Smart Trading Market Update October 2017

Covered in this month’s newsletter:

  • Market Video Update
  • #FMJ – Trust, Transition, Trade

The Aussie market has finally broken out and moving strong. Just the kind of news we’ve all been waiting for after being stuck in its consolidation range for five months now. I am certainly enjoying the ride. So, watch below my latest market video update and see the charts to appreciate its explosive move.

If you have recently subscribed to my website, or for some reason you did not receive my last newsletter email, you can view the previous newsletters from this web link: http://smarttrading.com.au/news/

 

Market Video Update

With this strong upward moving market I am net long with my daily swing trading system, I have also added new trades into my weekly trading system and been in that nice position to be able to capitalise on a trade and now take windfall profits. Watch the video below for an update on the latest market action and my weekly trade update.

 

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/mnNmu6zaYLg

 

I trade the markets with a long term weekly system and a 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.

The good news is I share it all in my Ultimate Smart Trading Mentor Course. So, if you want to get inside my head to understand how I think as a trader and to know 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.

 

#FMJ – Trust, Transition, Trade

Late last year I was contacted by Jane Gallina, aka ‘Airplane Jane, a successful female trader from Canada who asked to interview me and learn more about my story and how I trade. I did not know at the time she was planning to write a Market Wizard’s style of book on female traders and later asked permission to include my interview in her book.

The book, titled “#FMJ Trust Transition Trade: How Successful Traders Said It, Did It and Lived It, has recently been released and I finally had a chance to read it while on holidays and really enjoyed all the stories.

#FMJ (aka F$%K my job) is a collection of personal stories and firsthand accounts exploring the trading biographies of eight successful female traders who started from scratch and today live financially independent lives working only a couple hours a day while still being there for their families.

The book will truly inspire other traders, especially women, and show them that they, too, can do it.

To know more about Jane and where to buy the book, visit her website at www.janegallina.com. I have checked and the book is also available in other online book stores like Booktopia and Book Depository, as well as Amazon.

 

Finally

Like a pressure cooker, waiting to happen without really knowing which direction it’s going to take, the market can surprise, confuse, frustrate or bore us in so many ways. We have no control over it. The only thing we can control is how we respond to it. Stick to your trading plan and be prepared for all scenarios.

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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