Which Way Will The Market Go?

Posted On July 25, 2022 3:44 pm
By: Steve Smith

Which way will the market go? You can hear analysts, prognosticators, even “psychics” all chiming in as to what we can expect…

They say some of the Wall Street big guys used to use astrologists to help them decide what positions to enter.

I guess that just proves even the smartest people can be baffled by BS.

You won’t hear me making a prediction.

Sure, I have my suspicions, but I rarely if ever bring them up publicly.

I also don’t allow those suspicions to interfere with my trading.

Traders who trade macro predictions end up broke.

Instead, we need to trade the technicals.

Sometimes, what I see in the market and what I read in the news can inform those trading decisions…

But, news or macro predictions never override the technicals.

If the chart tells me one thing and the news tells me another… I trade the chart or I don’t make the trade.

That’s why Options360 is up over 14% YTD and our benchmark, the S&P 500, is down 17.74%!

Fair warning, what I do is not very exciting.

We are rarely, if ever going to hit a “homerun.”

Most of the time, we grab a small win here and there…

If you’re looking for profits in this market that’s how you find them.

I invite you to join Options360 for a full 30 days for just $19.

You’ll get all my recommendations, all my trade management, and sell alerts…

And 2 LIVE training webinars.

Plus, hundreds of hours of archived training webinars.

Just click here, and enjoy a full 30 days. You are never under any obligation to continue…

However, when you’re done with the first 30 days – I’m sure you’re going to stay forever.

About author

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.