As I was recording the alert for our Equity Traders I found that all of the major markets hit my price targets from last week’s market report, with the exception of QQQ’s which fell short by only a few pennies. I don’t want to jump the gun on my report for tomorrow but things are looking especially bearish for the general markets as a whole. I’ve said it before and I’ll say it again, the most important rule you can follow is The 1% Rule for Managing Risk. It would be a good idea to revisit the video I have on our website explaining this rule so you’re not exposing yourself to a lot of risk. This is the time when we have to pay most attention to the downside.
Below is a link that will bring you to our next trade candidate.
I’ve also attached a PDF file that will give you all the details behind this trade candidate. Remember, you can make a lot of money on the downside if you just keep calm and trade with your head, not your stomach.
Have a great day tomorrow and a great weekend to follow.
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