While the S&P has essentially gone nowhere over the past few months, some traders have earned a documented net gain of over 35% without assuming high risk. Did I mention this profit was earned in less than four months? To be more precise, over the past three weeks since July 7, these traders put out a total of fifteen trades. Of the 15 trades, 12 were closed out for a profit. That is great, profitable stats by any standard.
If you followed the advice of the so call "pros" out there, or the talking heads in the media and bought and held the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) for example, guess how much you would have made over these past three weeks? Nothing! That's right, this popular ETF opened on July 7th, at $197.82 and three weeks later as I'm writing the article on July 28, 2014, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) closed at $197.80. FLAT!
Now ask yourself, why would you be the "buy and hold" investor, blindly leaving your money in stocks you have no clue about, when you can earn profits like these, simply? Do you not like money... that is the only reason I can think of for not taking advantage of this market action right now. You do not need to be tied to your computer, you do not need to study stocks, read reports or anything. All you need to do is follow the traders who are proven and willing to guide you through this profitable swing trading environment. The swing trader utilizes the style of investing where you buy/sell a stock/future/option or anything, and hold it for a multiple day or week move. This is an active investor, and swing trading is the advantage over blind buy/hold investing. The beauty of it is, anyone can do it! You should not be blind with your investments, after-all it is your hard earned money so you should be in control of it!
Let's get back to the facts and the 35% net gain...
This gain was earned by myself and my partners of the Elite Round Table. We are technical traders who utilize charts as the main decision making tool in buying and selling stocks. As technical traders, we do not take a bearish or bullish approach to trading. We strive to position ourselves and our members on the right side of the trade, at the right time by reading the charts properly. Charts are proven to be one of the best tools for trading the markets, they eliminate the noise, and they dismiss the hype, they guide you with a clear and timely focus. Unlike the fundamentals, or reports of companies such as earnings which can't be trusted and almost always lag the current market price, charts are the clearest representation of what is actually happening in the market place. Buying at technical support levels and shorting at resistance levels on the charts is what the real pro traders do, and you can see by this 35% gain, we do just that, and we do it well.
These past fifteen calls I mentioned earlier included a mix of long and short positions in stocks like; Macy's, Inc. (NYSE:M), Textron Inc. (NYSE:TXT), Hershey Co (NYSE:HSY) and New Gold Inc. (NYSE:USA) (NYSEMKT:NGD), among others. As I said previously, all of these trades were taken without stress; stop loss levels were clear so there was no guessing/worrying if a position went against you, profit targets were defined so you knew exactly where to take profits, all BEFORE the trade was even taken. This is what trading based on the technicals/charts can afford you - stress free investing!