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Subscribe Apple Podcasts | Email | RSSOriginal air date: January 03, 2017
BY: Todd Horwitz, Host & Senior Contributing Analyst
PUBLISHED: January 03, 2017
Nasdaq Soars, While Bonds Get Clobbered
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Visit https://www.patreon.com/bubbatradingToday on The Bubba Show, Bubba talks about the crazy market action on Tuesday and gives his interpretation as to what happened. The Nasdaq soared, while the other indices lagged behind. Gold continued making new recent highs, squeezing the shorts, and Bonds got clobbered. Oil remains in a fear pattern and should break down once the fear subsides.
Trading plans are next up, as Bubba shares a recent webinar discussing how to put a trading plan together. Trading is a business and needs to be treated as one. Bubba breaks down may of the steps when building a trading plan. The first step in the plan is to record your trades and daily results.
When building a trading plan, it’s important to understand the risk and reward of the trade you are making. Bubba tells listeners that they must treat trading and investing as a business. Markets are not a casino, if you want to gamble go to Las Vegas.
Learning how to take profits is as important as any part of trading. Bubba uses an example of how traders are often too greedy when they should be selling and too fearful when they should be buying. Having a plan helps alleviate the problems that come in play when it comes to emotion.