How to survive the markets before the weekend

The week flew by… Honestly, with the geopolitical tensions in Iran, we expected worse. In the end, the markets are holding up pretty well. Today, we’re doing a quick overview of our charts. I’ll give you my tips to approach this weekend with peace of mind.

The end-of-week tension

Fridays are always unique. Keeping positions open over the weekend is risky. Basically, an unforeseen event can completely ruin your strategy.

Especially if you use too much leverage. That is, borrowing to invest more. So, I say it over and over again. A day where you don’t lose money is a great day. I see too many beginners panicking over a simple 4% drop. In fact, a little perspective is necessary. The stock market is not a red or black casino.

My levels to watch

Here are the four big points of the day:

1. The Nasdaq and the Dow Jones. We are in the lower pricing zone. My famous monthly supports have worked well so far. Often, the direction is decided in the last thirty minutes.
2. The European indices. The CAC 40 is trying to save the 7,800 points. For its part, the DAX is protecting the 23,000 barrier.
3. Gold and cryptos. Gold took a big hit with a 10% drop. It is trying to bounce back slowly. For Bitcoin, we are stagnating above 70,000. I am not taking any bets on it today.
4. A barrel of oil. It’s hovering around $94. That’s very far from the $200 the 24-hour news channels are talking about. By the way, don’t listen too much to those networks that are just trying to scare people.

The art of patience in trading

You don’t get rich on a single magic trick. It’s slow and steady work. Look at cathedrals, for example. It took three centuries to build them, not three months. The most beautiful structures require endurance.

A small word of caution nonetheless

Be careful, a major military surprise is always possible. An unexpected volley can break our levels at any given moment. You must always integrate this possibility into your plan. Keep your position sizes modest.

Conclusion

In short, project yourself into the long term. Don’t get fooled by the ambient rush. Take care, enjoy your weekend, and I’ll see you on Monday! By the way, some great new features are coming very soon to the channel.

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