Know Your Time Frame<\/span><\/b><\/p>\nIf you\u2019re a short-term trader, you have to know your levels, what sectors are doing, and what\u2019s on the calendar each day.<\/p>\n
But if you\u2019re a long-term investor in a 401(k) or 529 plan, just keep those funds pumping in every month.<\/p>\n
So for each type of account or portfolio you have — short-term, long-term, aggressive, conservative, etc. — let your time frame guide your pace of activity.<\/p>\n
Be active and tactical with your short-term money, and slow and steady for long-term wealth building.<\/p>\n
In my short-term trading account, I can be in and out of positions in minutes, but I never touch my retirement and college savings accounts.<\/p>\n
This Week's Calendar<\/b><\/p>\n
All eyes are on the market as recession fears spike.<\/p>\n
It's also another busy week of earnings, check it out:<\/p>\n
![\"\"](\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/08\/8-5-T3L-Calendar-250x300.jpg\")
<\/p>\n
Positions Disclosure as of 2024-08-05 at 8.35.24 AM<\/em><\/p>\n![\"\"](\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-05-at-8.35.24\u202fAM-300x120.png\")
<\/p>\n","protected":false},"excerpt":{"rendered":"
Brought to You By Power Plays Spiking recession fears have the market melting down. SPX\u00a0SPY\u00a0QQQ\u00a0SMH\u00a0all lost the 8\/21day weeks ago to get us tactical. Means low risk and only some options as risk is premium paid. Paper cuts happen with left over options. Gushers happen when you don\u2019t use stops and have too much risk if you trade for a living when momentum leaves. On days like today I simplify it. Only trade a few ETFs and very quality liquid names. Now let’s dig into some individual names: AAPL\u00a0News Mr. Buffet sold 50% of his stake has some concerned. It’s still one of his largest positions, I think investors stay the course. Traders went tactical with me weeks ago when it broke the 8day and prior to earnings. Now, I think it’s buyable into the $198-$202 area hopefully we see it. META\u00a0is worth watching as it’s a quality key name that acted well on earnings but the market was too heavy. $442ish area is major support. I’m glad we took our options off in the nick of time Thursday for 100%+. NVDA\u00a0led this market higher and also gave clues to take risk down. Last chance to sell was last Thursday around the $118 pivot area or when it broke the $116 zone. This morning the news that its Blackwell chip is delayed 3 months has it lower. The 200day is near $87.50, a good spot to watch as a trader and investor to buy back. TSLA\u00a0had a big gap and go to the downside like most things. I’ve been out of the way. The $188-$191 area was the old break out level that is worth a look this morning. Maybe it holds it at first kiss. Featured: Join Scott Redler’s Plays for $99 Get Scott’s #1 idea each week. That’s 52 weeks for just $99. (not a typo) Be on the list for the next idea: See why now’s the right time to join. Your Tip for This Week:\u00a0Know Your Time Frame If you\u2019re a short-term trader, you have to know your levels, what sectors are doing, and what\u2019s on the calendar each day. But if you\u2019re a long-term investor in a 401(k) or 529 plan, just keep those funds pumping in every month. So for each type of account or portfolio you have — short-term, long-term, aggressive, conservative, etc. — let your time frame guide your pace of activity. Be active and tactical with your short-term money, and slow and steady for long-term wealth building. In my short-term trading account, I can be in and out of positions in minutes, but I never touch my retirement and college savings accounts. This Week’s Calendar All eyes are on the market as recession fears spike. It’s also another busy week of earnings, check it out: Positions Disclosure as of 2024-08-05 at 8.35.24 AM<\/p>\n","protected":false},"author":4,"featured_media":75075,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[736],"tags":[],"class_list":["post-75455","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-scott-redler-dog-bytes"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/75455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=75455"}],"version-history":[{"count":1,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/75455\/revisions"}],"predecessor-version":[{"id":75458,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/75455\/revisions\/75458"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/75075"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=75455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=75455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=75455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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