IDMM -ETF Results October 28, 2020

Posted on October 29, 2020

All three market-based ETFs gapped down and continued lower on Wednesday. Usually, in a gap situation, you get a move back towards the low of the previous trading session. Not this time.

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During a brief career as a trader, Todd Hudson discovered that the analysis techniques used my most traders were inherently flawed. Oftentimes, the analysis resulted in guesswork. This often led to more questions than answers. After studying numerous methodologies and technical indicators, Todd decided to create a more scientific approach. This scientific approach would be based on risk management and historical patterns. This would allow traders to place trades using historical analysis of these patterns to determine future probable outcomes. The initial goal was to get a sense of the daily direction for intra-day trading.