By: Steve Smith
The big swings continue this month with the Dow more than 300 pts down as I write this.
I don’t want to seem arrogant, but I did call for a volatile December over the last couple of weeks, and I’m being proven correct.
These swings create a massive opportunity for traders, and I intend to take full advantage of that opportunity.
Of course, I won’t get euphoric. I will maintain my normal “grind it out” approach in Options360.
Put simply, market volatility can make you a lot of money if you trade it correctly.
If you do not trade it correctly, then volatility can roll over you like an out-of-control boulder.
Take, for example, the trade in ROKU I showed you in Friday’s article.
My thesis was right, but my strategy was wrong…
And a great trade turned into a losing trade because my thesis was “too right.”
I expected the stock to go higher, but it SHOT up 20% almost overnight.
Of course, today, as I write this, ROKU is back into a profitable area for that trade…
So because we know how to play the volatility we may be able to turn the proverbial lemons into lemonade. We will see how the orders get filled and go from there.
Here’s the point, high volatility when you are trading can mean wonderful profits or crushing losses.
You need to know how to defend against those losses, how to maximize the profits, and when to throw in the towel or collect your profits on a trade.
If you’re weak in any of those areas you run the risk of getting destroyed when the market swings big…
Even if it swings in the direction you are expecting it to swing.
That’s why having a professional trader working with you is so important.
And you can start working with me for just $19.
It’ll be the best money you ever spent!
To Your Success,