Hey traders,
One thing I’ve noticed over the years is that most traders are always waiting.
“I’m waiting for the Fed announcement.”
“I’m waiting for the jobs numbers.”
“I’m waiting for this big announcement to drop.”
Hell, I’ve even heard some traders say they’re waiting on the weather forecast to see how that might affect their positions!
I don’t get it.
The way I trade — spotting a trending stock and selling options on it — doesn’t require me to wait around for all these so-called market-moving events.
Why?
Because the trend rarely, if ever, changes based on things like the Fed or a jobs report.
When a stock’s in a solid trend, that trend tends to keep going despite the noise in the headlines.
In fact, the noise often just causes a temporary blip in the chart — but it rarely impacts the bigger picture.
So I started thinking, “Is there any reason I ever wait to get into a trade?”
And you know what? There are two times I actually do wait:
- At the Market Open: I’ll rarely place a trade right when the market opens. I like to give it at least an hour, sometimes 90 minutes, to let the market pick a direction. The open can be chaotic with knee-jerk reactions, so I wait for things to settle before jumping in.
- At the Start of the Week: Over the weekend, a lot of traders think about the market and place trades that get queued up for Monday morning. The result? Monday can feel like a rollercoaster, with a lot of volatility as those trades flood in. I prefer to sit back, watch, and see what the market’s doing before making any moves later in the week when things calm down and a pattern emerges.
But other than that? I’m not sitting on my hands waiting for some magical moment.
I’m not trying to predict what the Fed will do or what some analyst thinks will happen with inflation. I’m focused on the trend — the thing that’s right in front of me, staring me in the face.
It’s all about sticking to a winning strategy, day in and day out, and not letting the noise shake you up.
So next time you find yourself waiting on the next big announcement, ask yourself: Is this really going to change the trend? Or are you just stalling?
The traders who win consistently aren’t the ones waiting on the sidelines. They’re the ones getting in when the market presents them with opportunities and not wasting time worrying about things they can’t control.Because when you’ve got a strategy that works, all that noise doesn’t matter. Stick to your plan, and the profits will follow.
Trade well,
Jack Carter
P.S. Nate Tucci’s about to reveal what he considers to be the Trade of the Year! And it’s probably NOT what you think! Get all the details right here!
