The Lund Loop Daily Update - 04/03/23
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A fundamental mistake that many active investors and traders make is focusing on profit and speed, aka, “How can I make a ton of money really fast?”
Of course, we are always hearing stories about a new trader or investor who turned a $50,000 account into $1 million in just a few months.
The validity of these stories notwithstanding, the problem with this is that the same trading approach that turns $50,000 into $1 million in a few months also turns $1 million into $0 – or less if trading on margin - just as quickly.
The goal of any serious trader or active investor should be consistent profitability over the long term, not to hit it rich quick. Which is why the focus shouldn’t be on speed and profit, but on risk, aka, “How much could I lose?”
For a break down of today’s action, check out the ‘Daily Update’ video below.
Market Snapshot
Sectors: 7 out of 11 sectors were UP.
- Winner: Energy +4.91%
- Loser: Real Estate -0.95%
Daily Update Video & Watchlists
Charts of interest: AAPL 0.00 USO 0.00 JPM 0.00 HAL 0.00 UBER 0.00 AMAT 0.00
Note: The cash tags above are a new feature for Substack and the quotes still look a little wonky so refer to the prices in the ‘Daily Update.’
Check out this short video for a full explanation to use the Lund Loop watchlists to identify potential profit opportunities.
Click the links below for the ‘Daily Update’ video and to view the current watchlists & setups.