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But that’s only if you take a very “zoomed in” view. Which, I think, most people do. They get caught in the action of the day and panic – especially if all their holdings are lighting up red. I took a little flack for posting yesterday that not a whole lot was going on - nothing of conviction to note. People acted like I was ignoring the market crashing! But folks have to remember to “zoom out” a bit… Zoom out just 30 hours or so and we’re already near yesterday’s highs… Just to be clear, that doesn’t mean I am ignoring potential downside. I think that’s very real. If you watched my “Shockwave” presentation today, you know I am taking that seriously. But here’s what I think is just as important: You can’t have a quick trigger finger in this market. We live in a time where global conflict, Fed involvement, tweets from Presidential candidates or EV business owners, and a ton of other things spike the volatility of the market. Trying to react or respond to every one of those things is what I call the “meat grinder”... It puts you in a position where you are chasing the market, flipping your bias back and forth and probably paying more in trading commission than you ever had a chance to make. Instead, I think having a medium to long term view with clear levels that can dictate your decision making is a lot better approach (both for potential profits and mental health). And, of course, trading dynamic strategies goes a heck of a long way too. You’ve heard me say it a thousand times, but once more for good measure: Regular options are broken. If you’re just buying calls or puts and chasing direction, it’s a recipe for disaster in my view. If you can learn to twist options like we do in Jump Trades (or my other strategies for that matter), I think you have a significantly better chance of winning in these markets. But, regardless of the trade structure you’re implementing, just remember to “zoom out” first. Nate |
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