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Broad Market Outlook
After clocking more then 50,000 miles on 2 wheels over the last decade plus of riding a motorcycle, I shifted gears from riding on the streets and went to a private race track to test my skills for the first time this weekend (an absolute blast btw).
Now when you get there, for anyone who rides know, you just want to get out there a punch it as most think they can easily race down the track the same way they do on public roads.
The riding coaches know better and force you to learn the basics. Body position, hitting the apex of the corner, when to start braking, etc. Just like we did when you first started with Trading Experts.
Everyone wants to start trading, yet we sat you down to learn order types.
Before I went out for my first lap on the track, my coach uttered a few words that really struck a cord "go slow to go fast", which at first glance, doesn't seem to make sense.
But when you think deeper it resonates in more areas then flying down a race track at 150 mph.
On the track there are guard rails just like on the highway, if you hit those going fast enough, you good as dead, obviously don't want to hit those.
Just like in trading, there are margin calls, earning reports, option expiration dates, and plenty of broad reminders of when you can get seriously hurt. Things we avoid at all costs.
Then there is the rumble strip, the start of the shoulder on the track/highway that makes the rumbling noise when your tire drifts off into the slow lane. A reminder to move away. Just like our stop orders do to our positions when they move too far away from our comfort zone.
Then there are the cones and markers to give you information on when to start braking and turning before the corner. In the market, there are thousands of cones and markers, yet you have to know what is information and what is noise. We try to drown out the noise by focusing on the charts.
Most importantly there is your racing coach at the front that you are following to learn how to ride the course most efficiently. Just as Shake and myself try our best to show you the easiest path that has worked for us after clocking 1,000+ laps on the stock market race course.
Now there are some who want to go fast first and end up being the slowest or crashing after the 2nd corner. I have known plenty of traders and even ex Trading Experts members who were in such a rush to go fast, years later they are still worse off then when they started.
The fast trader wants to brag about his 500 share trade, the slow trader learns from his 5 shares.
Each lap around the stock market course, we pick up a little speed, learning from our prior mistakes and eventually in time we are going much faster by starting out slow.
Keep going slow and learn from each lap, eventually your account will be racing much faster down the road by starting slow today and perfecting the basics.
From Ben G
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Macro Rotation Outlook
SPY
Dow Jones
Nasdaq
MDY Mid Caps
IWM Small Caps
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Do You Have The Patience to Make It On the Leader Board?
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Sector Rotation
Sensitive - sectors that have moderate correlations to overall market conditions.
VGT Tech
VDE Energy
VIS Industrial
VOX Telecom
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"Don’t tell me what you think, just tell me what’s in your portfolio"
PS If you recently opened an account at TD reply to this email with :
Your full name and email you opened the account with
If you add $3,000 to the account in 90 days, we will have TD send you $50!
Your full name and email you opened the account with
If you add $3,000 to the account in 90 days, we will have TD send you $50!
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Cyclical - sectors that are more sensitive overall market conditions.
VAW Materials
VCR Consumer Discretionary
VFH Financials
VNQ REIT
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Defensive- sectors that tend to outperforming during sub par market conditions.
VDC Consumer Staples
VHT Healthcare
IBB Bio Tech
VPU Utilities
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Friends and Family Challenge
Have a friend that would like to give trading a shot?
Send them this link so they can start for the next 90 days at no cost!
Make sure to let me know their name so I can add a free month to your membership!
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Big Picture Set Up
APH
APH put in a higher pivot low vs $65 for now as it continues to set up for a blue sky breakout through $69.
DD
Looked like a low risk support buy back, now looking like a great short, stop vs $76.
MMC
Higher pivot low in MMC, still giving it vs the $132 area for now.
MXIX
MXIM $98 stop continues to hold for another week, will look to add above $104 in time.
NFLX
NFLX finally started to break out of the base and almost filled the gap, if your target is the ATH will need to give it vs that $475 area.
SNAP
We spent too much time waiting for a breakout, do not be in such a rush to give it away, anything in between $72 and $59 are normal trading ranges, really not much to do inside this range for now other then sit and hold.
ZBRA
ZBRA getting tighter with a new higher low vs $481.
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Traveling Experts
We have a few exciting experiences planned for the year ahead. We hope you find a trip that sparks your interest to come enjoy and network with other like minded members!
Beach Week June 16th-19th (12 Spots Open) Reply Shore to learn more!
Vermont Snowboarding Jan 20th-23rd 2022 (15 Spots Open) Reply VT
Snowmobiling Trip Feb 11th-13th 2022 (12 Spots Open) Reply Sleds
Miami Yacht Day March 11th-13th 2022 (12 Spots Open) Reply Yacht
103 foot Azimut yacht we are commandeering
Can't wait to see you on the next trip!
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