Hey Trader, When the market's primary source of fuel is fear… everything feels the terror. That's why futures tied to the S&P 500, Dow, and Nasdaq were all down this morning in premarket. Investors are terrified, and rightfully so… We haven't seen bank collapse like this since the crash of 2008. And something tells me things are going to get worse before they get better… No matter what the Fed says. But if you want a silver lining… If you remember, I made my first fortune during the crash in 2008. On the floor of the CBOE, I turned $500,000 into to over $5,000,000… Now, I'm not saying that is going to happen again. Conditions are different, the market is different, heck… the whole world is different. But my trading strategy is the same. I still use the same basic ideas of unusual options activity to place my trades. In fact, the scanners I use now are even better than the ones I used to use. Not only is the technology and software better, but I've been able to allocate a lot more funds to producing and perfecting them. And the backtesting on them has been extensive. So, while the market ignites full panic mode in investors, I'm not shaking with fear. Perhaps these conditions aren't ideal for traders, but we've navigated all kinds of market volatility before. And somehow, we always come out smelling like roses for the most part. So, my message today: Don't Panic. Take comfort in knowing that the scanners will guide us. The scanners will still detect any unusual options activity, and I'll still vet them and decide which ones to take. The big fish are going to take advantage of this feeding frenzy. And when they do… my scanners will be there to follow their every move. Til next time. Regards, Andrew Keene
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