So after my Market Primer video went live on Monday, I got a lot of questions from my readers along the lines of:
“Ok, Steve. Now that the market’s bounced… when can we short it?”
Well, I’m looking for 3 things before I start shorting this market…
And I’ll cover each one in detail in today’s video.
Watch below:
When you’re done watching…
Use this link to check out that training webinar I mentioned.
Here’s a brief written summary of the video:
First off, the rally’s energy tends to be proportionate to the selloff’s.
In other words: A bigger drop tends to be followed by a bigger rally.
Unfortunately, a lot of people — especially on the first bounce — tend to underestimate how fast and far things go.
The second thing I look for is my stops.
Specifically: I tend to set my stops above the “obvious” short entry — and I explain that much more in today’s video around the halfway point.
The last thing I’m looking at:
“Is the juice worth the squeeze in the options market?”
By that, I mean you have to make sure the risk/reward of your options play is good enough. You have to be sure the options seem priced well relative to the downside volatility.
That’s the bare bones of what I look for…But I promise that you’ll get even more value out of the video because I show you everything using our trading roadmap.
So scroll back up if and watch the video now if you want more detail.
Once you’re done:
