I’ll get straight to it this week …
In this bizarre world of HODL’ers and “To-the-Mooners”, I keep hearing of people who do not have any kind of trade plan, and are simply gambling on a price move because they “heard” (from some spotty teenager) the price was going to gazillions.
That is craziness.
It’s also not “Trade What You See”.
Over the past weeks our “club” should be immune to the recent behavior of the markets, because (a) we only Trade What We See, and (b) we always have a trade plan … and our EDGE trade plan is particularly good at protecting our profits and having sensible stop levels in place.
Think of how Chloe has 15X’d her account in a short space of time …
Starting out as a basket-case who’d decimated her account, she has transformed into a trading machine, trading only on HER TERMS.
And her terms are OVI trading rules. Right from Market Timing, to Stock Selection, and yes, the Trade Plan.
Protecting her winners quickly, only trading sensible setups, and stopping out before a loss becomes serious.
Consolidations
Why do I like consolidations?
In part because in the context of our Big Money Footprints they have a role to play.
But even more importantly, because they help me contain risk.
During choppy markets we’ll quickly see if we’re getting false breakouts so we can sit back and try again when market conditions are friendlier.
Be the Opportunistic Predator
Yes, of course trading is about being opportunistic. But it’s also about sticking to a good plan. We have a great plan! And for the most part, a choppy volatile market is not where we focus our energy.
A lion doesn’t chase every gazelle. An experience lion spends most of the time observing and waiting for the high probability chance of an easier kill. They observe and zone in on that slow or weak gazelle at their point of greatest vulnerability.
Nature is tough … and so is trading if you elect to do it the wrong way.
But if you choose to do it the right way, with the confidence to watch with relaxed intent, then you too can be a machine like Chloe, patiently picking off the easy winners on YOUR terms.
The Emotion Challenge
For life to be life (rather than a mere existence) of course emotions will be triggered. That goes for trading too. But how about those happy hormones being triggered by following your plan properly every time?
How about a calm authority with what you’re doing, rather than frenzied chasing like being on heat?
When I speak to my top members they are always calm whether they have something to trade or not. They play the game like a lion.
Outrageous Results with Calm Authority
Remember, we have members who have achieved outrageous results consistently.
How does 10X’ing or 15X’ing an account in a couple years while only trading on average once per week sound to you? Pretty good.
In fact, I’m minded to make an interview with Chloe – not about her results – but about the emotional / mental transformation she made after a coaching session with me.
If I could bottle that up, it would be the Holy Grail. Because, like I said, pretty much overnight she transformed herself from a bull-in-a-china-shop to a calm, authoritative lion (or lioness!). And within three months of that, she had turned her account and trading career around … up 78% in that time … and there’s been hundreds of percent more gains since then.
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Why am I going on about this?
Because I read about too many people trivializing trading into silly catchphrases and hurting themselves and their acolytes.
Trading does not have to be difficult. In fact, it should be simple. But it shouldn’t be trivialized.
You can master our techniques with stocks and options.
And you can master your mind and emotions too.
I am determined to help you do this, because the joy you’ll get from that calm authority – not to mention profits – will profoundly eclipse than the buzz of a crazy scatter-gun approach.
So, like I said, I’m going to see what I can do to “bottle up” this transformation for us all to enjoy.
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Current Market Behavior:
Long ranged bars with the indices with the S&P resting just below its 200-dma. Friday was a potential reversal day with good bullish momentum, but still closed just below that Key Level.
The S&P Swing Timer is still showing oversold, but one more decent up day will bring that indicator out of that overstretched zone.
Apple was the catalyst for the snap-back, but it too has repair work to do.
Market Outlook:
I don’t think this market is quite done yet, but in the short term we’re still oversold so there is further upside. That looks like it will manifest above the 200-dma, so you’ll have to be super careful to only Trade What You See.
Stock Selection:
There are some good setups for short term bounces, and you’ll have to be quick to protect your profits. Also a few bearish setups still looking good.
Application:
I was demo’ing to some professional traders last week, who mentioned how the applications they were using were so clunky and user-unfriendly. I showed them our one click technology to find highly targeted stocks and options setups in seconds, and they were blown away. The speed at which we can find such great setups means you can afford to be super selective with them.
Software Upgrades
We deployed the Fast Filter counts last week plus new options one-click filters. Further upgrades will be deployed this coming week .
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Remember, you can play the video at 1.25x or 1.5x speed if you want to save time! I have placed all the stocks covered in today’s review in your “Latest Preview” watch list.
