Hey there, welcome back to our channel! In today’s [Make Money Trading in May 2024] video 🎥, we’re going to dive into the world of trading and explore the various ways you can make money in May of 2024. We’ll take a look at how the markets typically perform in May, including a review of how April turned out this year. As we dig into the data, we’ll see that May tends to be a weaker month compared to April, often referred to as the “selloff” month. This time-honored adage of “selling in May and going away” is based on the idea that many investors tend to sell off during this month, causing a decline in the markets.
In recent years, May has indeed been a negative month, with a drop-off after a strong upswing in March and April. And with the past five years showing a negative trend in May, it’s no surprise that many traders and investors try to front run this selloff, resulting in a lot of selling and market negativity leading up to the end of May. We’ve discussed this phenomenon in past videos on our BeachBum Trading channel, and we’ve even provided strategies on how to profit in a down market during this month.
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📖 CHAPTERS 📖
00:00 – Trading in May 2024
05:13 – BeachBum Trading Sites
06:01 – Discord Invite
📈 TRADING PLATFORMS 📈
✅ Webull – Get FREE stocks with Webull 👉 https://bit.ly/3jKfvw5
✅ E*TRADE – Use our link and we both get rewarded! 👉 https://bit.ly/3zP6rvB
✅ Public Investing 👉 https://bit.ly/3M5eACK (Referral Code: MichaelSDeVries)
📟 RELATED VIDEOS 📟
🎥 Make Money Trading in May 2024 | [Weekly Trading Game Plan] 5/6 – 5/10/24 | Part 1 👉 https://youtube.com/live/84bLxdcx9BM
🎥 Make Money Trading in May 🌷👉 https://youtu.be/-n65XIKpWjE
🎥 Don’t “Sell in May and Go Away” 👉 https://youtu.be/4P38ANbX_u0
🎥 How do the Stock Markets perform in the Month of May? 👉 https://youtube.com/shorts/0MGKlYT6dkE
🎥 What are the Best Performing Stock Market Sectors and Industries in the Month of May? 👉 https://youtube.com/shorts/7fZDzwNIE-s
🎥 Make Money Trading in the Spring 👉 https://youtu.be/LzzpgZ4UsXw
🎥 What are typically the Best Performing Stock Market Sectors and Industries in the Spring? 👉 https://youtube.com/shorts/rY7xRBhpqRc
🎥 How do the Stock Markets typically perform in the Spring? 👉 https://youtube.com/shorts/qMinhxIE-yE
#swingtrading #May #swingtradingstockstrategy
📝 REFERENCES 📝
📝 Weekly Trading Game Plan Notes for 5/6 – 5/10/24 – Part 1 👉 https://docs.google.com/document/d/1wTEhGZ9Va23fF6PpRZ4hPoIT6Hx9-2FARWqU-2OGaPQ/edit?usp=sharing
📝 Best Time(s) of Day, Week, and Month to Trade Stocks 👉 https://www.investopedia.com/day-trading/best-time-day-week-month-trade-stocks/#toc-best-month-to-buy-stocks
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