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Profit from the “Fear Trade” 💰

Profit from the “Fear Trade” 💰

This might be a new tool…

August 06, 2024

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We saw an excellent market reversal today. I ended up taking a few new positions, though I don’t trust them, and I don’t plan to hold them very long.

Remember, global markets have suffered a lot of damage over the last couple of weeks. It won’t magically repair itself quickly.

Take it for what it’s worth, but I don’t think anyone should become too complacent about trades right now.

Just because the market is up one day doesn’t mean a nasty “rug pull” couldn’t happen tomorrow.

In fact, I fully expect markets to have another big down day soon.

Because of that, I started a new trade on UVXY late this afternoon.

While this was just a “hedge” against my long positions, it really jumped in the last few minutes of trading today, and I sold half of it to lock in a nice one-hour profit….

Note: Trading is hard, results not guaranteed and should not be expected to be replicated typically.

UVXY is the “fear trade” bet, and it should profit if markets drop again. I expect to see UVXY retest the $50 level again this week (though I will probably sell the rest a little before $50 since I am up so much now.)

On the hourly chart, I actually like QQQ a lot right now, though. I think tomorrow will be an important day to see if this rally has legs or not.

I keep saying that even though the markets are ugly, it remains a “stock picker’s market” right now.

Today proved my point.

I picked a pretty good one. If you opened your email before the market opened, it was especially good!

That stock idea I sent you jumped over 20% during the day and even managed to close near the highs (I wish I could say the same for the markets!)

Pretty great day, huh?

Lots of opportunities today, and it really shows what a strong company this is. I hope you spend time looking into it more if you haven’t already.

Tomorrow, I am going to take one more shot at a small-cap momentum stock.

I talked to you about this one a few months ago, and I think now is a great time to revisit it again.

As usual, if you want all the details early just refresh this link at exactly 9am EST tomorrow.

It’s not hard. Just set a reminder on your phone right now so you don’t forget!

This is another small, momentum stock trading around $1 right now.

I think it has great short-term potential from here, no matter what happens to the market.

Make sure you check it out first thing in the morning.

To Your Success,

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