The Aussie market may have taken a few months to build its power, but finally, it has broken beyond the 6000 level. The market has not been at this level since 2008.
It is settling down now after its strong run and we need it to take a breather if it is going to continue with this new momentum. It has made for some great trading opportunities and I am certainly enjoying the ride. So, watch this month’s market update video and see how I view the current market through the charts.
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| Market Video Update |
Last month’s video was focused on my weekly long-term trading system and as promised this month I will be sharing more about my daily swing trading system. But not before I provide an update on one of my weekly trades that I have now been stopped out of after a phenomenal run. So what are you waiting for, watch the video update below to find out more.
If you have any difficulties playing the video from this web page you can watch it directly on YouTube from this web link: https://youtu.be/-84Az36_uY8
The way I do my trading is simple. It involves running a scan and if something in the report comes up that meets my criteria, I will enter into it. Then, it’s all about the money management and following my trading plan.
That trading plan consists of two core trading systems – my long-term weekly system and my medium-term daily system. My long-term weekly system buys and holds healthy shares anywhere from a few months to a few years. I will cut the shares that do not stay healthy and keep the losses small and the ones that remain healthy for the longer term I will continue to add to and build positions in to maximise on their growth and create those bigger wins in the market. My medium-term daily system has a shorter hold time and focuses on swing trading and holding CFDs from a few days to a few weeks.
So, if you want to get inside my head and understand how I think as a trader and discover more about my trading systems, the various trading tools I use, my money management strategies, trading routine, market exposure guidelines, other trading strategies I employ during different market trends and more, check out my Ultimate Smart Trading Mentor Course.
| Finally |
The markets are always in a flow of uncertainty. We don’t know what will happen next. We can only take the signals as they are presented on the day. But, most importantly it is how we manage the trades after that, that will make you successful in the market. You need to prepare, plan and act. The only way to do this is by spending that time to hone your trading skills and develop a trading plan that suits the timeframe you want to trade and be disciplined to act and follow that plan.
Cheerio for now
Justine Pollard
Author, Private Trader & Trading Mentor
‘Discover the Smarter way to trade’
www.smarttrading.com.au
justine@smarttrading.com.au
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