So, what’s covered in this month’s newsletter:
- Market Update
- Trading Story Podcast: Writing Trading Plans Why is it so Crucial to Develop a Trading Plan?
- Channel Trading
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/wp/news/
| Market Update |
The Aussie market is having a nice run back up to its downtrend line right now, while the US markets are continuing to move sideways in a Stage 3 top. It has still been a very mixed market and I have both long and short trades running. Recently I have opened up a couple of channel trades. Channel trading is a good sideways market strategy that you can use during certain market times.
To best illustrate the current trends of the Aussie and US markets check out the charts of the ASX200 and S&P 500 below.
Weekly Chart of ASX 200 as at 14 April 2016
Below is a weekly chart of the ASX 200 and you can clearly see a downtrend line in place and the market currently moving back up to this level. It will be interesting to watch to see if it will push to another new low soon or it will break through and finally move higher.
(Click on the image to view a larger version)
Weekly Chart of S&P 500 as at 14 April 2016
Below is a weekly chart of the US S&P500 and you can clearly see it has been trending up for a long period of time, but has now stopped making higher highs and has built up a resistance area and a support area and is trending sideways.
(Click on the image to view a larger version)
| Listen to my Interview on the Trading Story Podcast – Now Live |
Brandon Clay has interviewed over 100 successful traders and authors in his Trading Story podcast series. The podcast offers practical strategies, inspirational stories of real life struggles and triumphs in the market and simple explanations for sometimes-complex trading concepts. My interview was the first one he has done on trading plans. He could not believe it took him over 100 interviews to finally have a trader talk about this key topic in detail plus many more gems.
During the podcast, I discussed a lot about transitioning to full-time trading, being a Mum, CFD trading, my most painful trading experience, managing open market risk, writing a good trading plan and so much more.
You can catch the whole podcast which runs for approximately 47 minutes from this link: http://tradingstory.com/podcast/107-writing-trading-plans-with-justine-pollard/
It is also live on iTunes. Just search Trading Story on your iPhone or Ipad or you can go directly to it from this link and you will see my interview at number 107: https://itunes.apple.com/au/podcast/trading-story-trading-interviews/id986643659?mt=2
| Channel Trading |
In the current market as mentioned I have a few channel trades open. Channel trading is just one of the market strategies you can consider using in certain markets. If you want to know more about this strategy and discover ways you can trade a channel once you have identified one and how you can create a watch list of shares that are trading in channels, check out my Ultimate Smart Trading Mentor Course.
Not only do you learn all about my daily swing trading and weekly long-term trading systems, I provide information on developing a channel trading strategy and how this can be a complimentary strategy to other trading systems. These are just three of the sessions I cover in this course. I have another 10 sessions that delve comprehensively into more trading techniques like my market exposure guidelines and strong money management rules, to name a few.
My Mastermind clients are already reaping the benefits with my monthly market video updates which provide detailed half an hour updates on the market conditions and my actual trades and how I employ my techniques in the market. I also held a 90 minute webinar last week with my clients and we have had lots of discussion on the exclusive discussion forum and participation in the monthly exercises I post to help my clients hone their trading skills. The Mastermind program is an extra added benefit you can access when you purchase the Ultimate Smart Trading Mentor Course.
So you not only learn all about my trading systems and strategies through the course, you also receive a year’s membership to my Mastermind program. This is my ongoing support program for my clients and I keep them updated with my market actions through regular monthly videos, a discussion forum and webinar events throughout the year.
Furthermore, if you are interested in a beginners course to show you how to read charts, identify trends and determine the health of a share through its chart, your $97 will go a long way when you purchase my Smart Charting 101 Online Course. This is a 10 session video course and includes a comprehensive handbook.
Head on now and check out my website www.smarttrading.com.au to know how I can help you become a smarter trader.
| Finally |
A bearish market, bullish market or sideways market – do you have a trading strategy in place to handle any type of market trend? There is no holy grail or crystal ball that will tell you what’s going to happen in the markets and the fact is anything is possible.
It is all about getting educated and being prepared for all market trends. It does take determination to learn and master the art of trading and if you have that passion to want to trade like I did, the outcome will be worth the ride.
If you haven’t had the chance to download my free report on the "10 Key Mistakes New Traders Make", you can sign up now from my website and get instant access to it.
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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