I have some exciting news but first…
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’ve been expecting a bounce for quite a while — it’s obvious that we’ve been super oversold for weeks now.
And while I expect this bounce could really run, my advice to you is to let it go.
The market has been going down in a straight line for some time — the Nasdaq 100 fell 7% over the past few days alone.
Do you think going up about 1% or 2% is a proper bounce that’ll make up for any of the previous losses?
No. So let it run and come back down, this isn’t the snap-back rally traders are itching for.
So during situations like this, it’s important to remember this major clue that a snap-back rally is upon us…
In the meantime, I have an exciting announcement to make… I’m rolling out an all-new option for my students to receive analysis and other updates in real time — and anyone can sign up for no charge!
When it comes to trading, every second counts. And in choppy markets like these, often driven by headlines, stocks can make big moves in a flash.
That’s why I want you to get my latest trading ideas and market updates as fast as possible. So I’m happy to announce we now have a Telegram channel dedicated to getting my latest analysis to you even faster!
Telegram is an instant messaging app that allows me to get trade ideas, videos and watchlists to you in a matter of seconds.
Check out this short article we put together with instructions on how to download Telegram to your phone — and access my private channel!
Joy of the Trade
P.S. We’ve all been there before… You buy the dip in your favorite stock…
But then that dip turns into a correction, and then that correction turns into a crash.
Before you know it, two to three months of gains are wiped out in two or three days.
This is what we call blowing up an account… And we see new traders make this mistake all the time.
The key here is to protect yourself by using a built-in hedge…
The hedge allows you to take full advantage of potential upside, but when the market crash finally does come… you’re more protected.