The sentiment on Wall Street has seen a dramatic change. The arrogant attitudes and normal hubris have faded away from the faces of affluent traders. It seems the summer heat may have melted away. When traders considered the market unstoppable a degree of nervousness set in and settled in the brains of newcomers and veterans alike. It was a dark time for Wall Street. The window is wide open for new choppy trades to be executed this summer. Normally, during the summer months all sectors experience a degree of sluggishness. The sectors have cooled off like they’re sipping some sweet lemonade. It could be the runoff from heated winter months when retail skyrockets amidst holiday rush and consumers are in a spending frenzy.
There are ways to take advantage of sluggish markets and slow trades during the coming summer months. Traders do not have to be subject to a lagging portfolio. The best way to beat the heat is to be proactive. A common strategy is known as the Lock and Walk. It works well during slow months and choppy markets. Past performance of this strategy suggest it is time tested and a proven keeper for serious investors. The key in this strategy lies in the investor’s ability to respect support and resistance levels on the NASDAQ. When these levels are stressed and tested the trader opts to trade ProShares UltraShort QQQ and then trade ProShares Ultra QQQ. To turn a profit, the trader must execute the trade when support and resistance levels are broken. Hit on dailyforexreport.com to read more about socially responsible investment.
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