Trading during market selloffs can be panic inducing and downright unprofitable if you don’t have the tools to get through a volatile market that has many novice traders losing profits that took six months to acquire. On the flop side, selloffs can be very profitable if you have a systematic approach to building a stock watchlist during the selloff and trading off that list.
After Friday’s Brexit selloff, the swing traders here at BOW bunkered down and put that approach into practice by 1) using the gap down strategy to manage current positions 2) patiently wait for selloff setups and 3) monitoring relative strength stocks and sectors.
In today’s video we identify and analyze 3 stocks showing relative strength and discuss the “if-then” market approach to trading them next week.
Watch, learn and let us know what you think!
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