Well, that rally ended quickly

Well, that rally died out quickly. Just when we thought the bulls were fully back in control, all three markets closed lower today, with the Nasdaq as the biggest loser at about 1.5 percent. It's clearly a volatile time, and we may just be stuck in a sideways pattern for a while now. Markay Latimer has an inspiring trading story. And even though her kind of success is out-of-this-world, she loves sharing it with traders who wonder if it's really possible to reach your trading goals. Rob Booker sat down with Markay to record an extended interview about her journey, and about the lessons she's learned about what it takes to be successful. Watch their broadcast here What is a Sideways Market? Unfamiliar with the term "sideways" market? Don't worry about that! We'll let Markay explain at the end of this newsletter. But just understand that a sideways market is essentially when a market gets stuck in a holding pattern. It can be difficult to trade, but not impossible! Especially if you know what to look for on a chart. Boomers Unite! The harsh reality is that a lot of baby boomers are still forced to be part of the workforce. This has only gotten worse since the circumstances of COVID. Rob Booker has some thoughts on why this is true and what we can do about it. Read them here What is a sideways market? Well, it's a pretty simple concept, actually: A sideways market is a market that's moving sideways. Problem solved? That was easy. Just kidding of course. A sideways market is when a market is effectively stuck in a tunnel, and can't really decide on a direction over time. Let me show you a chart. Now you can see over time since December, we are still moving slowly more positive, but certainly we've seen a tapering of the momentum we had from post-crash onward. But in the blue tunnel, we've seen an even tighter sideways market. And recognize that even though the candles are bigger towards the end, that doesn't necessarily mean we're breaking out. As long as the overall highs and lows are fairly stable, we're still sideways. Now, you may look at that chart and think it's pretty hard to trade if you can't be sure what's coming on a particular day. And to some extent, that's true. Trading on an obvious trend is clearly easier than trading with more uncertainty and volatility. But trading is always difficult. So that's never going to change. There are still ways to read an interpret charts in a sideways market. I do a lot of analysis based on candlesticks. I recorded a free class about candlesticks if you're interested in learning more. Don't let a sideways market freak you out. It's just expressing some overall uncertainty about the direction traders want to head in. But believe me, there's still tons of opportunity out there. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. You may lose more than you invest. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. The information on this website is intended as educational in nature and we do not recommend that you buy or sell any specific financial instrument. Daily Profit Publishing , 1800 Hughes Landing Blvd. Ste. 200, The Woodlands, TX 77380, United States Update your subscription — Unsubscribe