Over the past couple weeks, the market hasn’t given us much to work with. The ebbs and flows of buying and selling has lead to market that has remained sideways for most of the month of April. This is rather unusual as April is usually regarded as a time where seasonality points in a bullish direction.
However, it tends to be times like these where you can really grow as a trader, these are the times you can really practice patience. Patience and discipline to not chase trades or trade out of boredom. This is your hard-earned money and you should be disciplined with it, not throw it around willy nilly, looking for the quick hit of dopamine you get when you put on a trade.
A sideways market like this one can be traded, but thats a different type of trading. Scalp trading is a style of trading where you’re in and out of a trade sometimes in minutes. It’s quick and it requires you to really be paying attention to where the range is. Your levels need to be mapped out and your timing precise. Not exactly our style of trading.
Instead, we wait for well-defined directional moves and time our entries accordingly. In a market like this, we have no real direction or trend we can hop into, so we generally wait until the market presents us with something worth trading.
But… a congested market means one thing, we are poised for a breakout or breakdown. Moreover, the longer this period of congestion wears on, the bigger the coming move, generally speaking. Will you be ready? Check out the video below for more!
If you want to learn more about my strategy and how we find trades that consistently net us over 100%, you’ll have to join my Smart Trades options trading service today! Smart Trades is where I teach my students how I trade options on some of the largest ETFs on the exchange. As you learn, you’ll get exclusive access to all my trades with notifications any time one is put on. Now, you can learn how many use this high-income skill to achieve financial freedom. Join today!
I look forward to trading with you, but until then, as always…
