The Aussie market is pushing through and rising very nicely, heading up to its next key resistance which it hasn’t been beyond since 2007. The US markets on the other hand have stalled and are building pressure at a very interesting point. It will be nice to see it break out beyond this level over the coming week.
The markets have certainly been providing some nice opportunities and I am taking advantage of this bullish run with nice breakout entries and pyramiding into already profitable trades. Let me give you an update on a few of my trades and how they’re progressing.
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| Market Video Update |
Watch and see how I view the latest market trends and an update on a few of my trades.
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/96nuxi9Zphk
Trading is about maximising on your profitable trades and keeping your losses to a minimum. Pyramiding is one way to maximise on your profitable trades and as you can see from my video update I have been continuing to do this. Pyramiding is just one of the many strategies I teach in the Ultimate Smart Trading Mentor Course.
To successfully trade the markets, you need good money management rules and manage your risk and market exposure. Anything can happen in the market.
I’ve been there. I’ve experienced trading through the World Trade Center crash in 2001. I’ve been through the GFC in 2008. I’ve seen the markets drop considerably in a short time. But I’ve got my risk exposure set up to handle all sorts of situations in the market. And that’s what you need to do as a trader.
Money management is a core part of any trading plan and ensuring you are well positioned to take advantage of the good market times as well as prepared for when those times change.
So if you are ready to take your trading to the next level and you want to know more about my trading systems and get inside my head so you can develop a system that will suit your lifestyle, then the Ultimate Smart Trading Mentor Course is for you.
The best part is you will continue to get ongoing support from me as the course includes annual membership to the Smart Traders Mastermind program. This is my ongoing support program for Mentor clients and includes access to a few live webinars over the year, regular video updates, a discussion forum and market scan exercises. So now is your opportunity to be with like-minded people.
| Finally |
It’s always great to trade while the markets are bullish and its a great time to take advantage and maximise on your profitable trades. But if there’s a change you need to know how to handle that as well and minimise your losses. Continue to educate yourself and discover the smart way to trade.
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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