For any trader that has been following, and attempting to capitalize on market activity as of late, it is no secret that we have been more or less range bound for quite a while. The issue with the range bound market for traders like myself, and possibly you as well, is the lack of volatility.
Traders want volatility, large swings in the market make it easier to capitalize on market price action however, when you are existing in this type of environment, that is a range bound market, capitalizing on market moves can be somewhat challenging.
As a counterattack on a range bound market, I believe the easiest way to capitalize on this is to shorten our timeline.
As most of you know who follow my work, I am a swing trader-that is I hold a position from days to weeks, I am not typically a day trader however, in a range bound market it may not be a bad strategy to attempt to shorten our timeline and hold stocks for possibly one, two, or even three days.
So the question is how do we do this effectively and capitalize on it?
Most traders use a daily timeline (with their technical charting system) with regard to observing the price action of an underlying equity. I believe the simplest way to capitalize on this range bound market is to use a four or possibly six hour timeline to access price action.
Over the past two weeks I have been utilizing this strategy with a high level of success,
(for my current stock picks click here:) https://traderschoice.net/The-Equity-Lists.html) and until we begin to see volatility return again I am going to stick to this strategy to capitalize on this market.
I would suggest trying this type of strategy and please let me know how you do!
Want more information on trading? Download my free brief (it is really free) from my publications page. Click here: http://www.lulu.com/spotlight/thegameisrigged
Happy trading.
Gregory Mannarino
Thank you Greg!!
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You are most welcome.
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It's smart to constantly massage your strategy to the market environment. It is becoming more and more difficult to successfully make money day trading, the only people I know making money are holding overnights at a minimum if not for a few days.
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Strategy must change with the environment.
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I don't trade stocks anymore , i am fully focused on crypto's now
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There is nothing wrong with that.
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Your advice have saved me many times taking wrong trading decision. And nobody explains bonds like you do, even my finance professor!!
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That made my day! Thank you for saying this.
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He Greg,
Been listening to you for years on YOUTUBE. Your ease of attitude and thinking style is something I like to see in a CAPTAIN when he runs his own ship. CONFIDENCE in the knowledge of what you know.
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Wow! Thank you!
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I agree, I liquidated my stock portfolio and went all in on Cryptos a month back. Doubled that real fast! Greg, Would love to see you get into crypto trading and research as well, now that you are here!
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I already own Bitcoin, and I am also (obviously) interested in Steem. I am very diversified honestly. The main difference between a rich person and a poor one is this: The rich person simply owns things, while the poor one lives under debt.
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Wealth first starts from your mind and body, than family. community and friends. Than I agree with you, yes monetary layers of debt have imprisoned the mass of person's. I am well diversified as well. Just not in their old game anymore haha!
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Hello
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Hi!
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Been watching you on youtube forever!
keep up the great work
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I am glad you are here!
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Thanks for all the work that you do and for passing on information to us, your followers. I have been following your videos on Youtube for some time now. Now, I'm following you on Steemit. Thanks again..
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I am very glad you are here.
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Greg i just joint Steemit thanks to you .....
when i am millionair i will pay your help in full beleive me .
maybe paid holidays in Spain,
thank you for all you are the best.
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Thank you!! Glad you are here.
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Awesome -thank you Greg.
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Glad to be here.
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thank you for your info, i have been following you on youtube for quite some time, you are better in explaining the trading than many out there in the market.
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Thank you for saying this
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thanks greg!
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You are welcome.
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Thanks Greg I have got a site here now too.
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Excellent!
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I'd never heard of this until you talked about it, Great find, thanks Greg.
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Thank you!!
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I like the time range Greg, and tend to stick to 4 hours myself. Six is a long time in the market, but it all depends on the actual equity in play.
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Whatever works my friend.
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Couldn't agree more friend.
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Volatility is historical low. Great post yet again.
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Thank you
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I just want Facebook gone, hate that shit.
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Yes I agree. Facebook is spyware. People tell it all sorts of stuff that it then sells to companies who in turn bombard people with intrusive adverts
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Thanks for yet another great post.
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You are very welcome.
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Greg, what are your recommendations for option trading platforms (I'm UK based but assume that doesn't matter)
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Thanks Greg, Steemit account set uo finally
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You had me at "become your own central bank and bet aginst this debt". Thanks for all you do Greg!!
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