July 29 | How to deal with fake U-turns when planning a trade

Daily Trader Talk Newsletter

Hey Trader,

There's a multitude of terms one must learn to become a profitable trader. While some of them may seem complicated, the concepts behind them are actually pretty simple to understand. One of the leading indicators that Josh Martinez likes to use when looking for trade opportunities is a U-turn. A U-turn shows when market sentiment is making a significant shift, helping us find the right place to buy into a trade. But believe it or not, fake U-turns do happen, and they can happen to anyone regardless of trading experience.

THE NEWS DESK

This patent hints at a major development for Tesla The EV maker is about to change the market once again Markets make record gains as investor confidence soars This key metric has many investors excited about the economy The eviction moratorium is about to end in a few days Here's what that means for the economy

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WORDS TO TRADE BY

"Do not be embarrassed by your failures, learn from them and start again." ― Richard Branson Failure is a part of life. That's why there's no need to be embarrassed when things don't go the way you planned. Don't get bummed out. Instead, take the time to figure out what went wrong and how to avoid repeating your mistake. Get back up, learn from your mistakes, and keep moving forward. Such a positive habit pays big dividends in the long run. Keep Trading,

Hypothetical or Simulated Results Our educational products rely upon hypothetical or simulated performance results. These results have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

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