Time is flying … and there are just ten weeks until our transformational Options Bootcamp in Riviera Maya where you’ll be using our latest technology.
Remember, if you’re attending online you will have a Q&A session directly with Chloe on the Sunday after lunch, where you can pick her brain as to how she’s achieved a near 80% win rate and 18X’d her account with very part time effort. Pure consistency. This is a golden opportunity to learn from someone who can teach and empathise with where you are. Make sure you’re there online – or in person – and be armed with your questions for Chloe directly.
So, another weekend with big news dropping while the market are closed!
Many people will be guessing and gambling, making impulsive trades, trying to guess how the market will react to the news. It’s amazing how often the market reacts differently to expectations, or simply whipsaws around to screw it up for everyone!
So, what should you do? Keep calm, observe, and only play the obvious setups as they play out. And manage every trade with our E.D.G.E. Trade Plan so you stay in control from start to finish.
This is where the money is made.
Not by guessing and gambling. But by deliberate and skillful application of a high probability systemic approach.
And when it comes to the best options techniques, no one does it better than us and our tools, so have a chat with us here to explore how you can benefit from our approach.
Market Outlook:
At the risk of sounding like a broken record, and notwithstanding this latest news from the Middle East, my medium-term outlook remains that the indices will pull back at least 10% from the highs, and likely more in the coming months.
As I write this on Saturday afternoon, it’s pretty much impossible to speculate how the markets will open on Monday. There’s so much news swirling around, and there are still 40 hours to go until Monday’s open!
These geopolitical events make everything highly unpredictable so at the very least wait until the opening hour to see how things are moving.
Our market commentary continues to be outstanding. Mastering market timing enables you to swim WITH the tide at the right time.
Watch the video for more detail.
Market Timers:
- Longer Term Market Timer (OVIsi):
Green. - Medium Term Swing Timer:
Bearish. - The Main Indices OVIs:
All neutral to bearish.
Stock Selection:
The best setups are currently post-earnings, where I’ve used our fantastic Earnings Calendar application and Earnings TradeFinders for stocks and options. There are individual setups looking ok in both directions, but the key here is to minimize the impact that news could have on a trade. That’s another reason why post-earnings Big Money Footprint setups are optimal.
** Remember, managing risk in your trade management is as important as trading with higher probabilities. This is very much part of the WiseTraders method, and is our third Master Key. **
Look in our Gift area inside the Platform to watch “How to Cap Your Losses & Protect Your Profits“.
Increasing your probabilities with a logical proven system is an essential part of trading. But you also need a rock solid trade plan that tilts the odds further in your favour.
Our EDGE Trade Plan does exactly that, and you will find trading so much more rewarding and peaceful if you adhere to its principles.
My goto playbook is OVI, near Key Levels, Trend Fades, and a consolidation/sideways move. The other two Big Money Footprints are highly desirable but those four are essential to me! With my new VIP filters, I’m also now looking more at overbought and oversold issues.
Go into the ‘Expert Watchlists’ area of the platform to view my Watchlists for (a) all the stocks I cover in today’s video, and (b) a smaller list that warrant a closer look.
** The list of stocks is in the Expert Watchlists area (just click on my image to see them), so you’ll have to log in to see it. Market Timing will also go inside a login soon. Remember to reference the video commentary so you know what my sentiment is on each stock listed. **
Don’t Miss Out:
Software Upgrades:
More game-changing upgrades will be made in time for the Mayakoba Options Bootcamp on 9-10 May.
Lined up for later this year:
- Instant Chart Data:
Click on a stock and the chart loads without blinking. That’ll save me hours of time each week.
- Market Timing:
A significant upgrade to our Market Timing and Dashboard area is in the works. Stay tuned for any announcements.
- OVI Upgrades:
Two huge upgrades are coming for the OVI!
First is a mechanism to increase the number of stocks and ETFs to be more readable.
Second is a new research project that dramatically reduces our universe (so saving time) while increasing the probability of a profitable move.
Both of these are game-changers.
- Options Enhancements:
The Analyzer upgrade is almost ready. It will demonstrate anyone’s ability to trade options with complete visibility in just a click.
- More Automation:
All these enhancements are paving the way to more automation, and accelerated use of A.I. while avoiding the pitfalls of overfitting.
The result will be more precision and less time.
More updates are on the way!
Upcoming Events:
Our Options Bootcamp in Mayakoba, Riviera May, Mexico is on May 9-10th! It’s going to be super practical, using all the new enhancements to be released especially for the event. Don’t think you can do options? I’ll prove you wrong!
Watch today’s market review inside the members area here! To the left is the Watchlist area. To the right is the TV area.
How to Watch This Video:
The best way to watch this video so you can flip through the charts at the same time:
- Log into the members area: https://platform.wisetraders.com
- Click on TV within the Platform (top right)
- Choose “On Demand”
- Play
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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.
