This choppy market is providing setups in both directions.
Remember, when stocks are falling we can profit by buying put options. And we can do that in the simplest way to ensure safety without any complications. Puts provide the safest and best way to profit from bearish conditions as you only have limited risk with them, as opposed to other mechanisms which can expose you to unlimited potential risk.
Back to the markets … I’ve been saying the markets looked iffy for a while, which has meant being slightly cautious and ensuring you take your P1 first profit targets early.
But what was it that made me feel that way?
It was the fact that so many stocks had traveled light years past their Key Levels. And many of them still are, but a proper market correction (and I hope we’re going to see one) allows the market to reset. And market resets provide a plethora of opportunities for large moves all over again!
Some exciting news this week … I’m going to be interviewing the wonderful Glenn, our chief mentor, who’ll be talking about his experiences as a full time professional trader, and his experiences in coaching other traders to find success. One of these just reported on last Thursday’s group session that he was now at 24 out of 25 winning trades, largely thanks to Glenn’s guidance.
So that will be a fun and interactive session which I’m really looking forward to.
In today’s OVI Market Review, you’ll see plenty of bearish as well as bullish setups.
See you on Thursday!