Toni Turner joins Vince to explore trading psychology. Toni reveals the changes needed to be successful in this market. Euro has been driving the market, but now uncoupled. How can you use SPY? What are the macroeconomic factors impacting the market? Has the 200 day moving average been useful in the past? How does the index react to the moving average? Are there new factors to consider here? How do you manage the risks on these trades? What are the basics that are controlling the market here. What fundamentals should be a factor in your trades? What part does volume play here? Toni details here schedule of events and an overview of her recent books.
What factors does Toni use to get a feel for the market? All the indicators join to produce the market image. One or two divergences is OK, but too many produces dissonance. Toni likes candle patterns with moving averages. Does Toni use a core set of stocks to use? Water ETFs may be a good assets for long term growth. How do you set stops to minimize risks. Good traders have plans for all possible price moves. Toni projects her vision for the next couple of weeks. Are bonds appropriate here?
