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hey everyone welcome to my channel we have a market that has set 36 new record highs since the beginning of the year on Tuesday both the NASDAQ and the S&P 500 is set new records how do you trade market like this I found in the past that when you're getting towards the top of a market it may well go Way Beyond this I think it's a slower grind upwards and when you're in that kind of Market what I do is I buy and hold and you know that I'm a very active Trader by nature but trading excessively actually becomes a deficit in this situation because the market doesn't go up 1 or 2% per day and jump around that much so you're aead just a hold and I'm holding overnight and planning to keep holding some positions of mine some core positions I may trade individual stocks but even those I will continue to pick those that I think will continue to grind higher you've been told to buy small stocks it's too soon to buy them we have to wait for the market to stabilize and it's not stabilized at all we could have a 10% correction well here's news for everyone you can always have a 10% correction if you're in the stock market you know that the best thing to do that I found for myself is to put a 4% trailing stop loss and that more or less protects me from Sudden downturns looking at the chart for the last month you can see that the NASDAQ has made over 7% the S&P 500 has made over 4% the iwm which is the Russell 2000 has made 0.1% basically has made nothing in the last month it's too soon and I'm not overly eager to trade small stocks if we do have a correction who's to say that it isn't the big stocks the big money Rich stocks that will survive at the best that's what I think and that's what I'm trading I prefer to trade the Magnificent 7 that has been the trend and the trend has certainly been your friend as we look at the chart the Magnificent 7 ETF MH GS mags it has made about 7% in the last month while QQQ has made 75% now 75% is a really decent return so I don't want to discourage anyone that's in QQQ you are in a very good fund I think it's the 100 largest companies on the NASDAQ and there's more diversification there so it's it might be safer if you believe that the big magnificent 7 the big company are going to crash hardest I don't think so I think they probably will crash moderately in comparison to other stocks the focus recently has been mainly on Tesla and secondarily Nvidia simply because it's always going to be in Focus because it's so important to artificial intelligence looking at the chart you can see what a wild tear Tesla has been on in the last month it's gone up from about 175 to 262 48% return it is overbought as its relative strength is 87 Nvidia in the last week has gone up about 5% as you can see from the chart and it's stair stepping its way up from about 122 to 131 I expect just kind of the slow progress to continue it won't be exciting until we get to earnings and video's earnings come out on August 21st chips have been going up generally and I'm fond of ETFs when we're in a market like this where I expect it to continue to grind highers fairly slowly actually and I'm just going to hold on to it this is the vanx semiconductor ETF symbol SMH which has gone up significantly in the last week it's gone up from about 261 to almost 275 I don't expect it to keep going at this rate I think things are set to be clear for a while because everybody's waiting for po to Cut Rate besides Nvidia I also owned broadcom avgo and it's going to split its shares 10 for one on July 12th so that's one of the big Reasons I'm doing it it probably will go down somewhat after the split that's been the history of the recent 10 for one splits I'm buying 100 shares now which will become a thousand after they split on July 12th and depending on how the stock moves I may add to the position I eventually would like to own about 1,500 shares after it splits I ran into an interesting ETF which I cannot help but tell you about and it's based on the stock trading positions of Nancy Pelosi at least that was the inspiration its symbol is n NC after her first name of course and it's based on all Democratic congressmen's stock trade it's called unusual Welles subversive Democratic trading the Republicans also have a fund in this regard based on republicans in Congress their trading positions and its symbol is Cruz kru Z as you can see from the chart the Democrats ETF Nancy n NC made about 34% while the Republicans made almost 20% so their knowledge in Congress apparently helps be sure to like and comment and share and I will try to keep you informed on what I think are the most sound ways to trade in this market from my point of view thank you
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