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Monday September 21, 2023 Monday Morning Rundown with Responsible Day Trading

Aug 21, 2023

Hello my friends!  I know it has been a while and I’ve missed yall!  Things have been quite busy around here and life has been a bit of a whirlwind, but while it’s slowing down just a little, I wanted to connect with you.

So, how about this market, huh?  It’s been a bit wild.  We have had some great movements to the upside lately and we are now looking at a huge retracement to the downside.  If we look at the Daily chart, it still has direction to the upside currently with the possibility for this area of support to hold.  Now, with that being said, we can see that the 28657 still hasn’t quite made the shift to the upside (while it is actively working on it) and we want to keep all areas of resistance above us, in mind. 

We did see the day starting out with a bit of a move to the downside on our trading charts, but as the day is progressing (I had some major recording/video problems, so it’s taking a while to get it out today), the direction is moving to the upside on all charts (minus the 28657 just yet but its working it!) Which means, we may see some fun movement to the upside while it is making up its mind!

Alright guys, also- in the beginning of the video, we chat a little bit about the upcoming RDT scholarship!  This is a time for us here at RDT to give back and help those who might not feel as though a trading education is a possibility—but let me assure you, it is.  This is an annual event that we are doing every October and we can’t wait to see your applications and get to know you a bit before the final decision is made.

If you’d like to sign up, go to the website and click the “Apply Now” button or use this link to get your application in: https://www.responsibledaytrading.com/scholarship-full

We look forward to learning more about you and watching you grow!

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CFTC Rules 4.41 - Hypothetical or Simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.