Our WealthPress offices are closed Thursday in observance of Veterans Day. Best wishes to all the great men and women who’ve served!
Instead of our regular stock market recap, I’m bringing you an interview I did with Adam Torres of the “Mission Matters Money” podcast.
We talk about my mission to teach as many everyday investors as possible how to become better traders in this complicated market. Because that’s the point of all this… to give you the skills you need to take trading to the next level, and understand what it takes to win in the current market environment.
I also dive into the fundamentals of swing trading and how it works to take advantage of short-term trends… understanding market volatility and momentum… how exchange-traded funds bridge the gap between commodities and stocks… and how ETFs have helped options grow in popularity.
If you’ve been watching my regular stock market recaps, you’ll notice a lot of this sounds familiar.
That’s why I wanted to share this interview. There’s never a bad time to go back to the basics and strengthen the foundation of your investing strategy.
And this interview serves as a reminder of how all the different market fundamentals and internals we cover on a daily basis fit together to form the foundation of my trading strategy.
I also cover some of the strategies I personally avoid, such as day trading.
The problem with day trading is there’s not enough time for your profits to develop, because you’re only giving yourself 6 1/2 hours for that trade. Your accuracy has to be on point, so it’s not the best way to use your time.
I’ve found that positions lasting anywhere from a few days to a few weeks tend to work well with options, and do well within that type of timeframe. And that’s what I try to focus on with my trading strategy.
You can watch the interview below. And I’ll be back on Friday with my regular stock market recap.
P.S. Chuck Hughes has had up to a 96.3% win rate in actual trading over the past seven years.
Thanks to a little-known market loophole, traders have had the opportunity to spot weekly gains on Apple, Shopify, Amazon, AMD, Zoom, Zillow, Etsy… And many more!
Chuck claimed gains of $287, $372, even $449 in just a week using his unique trading formula.
This market is filled with so many catalysts, and researching it is getting harder… especially as we approach the end of 2021. There’s never been a better time to have a structured approach to trading stocks.
Check back each morning for Roger’s Radar and the most important news and numbers in the WealthPress stock market recap.