2020’s chaos is spilling over into 2021 and we’re playing a wait-and-see game with a lot of factors. A big concern is that we’ll finally see the market correction we’ve been talking about for so long, which means it’s important to have a defensive trading strategy.
Obviously, the 800-pound gorilla in the room is politics, but we’re going in a different direction today. With earnings season here, the name of the game is the same as it was in 2020 — volatility.
In addition to that volatility is the indication of a stock market pullback. Twitter Inc. (NYSE: TWTR) and Facebook Inc. (Nasdaq: FB) are both down…
The “big boy” tech stocks — excluding semiconductors — are under a lot of regulatory scrutiny and facing long-term risk. The stock market follows stocks, and when the stocks that bring it up start to crack…
Be prepared.
This Shouldn’t Be in Your Defensive Trading Strategy
One of the hot-button issues in the trading world is Bitcoin USD (BTC-USD). Over the past 24 hours, Bitcoin and other cryptocurrencies took a nosedive after surging last week. The U.K.’s Financial Conduct Authority (FCA), its largest financial regulator, issued a warning.
The FCA said that it “is aware that some firms are offering investments in cryptoassets […] if consumers invest in these types of products, they should be prepared to lose all their money.”
Is that a safe place to store your wealth?
Now, after sitting down with trading experts Roger Scott, James West, Adam Sarhan and Jeff Yastine, we all seem to be bullish on cryptos.
But that doesn’t mean they’re a smart defensive trading strategy.
So what do you do? We’ve seen the stock market pullback coming for a while, and we have ideas for you.
Join us at our Monday-morning roundtable as we talk gold, bitcoin and give you our thoughts on a good defensive trading strategy in case of a correction.
Feel free to email me your trading questions at jeff@joyofthetrade.com and be sure to subscribe to my YouTube channel.
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