If you have been keeping up with the stock market or the news, then you know we are in a volatile time with the stock market. The Bears are in town (and we don’t mean the football team…)
While this may instill some fear into some traders… the members at Power Trades University have not only had the chance to save their trades… but also take any potential profits off the table as well as the opportunity to make more profits on the bearish side.
How?
I posted a 17-minute update inside the Power Trades University forum for *members only* on May 7th 2019 for a plan to capitalize on the bearish action…
And I am sharing this exclusive update replay with you:
KEY TAKEAWAYS
Patterns
When you have the knowledge to read and analyze stock charts – you can IDENTIFY patterns. And this is so key in being able to detect the next moves of the market and where you can salvage your account – and even take some major profit.
As we analyzed the S&P 500, the NASDAQ, and the COMPQ (signifying the overall market) – we were able to determine that we were at an all time high just as we were before. As we zoomed in, we detected a similar pattern which could indicate a pull back (that the market may go bearish, or down).
We saw the tap once, the tap twice, and then the roll over on the chart back at the end of last year. The same thing recently occurred (see screenshot below)
Because we detected this – our members and myself inside of Power Trades University were able to be CAUTIOUS with any bullish positions. Meaning we closed them out and took any potential profits that we had. It also meant for members who were not in any current bullish trades at that time that may be best to sit on the sidelines and wait, if they couldn’t handle the volatility.
How could this crucial information have potentially helped you and your trades?
What happened next….
The market did JUST WHAT we thought would happen according to what the chart said was going to happen (which is what we teach in the Foundations course…)
That’s the power of insight, education, and being able to detect predictable, repeatable patterns.
Life Events
Life events also cause similar patterns – which is why tuning in to the news and what is happening around you is also crucial to protecting your account.
At the end of last year, the FED spoke and caused a bit of stress – which caused a pull back. Then there was talk of trade wars. What happened then? The stock market went majorly BEARISH.
Fast forward to today….
Well… the FEDs spoke again. There’s more talk of trade wars. So what do we do? Go to the charts and analyze how that impacted the market before.
With these similar life events, we were able to be cautious as we proceeded with our trades.
Not only were we able to close out any bullish trades and take any potential profit, but also detect some new bearish trades.
The Key: You do not want to be caught off-guard
That’s why being a part of a community and getting coaching is so important as we navigate the uncertain stock market waters. This is why I am passionate about teaching it inside of Power Trades University.
Potential Bearish Trades (Put Options)
**At the time of the recording of the mid-week update for the members on May 7th, 2019.
Once we detected that the bears were probably coming back through town… we were able to focus on potential bearish trades BEFORE the market did what we thought it would do, based on reading the charts. That means we arrived early to the party to maximize any potential bearish profit.
MGM (MGM Resorts) was a slower mover in a downward direction, but we detected it would continue to fall. I also coached the members through having a stop or an alert in case the trade reversed.
MU (Micron Technology) was consistently hitting a new area of resistance on the chart, which could be an indication that the stock is rolling over.
CRM (Salesforce) gapped down and fell 5 dollars and continuously is channeling down from resistance, which could be potential a great short trade.
XLK (Technology Sector) is also starting to roll over (at the time of the recording) and is about to break through support on the chart.
XON (Exxon Mobile) could potentially drop 8 points based on the channeling box it is currently in and headed downward.
The Key: Learn how to read charts to detect patterns early and have a game plan if it does what you don’t think it’s going to do.
In just 17 minutes, we were able to salvage our current bullish trades and find 5 potentially profitable bearish trades – all with detecting the turn of the market.
And guess what?
The market did just what it did last time around this level – it sold off!
That is the power of having the education you need to read the charts – that is the power having a community to share ideas and detect major pattern changes in the market. And that is why I LOVE teaching this stuff!
I often discuss the need to continue your education in whatever field makes you better – especially financially with respects to the market.
I share this post with you (that typically is ONLY for those who are members inside of Power Trades University) because of the value that it brings and to show you that it works.
Because without this community and forum, our members may have had a huge downfall in their trades. They also may have missed on the opportunity to take some potentially profitable positions in a bearish market.
What about you? Could these 17 minutes have saved your current trades? Gave you some ideas of how you could potentially profit from the market heading down?
Wherever you plant your education and community flag (*hint hint wink wink*: we would love to have you inside Power Trades University) – either way I wish you the best in this market. Comment below – how are you fairing in this bearish market?