BY: Todd Horwitz, Host & Senior Contributing Analyst
PUBLISHED: January 05, 2017
Bubba Talks Warning Signs and Potential Problems in This Market
Support Bubba’s High School Program Designed to Help Young People Achieve Financial Literacy and Understand MarketsFriday on The Bubba Show, Bubba talks about the market action and Dow 25K. The print or trade at 25,000 was a given, but Bubba looks to the VIX and Gold, as well as some other warning signs that have him concerned about potential problems that may be underlying the markets, especially with gold.
Bubba continues teaching a trading plan, trying to help investors and traders alike. When planning, you must be sure to plan for each style, whether investing, day trading, or swing trading. Don’t fall into the classic problem that many investors and traders fall into, which is relying on one plan fits all.
Understand risk and do a post mortem on your trades to find out if you are trading correctly or just lucky. Having a trading plan and being prepared for all market conditions is one of the keys to success and without it, you end up broke. The markets cannot be outsmarted, which is why a plan is the most important.
Universal price is the key to understanding markets and the footprints they leave. Setting realistic goals is another key component of being a winning trader. Learn to understand who you are and then define the best style for you. Never try to outsmart the markets.