What I observed on my charts this morning reinforced something I’ve been telling traders for years: Keep your trading simple. The chart below shows a setup I found in IWM. This ticker is special and works like a Swiss Army Knife in trading—sometimes, it’s all you need. When I spot this pattern, I know the odds are stacked in my favor.

One stock ticker makes it easier to find great trade setups than all the rest. To simplify your trading and see what it is, click here.

The great thing is you don’t have to sift through thousands of tickers to find this setup, plus you get exposure to a diverse range of stocks. When I see the pattern on the MACD (Moving Average Convergence Divergence) indicator (more on that here), I consider a PUT based on the black line crossing BELOW the red line, signaling movement to the DOWNSIDE. I usually prefer buying a PUT at least a month or even two months out, allowing time for the move to develop. The MACD might indicate a potential move, but it can take some time to unfold.

Don’t get discouraged if a trade doesn’t play out as expected. The market doesn’t always move smoothly, but with persistence and the right tools, like the MACD, you’ll be able to reach your trading goals, even in challenging conditions.

I wish you the very best,

Wendy