The moral of the story in this market environment is you can sit still, make mistakes and suffer... Or you can have an active trading strategy that shines by putting you into trades for brief periods of time.
This is the year for this type of trading because of how crazy things are, which creates a ton of new opportunities every day. The key is avoiding landmines and zeroing in on the best places to be for snapback rallies.
For example, let’s take a look at a trade we took last week in PayPal for our Burn Notice strategy. Thursday morning, we saw glimmers of hope of a reversal in deeply oversold stocks.
And then the rally failed.
When that happens and we get another pop in futures the next day, the “smart money” goes right back after those same names. It’s kind of like poker…
It’s looking like we’re going to have ourselves a nice turnaround Tuesday, especially with that nice bounce we got in the Nasdaq 100 this morning... If things are able to hold up because who knows in this climate.
I hope you’ve been following along with the analysis here and paying attention to what’s been going on in the stock market over the past several weeks, and really most of 2022.
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