More Opportunities For Traders To Multiply Their Money

What a year it’s been for the markets.

Historically, the last few days of the year are snooze fests. Traders pack it in for the holidays and gear up for a fresh new start. However, what we saw this week was unprecedented in terms of market volatility.

Here are some fun facts about this December’s trading month:

• The Russell 2000 and Nasdaq fell into bear market territory.
• The S&P 500 had more volatile sessions in December than it did for almost the entire year in 2017.
• No green days on Fridays for the S&P 500: 12/7 -55 points, 12/14 -43.5 points, 12/21 -65 points, 12/28 -8.5 points.
• Barring some market magic, this will go down as the worst performing December in stock market history (click here to find out how to make money when stocks are crashing)
• The Dow rising by 1,000 points in a single day (largest point gain ever) on December 26, 2018.
• The following day the Dow dropped by more than 600 points during the session, only to make a ferocious comeback and close green +260 points.

Which leads us to this question: “Where do we go from here?”

Unfortunately, I did not get that crystal ball I asked Santa for this year. Luckily though, I’ve never needed it to pull profits out of these markets.

That said, 2019 is going to be the year of specificity.

Gone are the days of your elbow accidentally hitting the buy button on a FAANG stock and making money.

But guess what?

All this added volatility will create more opportunities for us to multiply our money. You think I’m joking, check out some of these trades I nailed in the fourth quarter of 2018.

Those are some sweet trades… but I’m already looking forward… hungry for more.

Your Jump on the Trading Week

With 2018 coming to its end, traders are scrambling to figure out how to navigate through this volatility.

My key takeaways from 2018’s volatile trading are:

• Respect technical indicators, key support and resistance levels, as well as implied volatility levels.
• Know when to press it
• Cash can be a position
• Pay yourself when you’re right and don’t get greedy

I’m going to remain focused on these themes from 2018 and build on them.

That said, its time to shift our attention to what 2019 has in store for the global economy, politics, and markets.

Now, there are uncertainties, and I’m going to remain patient, cautious, and focus on specificity.

For the first week of 2019, here are some market-moving catalysts to keep an eye on:

• Purchase Managers’ Manufacturing Index (PMI) Manufacturing Index on at 9:45 AM ET Tuesday, January 2, 2019.Economists are looking for a level of 53.9 – indicating a potential slower month over month activity in the private sector economy.
• Thursday, January 3, 2019, is filled with economic news.First, we’ll be keeping an eye on the ADP Employment Report at 8:15 AM ET. The ADP employment is expected to come in at 175K. This will give us an indicator of how strong the economy actually is based on national employment data.Jobless Claims at 8:30 AM ET. Traders are looking for new claims to come in at 213K. If there’s a surprise and there are more jobless claims than expected…look for an increase in volatility.

  At 10:00 AM ET – the ISM Manufacturing Index (Consensus estimate is at 58.0) and Construction Spending (Consensus month over month change is 0.3%) will be reported.

• Friday, January 4, 2019, will provide some clues for the economy.Employment Situation at 8:30 AM ET. Here’s what economists are looking for:
  Source: Econoday

  Federal Reserve Chair Jerome Powell will be speaking at 10:15 AM ET. We’ll be listening to this speech closely.

On a final note, I really do think this will be the year for the options trader.

Why?

It’s become extremely difficult to hold overnight positions and sleep comfortably with all this volatility. That said, with options, you can define your risk and still keep the upside.

You see, one of the most common problems new traders have is not holding on to winners and letting profits ride. However, if you are holding options, you can benefit from these overnight gap moves if you are on the right side of the trade.

That said, if you are ready to take your options trading to the next level, I Invite to join my top service at a severe discount. However, if you want to get it for an even better price (FREE), just join Millionaire Roadmap. For just a few more days, WMM will be included as part of that package for free.

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