For stock investors, it was a terrible year.
If this describes you, here are some things you can do in 2023 to get better results…
Consider using a stop-loss order at around 7% below your purchase price. This will limit your loss to whatever % you choose.
Also, consider using married Puts with your long positions.
Put options can skyrocket in value when a stock drops. If you are worried about your stocks dropping, buy a Put with a strike price equal to your cost basis in the stock. It's like buying insurance.
For some stock traders, it was the best year ever.
Traders who used the trend made big money.
The trend this year was down and if you didn't cash in and you think the market is headed lower, consider shorting stocks and/or buying Put options on stocks trending lower.
For almost every income trader, it was a great year.
Anyone selling options had a huge edge and probably a great year.
That pretty much sums up the year in review.
That's the past.
What does the future hold?
Here is my boldest prediction for 2023:
Last week during a session of "Ask The Pros" the question was – "Jack, What is your boldest prediction for 2023?"
My answer – "Volatility will be at an all-time high."
Next question – "What's the top market moving force that no one is watching right now?"
My answer – "Options prices and volume."
"The normal thinking was that the price of the underlying stock controlled the option's prices. 2023 may prove that options prices control stock prices."
Question – "How can our readers position themselves to profit from it?"
My answer – "Get educated. Sell options. Profit from time decay. Time decay is the only guaranteed thing in the stock market, and options premiums are at all-time highs. You can sell options and collect premiums every single day the stock market is open."
Options prices were high and great to sell because volatility was high.
Here's the bottom line…
2022 saw the death of a bull and the birth of a big volatility beast.
The volatility beast is going to eat in 2023.
It's also going to make some people very wealthy because it makes options prices go up.
Here's the good news…
2023's coming volatility can be great for you.
I'm hosting a special event where I reveal some tricks about making money from volatility by creating cash flow using options.
Start 2023 off the right way.
Trade Well,
Jack
PS. This income trading style has worked for decades and will only be better in the upcoming year, but you must be on the right side of it. This event gives you the details and proof.
0 Response to "My boldest prediction for 2023"
Post a Comment