Netpicks: Professionals to turn to for Proactive Trading During Irregular Times

A recent article was made by about using a simple profiting strategy when it comes to a choppy summer trading. Due to the selloff of the technology sector during the early part of June 2017, the likelihood that the summer months will be a choppy market was more likely than ever. And thus, a proactive strategy is needed for choppy market situations. The “Lock and Walk” strategy is known to be profitable during these times. With this strategy, the resistance and support levels of the Nasdaq 100 NDX -0.05% are respected. Then, ProShares Ultra QQQ QLD -0.09% and ProShares UltraShort +0.00% are traded when the resistance and support levels are broken or tested. Using this strategy is used only during choppy market times and is not meant for a long time solution.

To apply these strategy rules yourself, do the following: Sell the target resistance when the QLD tests the support, sell QLD when support breaks, sell target support when QLD tests the resistance, and sell QID when resistance breaks. Also, another vital Lock and Walk strategy rule is to shut down and wait when there is a gain of 67 basic points and start the project again in the next trading session. Keep in mind, these strategy rules are only applicable for choppy market situations, and not meant to be long-term.    Additional tips available here.

About Netpicks

Based in Irving, Texas, Netpicks is an online and day trading that was found in 1996 by Mark Soberman. They provide trading education. They focus on assisting regular traders for success in the markets, such as Forex, Stocks, Futures, and Options & ETFs.   Check this useful link for added learning.

The staff at Netpicks along with Mark Soberman are professional experts in this field. They give a wealth of trading experience. They have 17 years of trading education experience and over 25 years of personal experience.  Get connected now, hop over to

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