Last Thursday the AP reported that the Fed is looking to raise interest rates between .%5 and 1% in the June meeting…
And that could be devastating for stock prices.
As a matter of fact, the markets opened down on Friday because of the news.
So, what does that mean for you and I?
Well to be straight to the point, it’s time for caution and to grind out the trades…
That’s my standard practice. However, because of the volatility, it’s a much more difficult proposition.
Traders need to be more cautious than ever, take the wins where you can find them.
For example, we closed out a trade in the SPY yesterday for a solid gain.
We didn’t close everything at once…
We closed the one leg at 9:30, the second at 9:50, and finally the third leg at 10:30.
The market was moving fast and if you were not watching closely you may have missed the opportunity to take profits.
That’s why you need to watch the market closely or work with someone who is watching closely and keeping you up to date with each trade.
That’s what I do for members of my Options360 concierge trading service.
I will keep you up to date for just $19!
Just click here and accept my invitation for a trial subscription. If, at the end of the trial, you are not happy with the service just cancel and you’ll never be charged another penny.
However, if you are like most of the people who take the trial – you’ll never leave!
To Your Success,
Steve