How To Be Flexible With Market Changes
Oct 17, 2023
THE WEEK
Last week was the start of the earnings announcements for the end of the 3rd quarter. For the next 2 to 3 weeks, we will see heavy announcement activity. In an already uncertain Market this will cause even more volatility.
LOOKING AHEAD
Lots of stocks will be reporting their 3rd quarter earnings this coming week. This causes more uncertainty in their price action. We don’t know how they did financially until the announcement but more impactful on their prices is how the trading herd will react. I have seen sell off’s and buy in’s at announcement with no correlation to the reports.
Along with the impact of earnings are economic events. This week the FOMC chair, Jerome Powell, will speak on Wednesday. Finally, I am watching to see if there is any impact on prices from the Israeli/Hamas conflict.
HOW AM I DOING?
Again, my gains this week OK but nothing to get excited about. It was hard up then hard down. Quick day trading works but not too much else for the trading styles I prefer. And I am still dealing with the stock I got put to a couple of weeks ago. I have been selling covered CALLS waiting for the price to recover.
A key to my trading success is having a good watchlist of Tickers to trade. I divide my watchlists into categories and am constantly updating the lists. As the Market shifts I am quickly able to adapt with my dynamic list of possibilities to trade. I do post my updated watchlist weekly on the website but I get a lot of questions about my process to create the lists.
This week’s Thursday DEEP DIVE
The Process of Generating a Useable and Flexible Watchlist
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☑️ Have confidence in making trade decisions for yourself?
☑️ Create wealth even in the most volatile markets?
☑️ Have peace of mind about your financial future?
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