Hey, it's Ben.
We just survived a brutal week of volatility.
But if you are thinking about holding positions over the weekend to "catch the bounce" on Monday... be careful.
This isn't a normal weekend. We are staring at a "Double Barrel" of Gap Risk:
1. The Shutdown Deadline (Tomorrow) The US Government funding deadline is tomorrow, January 31st. Congress is still arguing, and if a deal isn't signed by midnight Saturday, we could wake up Monday to a government shutdown. That historically creates massive, unpredictable gaps in the Futures market.
2. The "Weekend War" Risk Tensions with Iran are peaking, and markets are pricing in a high probability of military developments over the weekend.
Remember: The stock market closes at 4:00 PM today.
The news cycle does not.
If a headline breaks on Saturday night, you are trapped. You can't exit.
You just have to watch your portfolio bleed until the Monday open.
This is why we trade Intraday.
With Snap Trades, we don't care what Congress does on Saturday. We don't care what happens in the Middle East on Sunday.
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9:45 AM: We snap the setup.
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Intraday: We bank the profit.
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4:00 PM: We go to 100% CASH.
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