Avoid Chaos in Your Portfolio

Peek behind the curtain... [Shield] AN OXFORD CLUB PUBLICATION [Wealthy Retirement]( [View in browser]( SPONSORED [My wife was skeptical... until I showed her my account balance.]( [Shocked Wife]( The Fed just created the single greatest income opportunity I've seen in nearly 20 years. I've put more than $1M of my own money into it. And plan to add another million! I even suggested my wife put her savings into it. [That's because I fully expect this money move to hand me at least $1 MILLION within 5 years.]( My wife - an elementary school teacher - wanted me to be more cautious... until she saw my account had soared $79,487 in just one month. [Now she's going in BIG too with $200K!]( If you act now (and I mean before November 1)... you could ride this wave with us. But hurry... once this opportunity is gone... we'll likely never see it again. [Here's why...]( Editor's Note: Chief Income Strategist Marc Lichtenfeld originally shared today's article about support and resistance levels (and the trading habits of 1920s mobsters) with you in late 2021. But while tracking support and resistance levels can be extremely helpful, it's just the tip of the iceberg. Marc is constantly tweaking and refining his chart-reading system. In fact, he just started using a [fascinating new indicator]( to help his readers time their trades even better than before. He says, "When you aren't in a bull market, this kind of approach isn't just a good idea... It is absolutely critical to making money in the markets." Be sure to [watch Marc's new video]( about this simple but powerful addition to his methodology. I hope you learn as much as I did! - Rachel Gearhart, Publisher [FINANCIAL LITERACY]( [Avoid Chaos in Your Portfolio]( [Marc Lichtenfeld, Chief Income Strategist, The Oxford Club]( [Marc Lichtenfeld]( I've been binge-watching Peaky Blinders on Netflix. Think The Sopranos but in 1920s England. It's very good, and the lead character, Thomas Shelby, is scarier than Tony Soprano ever was. Tony is volatile. Thomas is calculating and ice-cold. One episode of the show takes place on October 29, 1929 - Black Tuesday, when the market collapsed, kicking off the Great Depression. Some of the characters, like many real-life investors, were completely caught off guard and suffered devastating losses. But Black Tuesday didn't happen in a vacuum. The market had been falling for several days. The Thursday before, October 24, the Dow Jones Industrial Average dropped 11%. One of the show's characters instructed his brother to sell everything on Friday - just before Black Tuesday. Perhaps he was using the concept of support to [time his entries and exits]( A support line is a price level where a stock historically stops declining. It can be a flat line all at one price, or it can be a trend line that gradually moves in one direction. For example, here's a chart of Compugen (Nasdaq: CGEN). [Chart: Support on Display With Compugen]( You can see that from August through October, every time the price dropped to about $5.80, buyers stepped in and supported the stock, pushing it back higher. But then, in mid-November, the buyers disappeared and no longer supported Compugen. It fell below its support line and continued to slide. If you'd owned Compugen, you would have looked to get out of the trade once the stock was a few percentage points below $5.80. If you'd bought the stock close to $5.80 and sold close to, say, $5.60, you would've had a very small and manageable loss. SPONSORED [It's a Bird, It's a Plane, NO WAIT - It's "The Last Great Value Stock"]( [Superhero Businessman]( "The Last Great Value Stock" was discovered by our Head Fundamental Tactician. At under $3 per share, this could be the last bargain in the markets today! It wasn't until his debut that Superman became one of the most iconic superheroes in history. An announcement in November could be this stock's debut. [Get Details Here.]( And if you'd bought the stock in late October around $5.80, you would've had the chance to make more than $1 in profit in a short period of time while taking on very little risk because you would have gotten out if the stock hit $5.60 or so. Let's look at a support level that isn't flat. This is a chart of microcap Smith-Midland (Nasdaq: SMID). [Chart: Smith-Midland Rides an Up Trend Line]( The teal line is a trend line that is moving higher. Every time the stock returned to the trend line, buyers stepped in. To create an up trend line, you draw a line from the lowest low to the highest low after a decline. In November, when the stock hit the trend line at around $19, you could have bought the stock feeling confident that it would bounce off the trend line like it had in the past. If you were wrong, your loss would have been small because you'd have exited quickly. But if you were right, you would have kept riding the stock higher until it broke support at increasingly higher levels. Successful trading is about [managing losses and letting your winners run](. Using support lines helps you do exactly that. One character from Peaky Blinders didn't sell his stocks as instructed (don't worry, it's not a spoiler). Perhaps if the Peaky Blinders gang had used support lines, a lot of chaos could have been averted. But then the show wouldn't have been as much fun. If you want to [avoid chaos in your portfolio]( use support lines in your trading. Good investing, Marc [Leave a Comment]( [Investment U Conference 2024 at the Ojai Valley Inn & Spa in Ojai, California. February 26-29, 2024]( RECOMMENDED LINKS [See How to Access the Money Tool Metric Typically Reserved for World's Richest ($10M+ Net Worth)]( [Top Trader Reveals "One Ticker Payouts": One Ticker... One Trade... 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