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A question that new traders often ask is how long should I trade a Demo Account? 💰

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Accept losses as part of trading, focus on the long run & don't stress about the outcome of individual trades. Know that every trade, every loss, and every mistake is a valuable learning opportunity.

Being broke, lazy & neglectful is EASY. HARD is the work needed to be wealthy, disciplined & consistent.

🇺🇸 Here is my Equity Market Forecast for this week. Please share it with anyone else who may find it useful.

Stocks rallied on Thursday and Friday largely due to global money from Chinese stimulus finding a home in US stocks and a technical bounce off the 200-day moving average (that Hedge Fund Algorithms love to use). This week we have job numbers on Friday which will add to the volatility and provide further clarity on where interest rates are likely to head next.

When we look at the broader economy, economic data continues to worsen as do company earnings, putting the probability of another sell-off over the coming quarters as the likely path of least resistance. For more active traders, there will still be opportunities to benefit from short-term rallies.

I continue to watch the 2yr Yield as an early warning sign of where the markets are headed. Any sign that yields are falling will be positive for stocks.

S&P500 (SPY ETF) - we have price gaps above and below the current market price which traders will likely use to set profit targets. I see the buying momentum from last week continuing into Mon/Tues with a price target of $408.00 before pulling back to retest support at $402.50

Nasdaq 100 (QQQ ETF) - like the SPY, we have price gaps above and below the current market price. As the price finished higher on Friday with increasing volume, I see the QQQ heading higher to fill the gap at $303.15 which is my price target this week. From there we are likely to pull back.

Volatility (VIX)- I see the VIX heading lower Mon/Tues to retest support at $18.25, which is this week's target before bouncing higher.