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Kevin O’leary and Chris Vermeulen on TraderTV Talking Economy & Markets

What a week, thank goodness its Friday cause we need a break for all the market volatility and weakening economic data.

TraderTV had both Kevin O’Leary and me to talk economy and the markets. Kevin had some really extreme and borderline ethical business ideas, but I do have to admit, if you want to survive as a small business in this environment he has a good point and it could work. I’ll talk about that in a minute, but right now lets takes focus on crude oil, energy stocks, and the Canadian Dollar in the clip below.

TRADERTV ASKS CHRIS HOW TO TRADE OIL, ENERGY STOCKS, AND LOONEY

TRADERTV ASKS KEVIN ABOUT OIL, THE MARKETS, WHAT PEOPLE SHOULD DO

Kevin talks about not paying your rent, suppliers, etc… to preserve cash your business as long as you possibly can. The hope is that this virus and the economic situation stabilize sooner than later but we just don’t see any light at the end of the tunnel yet.

As a technical analyst and trader since 1997, I have been through a few bull/bear market cycles. I believe I have a good pulse on the market and timing key turning points for short-term swing traders.

I hope you found this informative, and if you would like to get a pre-market video every day before the opening bell, along with my trade alerts visit my Active ETF Trading Newsletter. If you are a long-term investor with any type of retirement account and are looking for signals when to own equities, bonds, or cash, be sure to become a member of my Long-Term Investing Signals.

Ride my coattails as I navigate these financial markets and build wealth while others lose nearly everything they own during the next financial crisis.

Chris Vermeulen
Chief Market Strategies
Founder of Technical Traders Ltd.

Market Volatility, Safe Havens, Gold, Crude Oil

Have we seen this pattern before?

Be prepared for some really ugly earnings data in Q2 and Q3 of this year, then we’ll figure out if our expectations were accurate or not and what we should be doing to plan going forward.

The type of market condition I think we have entered could be here for a long time, and it’s going to be a traders’ market, which means you must have a trading strategy, plan your trades, and trade your plan. It’s amazing how simple a few trading rules that are written down on paper can save you thousands of dollars a week or month from locking in gains or cutting losses.

I have this mini trading strategy mastery course if you want to take control of your trades and override your emotional issues. And also if you want to start making money from home which is the only option going forward the next 3-6 months from the looks of it my trading as a business program is something to think about doing.

– If you hold winners until they turn into losers

– Taking too large of a position and get stuck with a drawdown so large that if you close the position you will lose 10-50% of your trading account

– have masted the art of buying high and selling low repeatedly?

All these things happen to most traders, and they can easily be overcome with a logical game plan I cover in the crash courses, pun intended 🙂

In short, if you have lost money with your trading account this year giving back years of gains, I think it’s worth joining my trading newsletter so you can stay on top of the markets and if you really want to excel take my mini-courses. I take the loud, emotional, and complex markets and deliver simple common sense commentary and a couple of winning trades each month for you to follow.

My trading is nothing extreme or crazy exciting because I’m not an adrenaline trading junky. I only want to grow my entire portfolio 2-4% a month with a couple of conservative ETF trades. Earning 22% – 48% return on my capital every year without the stress of being caught up in this type of market, and knowing I have a proven bear market trading strategy incase this market continues to fall is a comforting thought.

As a technical analysis and trader since 1997, I have been through a few bull/bear market cycles. I believe I have a good pulse on the market and timing key turning points for short-term swing traders.

Visit my ETF Wealth Building Newsletter and if you like what I offer, and ride my coattails as I navigate these financial markets and build wealth while others lose nearly everything they own during the next financial crisis.

Chris Vermeulen
www.TheTechnicalTraders.com