Some investors in Wall Street considered the markets unstoppable, but that perception changed earlier this month when there was a technology-sector selloff. There is some nervousness that has not been noticed for quite some time. Although it has not been usual to experience choppy markets during the low-volume summer months, the current situation at Wall Street encourages it.

The strategy

However, there is a light at the end of the tunnel. An investor can take advantage of the situation by using strategies designed for this kind of markets. The Lock and Walk is a perfect example. Even though there is no much difference from the use of technical analysis, it was designed to profit from choppy markets. The design is made to respect resistance and support levels in the Nasdaq 100 NDX, -1.83% and then to trade the ProShares UltraShort QQQ QID, +3.71% and the ProShares Ultra QQQ QLD, -3.63% when support and resistance levels are tested or broken.

An investor can do it by himself by targeting resistance to sell if support is tested by QLD and selling QLD if support breaks. The investor can also sell the QID if the resistance breaks or target support to sell when the resistance is tested by QID. However, an important rule to remember is when the strategy gains sixty-seven basis points. It is designed to shut down until the next trading session. The investor should also keep in mind that even though the strategy has worked in the past, it is not a guarantee it will work at the present condition.  Additional reading on yelp.com

About Netpicks

Netpicks Trading Strategies is an online and day trading organization that offers trading education to individuals. Since being founded in 1996, the company has helped people achieve success in EFTs, Future, Stocks, Forex, systems, signals and Options in a day and swing trading.   Useful link here.

Netpicks’ staff is trained and has experience in the different circumstances of trading. They help their clients to kick-start their trading journey. Netpicks allows the customers choose their specific goal and they help them through to the end. Its system is designed to make learning simple and fast. Netpicks for a long time has provided its clients’ gold standard training.  For update on NetPicks timeline activities, check crunchbase.com.

Learn more and be a part, head over to netpicksetinvestor.com

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