It’s been a wild ride for some traders this week with all this volatility.
Just last week, someone in our Millionaire Roadmap presentation asked if we’re prepared for the bear market…
Here’s one thing that people new trading have a hard time grasping when they get started:
We actually don’t care if stocks go up or down. We just want them to move.
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As an active investor, I don’t believe in buy and hold. There is a time to be aggressively long stocks, to be in cash, and a time to be short.
Now, if you’re relying on your 401K or pension plan – funds that primarily invest in long-only equity portfolios..these might be scary times for you.
However, when you are actively investing or trading, you can be nimble and control your positions. Unlike large funds that typically have to be invested at all times (that’s the way they make money), we can react faster, and switch from offense to defense whenever we want
Here’s a look at one of the trades that I alerted members about.
I sent the alert out to members yesterday in the AM, and just a few hours later…I was stoked! I was up over $15K, during a market bloodbath.
If you’re willing to take risk, this trade is not too shabby if I do say so myself.