Quantcast
Don’t Worry About the Hype…

Don’t Worry About the Hype…

Posted On January 11, 2021 2:46 pm
By:

I’ve seen some news reports and bloggers getting all excited because the market opened with the Dow a little over 150 pts down. 

And people are going crazy because BTC is down almost 20% from last week. 

If you are getting caught up in the fear, just relax.  

Find Great Trades in Any Market.  Start for Just $19!

I always tell you, every market needs to pull back sometimes.  We don’t want to get caught in the pullback, which is why we don’t have any naked positions…

But the pullback itself is healthy.  

It helps form a new base that the market can build on. 

And besides, at the current valuation, 150 pts is nothing.  Less than .5%. 

Don’t get caught up in the hype, the market will likely keep surging forward.  And if it doesn’t our hedges will protect us and we will change strategies and take advantage of any correction

Fear is never healthy in trading. 

Not the Fear of Missing Out and not the Fear of Losing.  

Neither one serves you. 

Stick to your plan and trade the market you have

To Your Success,

Steve

PS. Make sure to grab your $19 trial membership to Options360.  It’ll be the best money you will ever spend.  

PPS. I don’t do anything with BTC. I just mention it because it’s adding to the fear.

Members of Options360 get 2 market webinars each month and my personal email to ask questions.  (No personalized advice.)  You can test-drive all the benefits for just $19 right now.

About author

Steve Smith
Steve Smith

Steve Smith have been involved in all facets of the investment industry in a variety of roles ranging from speculator, educator, manager and advisor. This has taken him from the trading floors of Chicago to hedge funds on Wall Street to the world online. From 1987 to 1996, he served as a market maker at the Chicago Board of Options Exchange (CBOE) and Chicago Board of Trade (CBOT). From 1997 to 2007, he was a Senior Columnist and Managing Editor for TheStreet.com, handling their Option Alert and Short Report newsletters. The Option Alert was awarded the MIN “best business newsletter” in 2006. From 2009 to 2013, Smith was a Senior Columnist and Managing Editor for Minyanville’s OptionSmith newsletter, as well as a Risk Manager Consultant for New Vernon Capital LLC. Smith acted as an advisor to build models and option strategies to reduce portfolio exposure and enhance returns for the four main funds. Since 2015, he has worked for Adam Mesh Trading Group. There, he has managed Options360 and Earning 360, been co-leader of Option Academy, and contributed to The Option Specialist website.

Leave a reply

Your email address will not be published. Required fields are marked *