Total World Stock ETF ($VT)
- Charles Amadeus
- August 28th, 2009
World markets are trending up and the buying volume shows strong conviction. Tales of an impending October crash are popular, but it is superstitious nonsense. Trade what you see, not what you think.
The uptrend that began in March of 2009 proved itself in April after rising above the upper Bollinger band (two standard deviations from the 20 simple moving average). The market hasn’t looked back since.
Focus on the message of the market to find the path of least resistance. Disciplined risk management is crucial to trading success. Plan your work, work your plan, and have an exit strategy.
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Charles Amadeus is an equity trader and IT entrepreneur from New York City. Utilizing technical analysis on a multitude of financial instruments, he writes commentary on risk management techniques for purchasing power preservation.
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