March has been a rough month for traders and investors, so during today’s webinar, I talked about the very different trends we have started to see develop. With some markets up and others down this is truly a stock picker’s environment, and given the continued accommodation per the Fed, stocks are still the place to be.
So yes, there are options trading opportunities – if you know where to look. I shared some of the ideas and trades that I have my eye on, including Facebook (FB), Urban Outfitters (URBN), AbbVie (ABBV), SanDisk (SNDK), and Merck & Co. (MRK).
I also talked about the importance of good money management and being sensible when managing trades, two topics that are always important but even more so when the markets are on a roller coaster ride. We all have the tendency to stay too long in a trade, for fear of missing out (FOMO) on banking an even bigger win. But that greed needs to be squashed, as finding great options trading opportunities and booking profits – not monster profits – is what this game is all about.
There were some really great questions from the audience, so stick around til the end!
