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Traders Share Secrets: Chris Vermeulen | How to Trade Stocks & Options Podcast
Chris Vermeulen, Chief Market Strategist at http://www.TheTechnicalTraders.com has been trading since he was 16 in high school and been trading full time in college. He's 100% chartist and he loves swing trading and getting into the momentum trading.
Chris focuses on GDX GDXJ. According to him, it's pretty much a line across the chart. If we go back to 2010-2011, we'll actually see there's a series of major rallies from back then. Gold miners have just broken out of a stage 1 phase. Now we're going into that bull market phase. He thinks that they have the opportunity now to outperform for several weeks, do exceptionally well, but they might start to get under some pressure if the stock market does sell-off. It's so much easier to just find a trend that's going in one direction, either up or down and participate along with it.
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My Name is Christopher Uhl and I'm an Award Winning Trader, Entrepreneur, Author, Podcaster, Speaker, and Coach that partners with entrepreneurial traders and everyday investors looking to get ahead around the world to help them change their financial futures.
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