The Money Blog

 

It's where I share all my best stuff, educational articles, market insights, ideas and everything else that matters for happy trading.

 
 

Marvelous Monday

marvelous monday traders' insight Mar 02, 2021
traders insight

Wow, what a marvelous Monday!

Dow Industrial rallied almost 2%, S&P500 rallied almost 2.5% and Nasdaq was up 3%!  This rally came on the heels of a turbulent week when Nasdaq, tech stocks and growth stocks were on  a downward trend.

So Friday hugely down when S&P dropped almost 50points in the last minutes of closing and Monday was hugely up when S&P rallied almost 2.5% in day!!!

What do you make out of it?

There were essentially two camps. 

One camp is that of Bears who are are short tech stocks, while another one was of bulls who were long growth stocks but were seeing painful erosion of capital during the last few days and were praying for markets to recover.

Generally speaking, Mondays see weak market action and 1st day of the month observes strong market action.

And here we are? We saw market moves for both the camps.

How were you positioned on Friday? Bearish or Bullish?

What are the key lessons that you've learned from these two days of price move ?How are you going to adjust your trading based on these lessons? or no changes in your approach.

Let me know. There is no right or wrong answer.

Rooting for your success,

Manoj Kumar

Join my upcoming 3 day LIVE Option training...it's 100% FREE

The #1 Options Masterclass

Register now to get the FREE training on how to achieve your financial goals via Stocks & Options trading, accelerating your journey to financial independence - and live the life you have been dreaming of.

Thousands have walked through my training and it works.

Sign Me Up (FREE) ➔
WEEKLY OPTIONS WISDOM NEWSLETTER

 

Learn The Secrets Of The World's Most Successful Options Traders.

Get the weekly email to discover financial news that matters, to know bull & bear sentiments, to get simple yet powerful wealth hacks and join a fun community to help you achieve your greatest financial life, no matter where you are starting out. Stay informed and entertained, for free.

We send you weekly goodies to help you invest!