What a week, what a month…
Not to toot my own horn or anything, but it pays to check out Crush the Open and the WealthPress Live Roundtable each week for up-to-the minute market analysis.
It’s my job to help you learn how to be a better and more confident trader.
In that regard — and in life — I’m a realist and a straight shooter. And I’m more cynical than normal this year.
I’ve gotten a lot of questions about whether or not we’ll get a “Santa rally,” which seems silly to me.
It’s been a bearish tape for the vast majority of 2022… And when that happens, we’re more likely to have a lump of coal situation than we are a Christmas miracle on Wall Street.
But that doesn’t mean we can’t bank some dough riding the market down — we most certainly can if you know how to attack a bear market…
How to Attack a Bear Market
Once again this week, the Federal Reserve peed in everyone’s Cheerios. This shouldn’t come as a surprise to anyone because here’s the thing…
Wall Street is always trying to fool people into thinking a bottom is in and markets are about to rip higher at any moment. That way, there are new buyers and new people committing money. And this is important…
You can’t get sucked in and fooled by these old tricks… and left holding the bag.
There’s no clean break out of bear markets. It’s a gradual process. There will likely be several bear rallies before a bull market begins anew. It’s a gradual process full of fits and starts. Bear markets, on average, last about 18 months.
We’ve done about 12 already, so we have around six more months of this type of action to go…
And by that, I mean a downtrending tape with shocking upward flares… before fading again. Once you realize what’s going on, you can learn exactly how to keep your account intact — and even how to trade it to your benefit by attacking the bear market.
Check out my video up top and let’s talk tradeable levels — I expect us to test November lows before the end of the year. And then we could test October’s lows coming up in January.
The best way I know to make money when the market is likely to fall is by owning puts… so let’s discuss how to attack this bear!
Are there any topics you’d like to see me cover or questions you’d like answered? Send me an email at jeff@joyofthetrade.com. And be sure to stay ahead of the markets by subscribing to our YouTube channel and our Instagram page for all of the latest! Don’t forget to like, subscribe and leave us a comment!
You can also join my free Telegram channel, where I share market insights real time throughout the week, articles, videos and more!
*This is for informational and educational purposes only. There is an inherent risk in trading, so trade at your own risk.
P.S. Want to Trade Unusual Options Activity? Learn From the Master
In case you missed it, my boy Lance Ippolito gave away some of his best trading secrets this week… ON THE HOUSE!
He also gave a step-by-step lesson in how he trades unusual options activity… It’s a process he uses to spot moves like this…
In the case above, he caught some trader dumping a heavy sum of cash into a cheap options contract.
When some high-dollar trader’s loading up on call or puts before a big event… Don’t you want to know about it?
Of course you do!
It’s one of the best ways to get in front of earnings beats, news releases, catalyst events, buyouts…
And it’s the main reason he’s been trading on unusual options activity for the past decade!
