By: Steve Smith
This morning, I sent an email to subscribers to my concierge trading service, Options360.
In it I wrote:
Major macro news swinging commodities and stocks. I have some opinions but nothing we can use as the tune changes moment to moment. We’ll just have to hum along, let prices play out, and wait for a song we can dance to.
We see a LOT of volatility right now. I don’t need to tell you that…
The problem is a lot of traders try to force trades. When prices are swinging this much this fast you can get slammed before you can get out of a position.
That’s why we need to work extra hard to stick to our plan.
When we get distracted, we can easily get crushed.
Just because we are keeping some dry powder, don’t think we aren’t busy.
I am watching several positions right now…
And when the right setup happens, we will jump right in.
Don’t miss your chance to get in on the next big winner…
To Your Success,
PS. I know I keep pounding the risk/reward drum. That’s because it’s critically important if you want to keep trading successfully year in and year out.
Right now, there’s LOTS of opportunity – but there’s also increased risk.
My research can help you manage the risk and find the reward.