The most powerful trading tool you own just got a whole lot better...

Hey Trader, Knowledge is power. In fact, I'll go so far as to say that knowledge is the most powerful tool a trader has at their disposal. The more you know about your market and the forces that make the markets move, the more money you'll make as a trader. That's why it's essential that traders are always learning... The markets are constantly moving and traders constantly need to improve their knowledge and skills just to remain competitive. The moment you stop learning about your market is the moment you lose your edge. In today's issue of Big Energy Profits we'll show you what you can do to make sure you're constantly improving your knowledge. Enjoy! To Big Profits and Beyond, Anthony Speciale Jr Editor, Big Energy Profits

Hawkeye Traders team1@hawkeyetraders.com hawkeyetraders.com

Crude News

Oil prices moved down in range-bound trading as one of the most powerful hurricanes to hit the U.S. energy industry in more than a century-and-half appeared to have caused damage that was not too worrying to oil refineries. Hurricane Laura scored a near-direct hit on refineries located between East Texas and West Louisiana as it made landfall as a Category 4 hurricane before dawn on Thursday. It eventually lost strength and turned into a tropical storm. The Bureau of Safety and Environmental Enforcement said 46.2% of the 643 manned platforms in the U.S. Gulf of Mexico, including 307 operating rigs, had been shuttered and workers on them evacuated. Yet, the storm itself itself might make no more than a blip on U.S. energy operations, said analysts who are monitoring the situation. It is incredible how quickly the U.S. energy industry will try to bounce back. Crude carrying vessels seemed to be heading to their intended spots after initially seeking shelter at the far west end of the Gulf of Mexico off Corpus Christi and Brownsville, Texas.

How to Create Your Best Trading Plan

Step 6: Improve Your Market Knowledge Once you've established the amount of capital you want to start out with, it's time to improve your market knowledge. Because with every trading plan, you have to evaluate your level of expertise in a certain market and trade accordingly. You'll consider factors that include the best market hours, volatility, and tolerance. Finally, you must make sure you're happy with these determining factors and continue to gain more information. So how do you assess and improve your market knowledge? Pick a Market The stock market is a buffet of exchanges, securities and assets you can pick. But you can't have it all so you just have to make room for what you want on your plate. Trying to learn about forex, crypto, stocks, and options all at once can get overwhelming and is just not a great way to outline a specific trading goal tailored to you. Instead, focus and research a particular market that interests you. Maybe you may want to learn how options because they: Require a smaller financial commitment than stock trading Limit the risks because you're not obligated follow through on a trade as a buyer Give you more flexibility Or you want to look into dividend investing because you like the idea of getting paid for just owning shares in a company. Whatever your taste is, it's important you focus on one market for the time being. Learn about the ins and outs of that market before you move on to another area. Learn the Best Time To Make Your Trade It's extremely difficult under normal circumstances to predict or time the stock market. But the timing of your trades still plays a critical role in getting the best outcome. Every asset always hit a bubble. So learn when to get in early and get out at the right time. For example, since day trading is solely based on quick turnarounds. The timing of trades come down to hours, minutes, and even seconds. Keeping track of this is important. And one accepted standard rule is that the first and last hour of a trading day is the busiest. Experienced day traders looking for rallies tend to position themselves for those. But the most stable period is during the middle of the day. If you're going long with your trades and using hold strategies, then it doesn't matter what time you make that trade. But the sooner, the better. Because the most common long-term cliche you'll ever hear is "time in the market beats timing the market." Whatever type of trading you get into, you should model the best strategies that factor in time. Consider the Volatility Another aspect of improving market knowledge is understanding volatility and your tolerance for it. Depending on the security or market index, you'll have to deal with the rise and fall of an asset over a period of time. The only thing to worry about is how big of the rise can you ride and how much of a fall you can stomach. Think of volatility as the different types of rides in an amusement park. Some assets such as bonds are really basic and are not as intense regarding their change in price over time so they involve less risks. Much like the merry-go-rounds, you know what direction you're going in. But some other securities are a different beast and change drastically like mega roller coasters that rise, twist, turn, and drop in all directions. For example, Bitcoin managed to nearly hit $14,000 on June 26, 2019 before falling to all the way back to about $9,600 on July 2, 2019. If you don't like the idea of such drastic price swings then the volatility of bitcoin isn't for you. Keep Learning About the Market Keep in mind the factors that go into understanding your market are not exhaustive. That's why your trading goals should align with the specific market. But the basic factors such as: Picking a market Timing your trades Understanding and accepting volatility. Should be part of your market education. As you gain more information, you can update your trading goals as needed. Remember, Knowledge is power. Use it.

Say GoodBye to Unpredictable Market Moves

Most traders are flying blind. No matter how much they reference their charts, analysis, and indicators, they can't seem to accurately predict where the market is heading. That's because all the tools most traders use to read the market are lagging indicators. That means they can only show you which moves the market has already made. The problem with that is you can't profit from a trade that already happened… You make money in the markets by being the trader who can predict the market's moves. And There's Only ONE Leading Indicator That Can Accurately Predict Market Moves. Click here to learn about it now!

Monthly Analysis

Upside, the $37.00 - $40.00 price area can contain selling into September. Above which the mid $48.00 - $51.00 long-term resistance price area remains a several week objective, where the broader market can top out through the balance of this year. Downside, a daily settlement below the $37.00 price area indicates a high has already been placed. The $30.00 price area is then expected within several weeks, where the market can most likely bottom out through the balance of the year. NOTE: A weekly settlement above the $51.00 price area indicates the $68.00 price area within several months. The mid $93.00 price area could then be in reach by this time next year.

Yearly Cycle Analysis

The 10 year cycle makes a major high on August 3rd and then sells off into August 24th before it begins a major move upward. The 20 year cycle makes a major pivot on August 1st, followed by a major rally. The 30 year cycle rallies sharply into August 23rd then pulls back into August 29th before continuing an upward movement. NOTE: The 10 and 30 year cycles both see turns on August 23rd & 24th. Key turning point dates: August 4th August 17th thru 18th August 27th

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