The year 2021 is almost over… And honestly, I have no idea where it went.
So much has happened around the world, including things like COVID-19, a new president, new Federal Reserve policies, social issues… and that’s not even touching inflation or the stock market.
So I thought I’d take this time to give you six trading tips for the holidays…
They include a variety of important lessons I’ve learned over the years… lessons that should help you become a better trader and help you understand the markets in a way where you can begin to form your own opinions and trading decisions.
6 Trading Tips for This Holiday Season
The first trading tip for the holiday season is to not fade strong stocks.
What I mean by that is you never want to go against the main trend.
Now, if you don’t know which direction a stock is moving, sit five feet away from the chart and try to figure out the overall direction of the stock.
If you can’t figure that out, then chances are the stock is more likely moving sideways and choppy. In that case, don’t trade that stock.
Traders should always stick to the main trend.
This one rule will make all the difference in your portfolio.
And the best part is that 52-week highs and lows, and six-month highs and lows all make great long-term trend indicators — and they’re available online for free!
But that’s just the first trading tip for the holidays on my list…
Check out the short video below to get the next five steps to follow this holiday season, and learn all of the things traders and investors should do or simply avoid.
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