Hey traders,
I’m still here in Rome, but I’m about to jump on a plane back to Florida soon, so this will be a quick update.
If you’ve been following along, you’ve heard me talk about my “dip and rip” prediction for the markets. And from the looks of October’s trading action, it already seems to be playing out just like I expected.
Maybe you even read my post last Friday, where I broke down the three types of trades I’m personally using to take advantage of this rally.
Now remember, those trades aren’t some speculative shot in the dark. They’re higher-probability income plays where I’m selling options instead of buying them.
Well, today, I want to give you another way you can up your odds of winning trades.
See, just because I’m expecting the market to rally doesn’t mean every stock’s gonna ride that wave.
The truth is, even in the middle of a rally, there are going to be losing stocks. And picking stocks in this market (or any market) isn’t like throwing darts at a dartboard and hoping you hit a winner.
No, we’re serous about this.
So how do I improve my chances? I focus on stocks that are already trending strongly.
I’ve laid out the exact process I use before, but here’s the quick and dirty version:
I look for stocks that are hitting new 52-week highs, have solid trading volume, and have been in a bullish trend for at least four months.
That’s how I up my odds.
And if you want to up yours, I suggest you do the same.
Alright, I gotta catch my flight, but I’ll be back soon with more on how to navigate these markets.
Trade well,
Jack Carter
P.S. Nate Tucci’s got his own solid plan to play the market melt-up. Check it out!
