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My Top Secret to Profiting Downturn

inside my brain with maggie Jul 29, 2024

THE WEEK

Look at this picture.  Most people groan when they do.  I personally really like this kind of downturn.  They are easy to spot. And if you have a solid trading plan in place prior to the downturn, you prosper.

Over the years I have developed a unique way of measuring  what the Market will do in advance.  I do the work every morning and calculate the daily movement and am right about 80% of the time.  One of the clues I employed is looking at the 52-week lows each day.  I am able to spot reversals two to three days before they happen.  On Friday the 19th, I warned our Quantum Group of traders, about the downturn.  The Market went up slightly on Monday and then crashed down hard the next day.

 

 

LOOKING AHEAD

I expect it will be a rocky trading week and the market will possible move sideways.  We have several major economic data releases this week.  On Thursday at 8:30am Eastern, the Purchasing  Managers Index for July will be released.  The PMI is an indicator of the prevailing direction of economic trends in the manufacturing and service sectors.  On Friday at 8:30am Eastern, the July unemployment figures for July are released.  Both of these releases usually impact Market trends in some way – either up or down.

 

The biggest news of the week will occur on Wednesday at 2:00pm Eastern when the Feds announce their decision on interest rates.  Powell will hold a press conference beginning at 2:30pm.  There is always Market movement and reaction on this announcement.  I believe the Market will move slightly up as I believe interest rates will remain the same with no startling news.

 

HOW AM I DOING?

I had a great week with my trading account up 15% while the S&P 500 dropped -0.8% and NASDAQ dropped    -2.0.  My gains were mostly due to the downturn and timing my trades right.  I had announced in the Quantum Trading Group that I intended to  double my trading account over the next 8 weeks.  It is very hard to do unless you have daily trading plans.  Quantum meets every day the Market is open.  We discuss the plan and possible Tickers to trade and future set ups.  I love trading in a group.  It helps me spot things and find new trades to look at.

 

 

On this Thursday’s Millionaire Club webinar,

the subject will be on how to read the Market movement each day.

And because this in the heavy Earnings Announcement week, we will also go through

the routine I do each day to spot new Tickers to trade and to watch.

 

 

 

Want to:

☑️ Have confidence in making trade decisions for yourself?

☑️ Create wealth even in the most volatile markets?

☑️ Have peace of mind about your financial future?

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