Ken here,
Today is April 15th, 2020 and the Market is crashing like crazy!
Take a look at this diagram from finviz.
Man! That is a ton of red! The SPY dropped from $284 to $276 today!
These chart would scare most people instantly! I mean, look at these charts! Every single sector is down, and the one stock that is trending upwards is Amazon. AMZN is priced at $2297 at the time of this post. Not a lot of people can buy a couple of shares of AMZN at that price. Not to mention, it is only winning by 0.36%!
Talk about pennies on the dollar for your hard earned money.
However, I am not like most people, I am an experienced options trader. I am calm, I am reserved, I create a game winning strategy and I stick to my plan. I know exactly when to enter, and when I should stop my losses. I commit to my plan and have no emotions attached to the market.
The stock market is by far the greatest game in the world for people who want to develop a tenacious mentality for sticking to their plan. This is the mentality which separates millionaires from ordinary people, this is the mentality that elevates millionaires into billionaires.
If you can master this mindset, you are halfway to becoming a millionaire.
So again, I have answered the question in a recent post:
“Why is the market crashing?”
Honestly, I have no clue, nobody really does. Some big investor, institution, or a bunch of people decided to sell and lock in their profits from the previous weeks. This causes the supply of stocks to increase which decreased the demand. Hence, stock prices drop.
As people panic, people sell.
As people sell, stop losses pop, and the domino effect tanks the market.
That’s all there is. If you understand this, it will help you remain calm.
If you set aside the drop in the market, you can start to look for extremely good deals as the price of stocks are low!
Take a look at this trade I entered today on RCL. Royal Caribbean Cruise Lines. Pretty soon this trade is about to pay for my own vacation.
I may have to book my vacation here:
https://www.royalcaribbean.com/
This is awesome! The stock price dropped from $44 dollars to $35 dollars. I made an entrance on this stock around $35.88.
I purchased one $37 Call contract with the expiration date of 4/24/20 for about $330.
This stock is following my 5 elements of SUCCESS!
- Gravitational theory
- Trend Pattern Squeeze
- Support and Resistance
- RSI
- MACD
If you have read some of my other posts, after you see these elements on the stock. I guarantee you will know exactly what happens next after this.
I can’t wait to update you with the exit in the next coming days!
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Disclaimer:
I want to point out, I am not a registered investment adviser or broker/dealer. I am a highly profitable options trader who has been successful time after time, and I have changed the lives of many people through the art of trading on the stock market.
– Ken