Defensive Day Trading: Key Takeaway
- Why I won’t trade just to trade…
- How the overall markets can affect your trades…
- It’s your job to stay safe in an ugly market — learn how NOW.
Is the recent dip in the overall market a healthy correction? Or is it the start of a market crash? I can’t predict the future, but find out how I’ll be ready to adapt…
Table of Contents
Why Sometimes the Best Trade Is No Trade
I’ve alerted big weekend gainers like Axis Technologies Group, Inc. (OTCPK: AXTG) and Clean Vision Corporation (OTCPK: CLNV). And I made $6,825 and $6,476 on those trades respectively.* (You can see all my trades on Profit.ly here.)
When I started it, I estimated two to three solid weekend plays per month.
That means there won’t be plays every week. I’m not being lazy or taking a day off. Instead, I’m focusing on the best setups.
And — this is important — you don’t have to trade every day.
Cash is a position. Sometimes the best trade is no trade.
Especially in an uncertain and ugly overall market. Learn more in the video below:
Why Am I Being So Cautious?
The S&P 500, the DOW, and Nasdaq are all up HUGE this year. I’ve loved all the plays and volatility.
But a lot of traders lose perspective. I don’t.
So is this recent dip the start of a stock market crash? Or is it just the beginning of consolidation or a correction?
Again, I don’t try to predict the market. Here’s what I do know:
- Three out of four stocks follow the markets
- Historically, September and October have the most market crashes
So I’m erring on the side of caution. When I don’t trust the markets, I don’t trade.
Anything can happen. And if you’re in a trade, your hard-earned money’s at the mercy of the markets.
How to Trade in a Scary Market
I manage my risk.
I trade conservatively and protect my account at all costs.
It’s your job to stay safe in the markets, even when the $DIA $SPY $QQQ are ugly like today…I’m very happy with my $2,500ish in profits, 2nd day in a row, my sincere thanks to the $ILUS $TGGI $CYBL promoters for crafting such beautiful trading setups! As usual I played too safe!
No, you don’t have to listen to me. You can go all in and risk blowing up your account trying to get rich quick. But what if you’re wrong?
Anything’s possible. And I don’t like low odds guessing games. That’s why I always expect the worst out of every company and every stock.
And I always…
Adapt to Changing Markets
When the overall markets look shaky, don’t force trades.
Stay liquid and pounce when you see your best setup.
But when there are no high odds setups — I stay safe.
That’s how singles add up and you can grow your account over time. For the record, I NEVER want you to blindly follow my alerts. I want you to use them to learn from my process. Seeing them in real time can be a powerful educational tool.
How are you adapting to this choppy market? Let me know in the comments!
*Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed are exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.