An expert-driven approach to trading
Follow a stream-lined approach to Contrarian trading where expertise guides you through a graduated learning program. Select pre-screened opportunities that support a complete entry and exit strategy and also track your orders to target with recommended adjustments based on current market sentiment.
If you are interested in finding out more about this successful approach to trading and how to become part of this community, please email me direct at randystradingdesk@gmail.com
Thursday, May 23, 2013
May 23, 2013-Stocks Close Lower Looking to Confirm Trend Support
After moving sharply lower at the start of trading on Thursday, stocks showed a substantial recovery attempt over the course of the trading day. The rebound came as upbeat housing data helped offset worries about the Federal Reserve.
The major averages climbed well off their worst levels of the day but still ended the session in the red. The Dow edged down 12.67 points or 0.1 percent to 15,294.50, the Nasdaq slipped 3.88 points or 0.1 percent to 3,459.42 and the S&P 500 dipped 4.84 points or 0.3 percent to 1,650.51.
The sell-off seen at the start of trading reflected lingering concerns about the Federal Reserve scaling back its asset purchase program as well as disappointing Chinese manufacturing data.
In Congressional testimony on Wednesday, Fed Chairman Ben Bernanke acknowledged that upbeat economic data could lead the central bank to taper its asset purchase program in the next few meetings.
Adding to the worries, the minutes of the latest Fed meeting said a number of participants expressed willingness to adjust the flow of purchases downward as early as the June meeting.
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Delivering Consistent Returns
Since Nov 2009 this system has delivered an average of 1.5% per week returns . The "Weekly Average" includes taking a loss on a stock 15% of the time following a prescribed stop-loss.
That means the same $10,000 invested at 1.5% per week would turn into $540,693 after 5 years. That's assuming you are only buying 50% of the recommended picks published for investors.
Now you can see why this is only available to a select number of individuals.
I challenge you to find another solution that provides as detailed a service in terms recommendations, pricing and tracking to target. And, I also challenge you to find one as accurate as this trading solution.
Remember, this is my specialty and a full-time focus as we continue to deliver a graduated learning program to an elite trading community.
Successful Trading requires:
1. Following a set of proven disciplines
2. Building confidence that removes emotion
3. Patience know "when to hold em and when to fold em"
4. Continuous Learning
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