for short-term market swings, so that’s the only thing I change when using this oscillator. And I promise, it’s not as complicated as it sounds! Let Me Show You How It Works… ________________________________________________________ Roger Scott 29+ years of trading experience. Traded multi-million dollar accounts and has trained thousands of new and experienced traders. ________________________________________________________ Sharing My Secret... How to Trade ‘The M-Spike’ I hosted a live bootcamp session Thursday that I believe was one of the most content-rich workshops of my career. Unfortunately, a lot of people weren’t able to attend…  So I’m offering a chance to catch the replay one more time, at no cost!  Watch the session here! In the bootcamp, I dove deep into: The five most popular indicators. The “M-Spike” and how to spot it on your charts. The research behind the “M-Spike.” A list of top 12 performing tickers for “M-Spikes.”  “M-Spike Bull versus M-Spike Bear.” The Four-Day Flip strategy. I can assure you, it was a session not to be missed!  Learn How I Trade ‘The M-Spike’ Here My Top ETF as GameStop Prepares to Report Earnings Roger Scott | June 1, 2023  The Fiscal Responsibility Act passed with bipartisan support, and is key in raising the debt ceiling and preventing the U.S. from defaulting. I See a BIG Red Flag With Consumer Stocks. Plus, a Deep Dive Into Algos Roger Scott | June 2, 2023  The major indices are up premarket and we finally have a debt ceiling bill in place.    A WealthPress Publication   ABOUT US:   We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. WealthPress provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Wealthpress LLC are for your informational purposes only. Neither Wealthpress nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Wealthpress is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions.  Please visit wealthpress.com/terms for our full Terms and Conditions. Manage Your Email Preferences Unsubscribe This email was sent by: WealthPress 495 Town Plaza Ponte Vedra, FL, 32081, US Roger Scott Update Profile