Hey Traders,
Yesterday was one of those days that makes you go, “Whoa!”
The market took a nosedive, and suddenly everyone wants to know, “What’s going on, Jack?”
The Big Sell-Off
Monday saw a sell-off like I haven’t seen in a long time. It was like a wave crashing over the market, and folks I haven’t heard from in ages were calling me up, asking what to do.
Here’s the thing: when the Dow is down 1,000 points, that’s not the time to panic and sell!
Don’t be a panic seller!
If you sold Monday out of fear, you probably noticed the market bouncing back the next day, which means you’re likely buying back at a higher price.
It’s a common mistake, and it’s why I always emphasize having a strategy. When you panic, you’re at the market’s mercy.
I got a call from someone yesterday who was on the verge of a margin call and panicking about going broke.
Here’s a golden rule: only use money you can afford to lose in the market.
Imagine putting a lit lighter to a dollar bill and not worrying about it as you watch it burn — that’s the kind of money you should be trading with.
Everything else should be somewhere with less risk, like U.S. Treasury bills.
Why This Drop Was Healthy
Mainstream media was buzzing with comparisons to 1987, but let me tell you, this isn’t a crash.
The market going down was actually healthy and necessary. It sounds strange, but sometimes the market needs to dip before it can go back up stronger.
It’s about changing hands, resetting, and gearing up for the next move.
And here’s a reminder of something I always say to you: Even on a big down day like yesterday, there are bright spots.
Can you guess how many companies made new highs while the rest of the market was selling off?
Take a guess….
18! Yes, 18 companies hit new highs.
It’s a reminder that there’s always a bull market somewhere. You just have to know where to look.
Here’s an article I wrote a while back that shows you how you can do that.
Trade well,
Jack Carter
P.S. $8.8 billion is sitting on the sidelines and starting to pour into markets. But it’s not going evenly into the market… some stocks are attracting WAY more buy orders than others…
And this Thursday @ 12pm Eastern, I’ll be LIVE revealing the top 3 tickers getting this flood of cash! Click here to reserve your spot!