Looking left we see that this bounce this week is off significant levels which could indicate at least a green week for the market as we edge closer to CPI this month.
The trick to trading FOMC is the patience for the real move when the market makes it. There's a lot of attractive moves, but waiting for the real market move is key for consistency.
The big lesson from today is don't fight the trend! QQQ, SPY, and DJIA all had massive losses. I don't short stocks but trade options so puts were huge today! Shout out to all the Evolved Traders out there! Thanks Mark for all your guidance! Pennystock Framework, and Volume Price Analysis do wonders with discipline. I went 3 for 4 today...with my loss coming from fighting trend on NIO when it was done spiking. Otherwise, it was just riding the freight train known as SPY all the way down...small risk with bigger rewards.
Looking @ $16 puts for earnings tomorrow. 11 out of the last 15 earnings it's dropped. Option premiums are predicting $1.75 movement up or down.
Solid puts early and calls late in the day following the trends.
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