Webinar Recap: How to Handle Changing Market Conditions
For the past few years, we were lucky enough to enjoy trading a bull market. Life was good. We didn’t need to do much more than buy on the dips to grow our portfolios. Then August and September hit, and things changed – a lot. A bear market took hold, and suddenly our old strategies don’t work anymore.
Naturally, changing market conditions require different strategies, which was the focus of this week’s option trading webinar. The trick is to let go of expectations and in the webinar I explain how. This was a fun webinar talking about awareness and style of trading. The awareness stems from being able to identify when it is safe to be in markets and when it’s right to step aside. What is the style you prefer – day trading? Swing trade? There are different ways to approach trading, and we have to be aware what environment works for us.
I took some questions and went over some charts, and offered everyone an incredible deal to come to the special online seminar with myself and Chris Versace on Oct 3.
This Week’s Market Action
The Fed has had everyone on pins and needles, but surprisingly, the markets seem to be taking it in stride. That’s not to say market conditions have improved, of course. The VIX continues to race downward, smashing premiums and puts/calls. However, indicators are looking better. As always, we pay attention to the charts and wait for opportunities.
We are still in the throes of bear market action, make no mistake. The recent rally is a vicious bear market rally, don’t be fooled. We still have not tested those lows, and that may very well come to pass sooner than you think.
Watch Bob Lang’s Options Trading Webinar
Watch the webinar to learn how to handle changing market conditions and get an update on this week’s market activity.
If you love the insights you gained in this webinar, don’t miss your chance to join us live. Each week I host a FREE options trading webinar during to discuss recent market action, current plays and charts of interest, along with the trends that may affect future action. Join us live and get your chance to ask your own trading questions!
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