The Big Trade of 2021? Backing the Smart Money

Download File
By James Helliwell

Happy New Year traders!

I hope you all had a good first week back.

Things are off to a busy start, with our new Monthly Checklist Report released earlier this week. Whilst there are lots of new setups in there that I would love to share with you all here, we must prioritise first access for our paying Trading Club members. If you would like to join them for immediate access to the report, simply head to our Trading Club page to register. You can also find this week’s full video analysis there too, where I go through each of the Checklists and explain my favourite ideas for the month ahead (and there are plenty!).

Without being able to reveal the score just yet, one of these ideas is once again in gold. Our long idea in December proved to be great, which I highlighted in advance as ‘The Last Big Trade of 2020’. As you can see from the following chart, gold futures gained $200 during the weeks that followed in what was very much a one-way bet. So, with gold having started the New Year with an almost $100 sell-off, could this be another buying opportunity, or confirmation of a reversal? (Hint: Our Trading Club members already know the score!)

Unless you trade with a proven process like ours, then you are trading with a serious handicap to the better-informed ‘smart money’ who put the fundamentals before their technical analysis. At best you may manage to capture a little of the momentum, but will ultimately lack conviction to stay the course and make the big money to invariably cover other losses. Yet, at worst, you are going to get eaten alive by the professionals in trading reactively whilst being behind the curve (and paying over the odds to your broker in commissions!).

That’s the reason why we’re not all day traders capable of making a quick buck by trading charts alone (which I say as a fan of technical analysis myself!). Those of you who have followed Lex and myself here for long enough will know that we are all about process and psychology before we trade. Technicals are just one part of Lex’s 5-Step-Trading® methodology that he teaches in our course. With the discipline and conviction that comes with following your process, your profitability should improve.

If you would like to learn more about our methods, head over to the Million Dollar Traders course page where you can preview each of the topics that we cover. And in the meantime, be sure to check out our FREE videos on YouTube which I will be bringing to you each week in 2021! This week I looked at what a Biden win and Democrat ‘blue wave’ could mean for your portfolio, the sell-off in Alibaba and big tech, and how to invest in 2021. As we aren’t charging or receiving sponsorship to produce the content, it would be great if you could do your bit to support the channel by subscribing.

Watch this week’s video here: https://www.youtube.com/watch?v=Q6zEiUC9y7w

Have a great weekend, and stay positive!

James

Disclaimer: For educational purposes only. Even though we do our best to provide reliable data, you should not trade based on this information. For more information go to www.milliondollartraders.com

© Copyright 2020 Lex van Dam Financial Education. Further distribution prohibited.

Upgrade to a Trading Club membership to access all Trading Club content.
Join Trading Club today to access all Trading Club content.
$4999 Billed once

MDT Course

Learn strategies to systematically grow your investments
  • 5-Step Trading Program ® for Stocks
    Technical Strategies
    Excel models and tutorials
    Dedicated customer service
Join Now
$79 / month

Trading Club Membership

Perfect for traders and course graduates. Cancel anytime.
  • Weekly video analyses
  • Relevant Trading Alerts
    Lex's Trading Tips Series
    Monthly Checklist Report
    Monday Indicators data
Join Now
manage cookies