By: Steve Smith
Monday I sent an email that talked about the opportunity in the market thanks to Powell’s presentation Friday.
Wow, less than a week and it seems like ancient history at this point. There’s so much going on in the news cycle that it’s difficult to keep up!
So where is the continued run-up? Why is the market just sitting there?
Truth is I don’t know.
Heck, we aren’t even guaranteed that the bull will keep running, the accommodative measures just increase the chances.
Truth is we all know there are no guarantees when it comes to trading.
Right now there’s is more affecting the market than just monetary policy.
THAT is why in Options360 we trade the market we have. Philosophy and belief will get you killed out there!
That’s why earlier this week I placed an Iron Condor trade in BABA.
In case you missed it, yesterday I talked about Iron Condors and explained how we closed a trade in ROKU for a 60% return in less than a week.
I expect similar results with BABA.
The Bulls and the Bears are obviously fighting behind the scenes for dominance, and the result is the market is barely moving, until one or the other wins.
That’s why it’s so important to use all the strategies. If I just made a call or put recommendations, it would be more challenging to find a good trade right now.
However, because we can use any appropriate strategy, we can make money even when the market is moving sideways.
Up, down, or sideways…
We find ways to profit in Options360.
You can join us for just $19. I don’t understand why you have not already!
To Your Success,