Netpicks was founded with a single mission in mind – trade smarter not longer. Following this mantra, the traders at Netpicks have doubled or even tripled their portfolios and have gone on to educate others on how to do the same. They were conceived in 1996 and already have made a huge name for themselves on Wall Street. They are constantly called the gold standard in trading education. Indeed, traders come to Netpicks hoping to learn about Forex, futures, Stocks, Options and ETFs. They come from all walks of life. They are both day-traders and swing traders. Netpicks wants to help every person in every market achieve financial freedom. Read a relevant article on socially responsible investment, check dailyforexreport.com.
The trading platform has pioneered many innovative trading strategies. One of the most notable is the Lock and Walk strategy. They drew inspiration from a classic maneuver that gained traction during slow summer months. Traders were concerned about lagging profits after heated holiday seasons. They were vexed as to how to remedy the situation. Finally, a smart trader at Netpicks drew up the plans for a new strategy that would take advantage of the choppy summer months.
The secret behind the success of Lock and Swim is the genius of watching the support and resistance levels of the NASDAQ index. A trader will not trade until the support or resistance levels of the NASDAQ 100 are broken. Once that happens, the trader will execute trades in ProShares UltraShort QQQ and ProShares Ultra QQQ. Following this pattern, a trader will sell if support is tested or broken by QLD and will sell if resistance is tested or broken by QID. The trader will earn a profit both ways! For traders who are familiar with technical analysis, these rules will be very familiar. You buy near support, sell near resistance, and if support breaks you stop out. Here’s an important review of the company on dailyforex.com.
Netpicks says this strategy is best utilized on positions the trader does not intend to hold for the long-term. The Lock and Walk was designed for short-term holdings to earn profits during choppy summer seasons. When the market heats up again it is best to modify your strategy. Visit their facebook.com page to read and learn from their tutorial blogs.
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