Rebel Traders 070 : Checking the Pulse
The first thing we do before we place a trade is check the pulse of the market. In this week’s show, we show discuss how we do it...
WHAT IS YOUR TRUE TRADING POTENTIAL?
Take our trading potential quiz and get a custom report based on your unique strengths, and discover how to successfully and consistently trade the markets — in as little as an hour.
One of the first things we do every morning, before we start trading, is get the pulse of the markets.
It’s a critical thing to understand where the herd may be moving to if you want to pick out a few nice juicy steaks for the day.
We like to look at a few “Markers” such as the broad market futures (Dow Jones, S&P500, Nasdaq and Russel 2000) as well as a few other markets to see how the sentiment and the flow of the markets is looking in real-time before the main trading day starts.
This gives us a kickstart and may provide clues as to how the first hour of trading (The power hour) may unfold and that information could well effect if we place our trades or wait for a wee bit of confirmation first to fine tune our entry points.
So, in this weeks show, we dive in to how exactly we look at the markets to get it’s pulse and check the vital signs and how you can too.
3 Key Takeaways From This Show
- Getting a pulse of the markets helps set yourself up for the trading day
- Skim the headlines, don’t trade per-se on the news, use it to raise awareness
- Look back at history that tends to repeat itself in regards to the trends and patterns
Connect With The Rebel Traders
- Website: https://tradecanyon.com
- Youtube: http://tradecanyon.com/youtube
- Youtube: http://tradecanyon.com/facebook
- Twitter: https://tradecanyon.com/twitter
- LinkedIn: https://tradecanyon.com/linkedin
SUBSCRIBE TO THE PODCAST
