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Actionable news in QQQ: PowerShares QQQ Trust, Series 1,

The Secrets Behind Profitable Trading

There are two main concepts one needs to understand and maybe learn the hard way, before becoming consistently profitable:

  1. Different setups work in different markets.

The same setup that can deliver outsized profits on one trading environment might lose you money in a different market. For example, buying strong stocks in hot industries in anticipation of a breakout works great during market uptrends, but it is a system with no edge at best during range-bound markets. Buying breakouts after a few days of a general market rally in a range-bound environment is not a profitable approach. Swing trading is a lot more challenging during...


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