Matt Shaw’s Profit Machine
Monday morning… What do you do?
You should take stock of your overall way of life and assess whether it is genuinely worth your while in carrying on the same way, only if you are Well and Truly content!
Trading can be a substitute, especially if some quick profit can be exhumed, but please try to change your overall perception first, before you begin trading for real or even high stakes…
Trading should be boring, that is what I am trying to say! The more boring the better, so if you are looking for thrills and spills in the marketplace, then either you are just not a Trader, or be prepared (as my dad used to say) come a cropper pretty soon.
If I get nervous or excited about a possible trade, then I wait some more, or usually just leave well alone and look for another Index (there are always plenty more) and get my profit there instead.
The Culprit of many shortfall (including my own) has been trying to guess the marker, call a bottom/top, but you must let the market lead you.
Right now, the Dow is telling us ‘I’m on my way down and I am willing to take you suckers down with me, if you come and jump on board.’
Ok Mr Dow, fair do’s to you – we will wait sometime, or if you can give us some more action to the downside we will short you like there is no tomorrow.
The Shorts come in at 12000 – After the Dow retreated Friday evening and brought the most feeble of convicted plays to the forefront, we must now expect a touch of 12000.
Regarding Friday’s alert, I said that this level would be safe for 1-3 weeks or any level below it, and now I would need to see the sharpest of bounces Monday to make me believe this again.
Monday and Tuesday is critical for short term/medium term players.
We could literally see a wicked bounce from these lows and any news regarding the Fed elevating inflationary pressures (not a data fuelled week, so rumours/speculation could rule markets) would help the Dow leave 12000 for dust – to the upside!
However, any bad vibe later today could blip the Dow below 12000 and make any level above there very difficult to break before the fed announcement.(30th Jan)
It would be nigh on impossible after the meeting if the Fed does not give the market what it likes either.
A quiet session today, or indeed another moderate sell-off will not surprise me. A considerable rise would, but I would be fairly relieved!
I cannot gauge a great deal as I write this on Sunday evening, all I can say is that I will be much more aware of what is to come this week on Monday evening.
When I write Monday evening, I will send that correspondence for broadcast on Tuesday too, so you will get my thoughts which could be invaluable as we enter a tough time for the market.
On Tuesday, you will receive a Tutorial video also. I have constructed this through Sharescope and recorded it via Camtasia.
Listen to it carefully and please feel free to send me some feedback.
There will be plenty of opportunities this year, I am only getting warmed up!
What else would you have to do, to earn around 100K+this year (Tax-Free) for working around 3-4 hours each week. The answer, is not a lot.
Await my alert Tuesday Midday!
Have a great start to the week
Matt $haw
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