Netpicks has You Covered for Simple Summer Investing Strategies
Summer is here, and with it, the markets can experience choppy performance, especially with the low volume associated with this season. NetPicks. As outlined in a recent article in Market Watch, if you follow these simple steps, your summer can be a lot less tumultuous. Due to various factors, the summer session is expected to be less quiet than in previous years, yet many traders are still looking to spend some time away from the market.
NetPicks is well known for their effective online trading strategies, as well as the depth and breadth of their educational materials. Many traders that are starting out building their business turn to NetPicks to gain keen insight on the market and how they can successfully make money as an independent trader. Additional tips on investing.com.
Learn more about the company on this article on interview.net.
NetPicks‘ strategy hinges on the support and resistance levels of the Nasdaq 100 NDX, with the trading of the ProShares UltraShort QQQ QID, as well as the ProShares Ultra QQQ QLD, at various points in time when certain levels are neared or broken through. The trigger points are well-defined and can be set up yourself in order to take advantage of the slower summer months. Trading inflections such as the levels at which QID and QLD breaks will trigger a sell event. These strategies are straightforward and easy to implement if support breaks sell QLD if resistance breaks sell QID.
This strategy is tailor made for traders that want to take a bit of a break over the summer and therefore, these strategies should not be used for long-term positions. There are stop mechanisms in place in the event that 65 basis points are gained in a single session. NetPicks and their clients believe that these simple strategies allow for a more stress-free Lock and Walk implementation. For added details, click on crunchbase.com.
Watch Live Traderoom Replay Videos, hit on this.
Traders looking to weather the choppy market storms that are expected over this summer season may want to take a closer look at NetPicks’ Lock and Walk strategy, which was first implemented in 2000. Past performance does not guarantee future results, and this strategy has been known to be profitable during choppy markets in past years. For timeline activity update, visit one of their social media page here.