Markets were mixed today as traders processed tariffs and tried to get a grip on where their impact will be felt. On the heels of last weeks churn the market is continuing to stay soft and is looking for some type of trend. This is likely to create a range bound market that slides sideways for the near future at least.
Options are incredibly useful tools for managing risk in a relatively rudderless market. And the crazier things get, the better it is to keep your trading as simple as possible. By knowing and limiting your risk with options you can grab income from the sporadic moves ad traders look for a direction and still keep your downside to a known amount that you deem acceptable before you enter the trade.
Wendy does a great job with this in her One Ticker Income Plan. By focusing on one ticker it removes a massive amount of noise in a crazy market that can cause you to miss the best setups.
If you haven’t checked it out yet click here for a quick look at the amazing results it has produced.
Keep learning and trade wisely,
John Boyer
Editor
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