Howdy traders, it’s Bryce here.
It’s only the second week of 2023 and this volatility is about to melt my face off.
In Monday’s video I was bummed the SPY looked weaker. But yesterday it surged back to recent highs on a breakout.
And a lot of tickers ran with it!
Have you seen Bed Bath & Beyond (NASDAQ: BBBY) lately? …
Aehr Test Systems (NASDAQ: AEHR)? …
Broadwind Inc. (NASDAQ: BWEN) alone spiked over 100% yesterday …
There have been amazing profit opportunities so far this year. All right at my fingertips. And yours too …
Trading can be risky, but honestly, not as risky as most people make it out to be.
Yes, some have lost millions of dollars from stock trading. And there will be people in the future that lose millions more. But it’s all because they don’t understand how to play the game.
I faced a lot of criticism in the beginning for choosing to trade. Mostly from my family and friends.
It totally makes sense in hindsight. They were just trying to look out for me. And EVERYONE hates on trading because they’re told it’s incredibly risky.
It can be … but only if you don’t follow the rules.
Your family will probably still take a few jabs at you for trading. But if you follow this process, in time they’ll recognize your success and back off.
That’s what happened to me.
Let’s get to it …
First, A Major Catalyst
2023’s been red hot so far.
But today the U.S. Bureau of Labor Statistics will release CPI data for the month of December.
The CPI is an inflation measure and will directly impact the FED’s next interest rate decision.
High inflation data today could lead to a bearish market in the near term. I always keep the market sentiment in mind as I trade.
In a bullish market, I get aggressive. In a bearish one, I’m more timid. It all depends on how many potential plays I see. And there are always more during bull markets.
Wait for the market to choose a direction after the CPI data. That’s how we gauge sentiment.
With that in mind, there are some traders that can profit on both sides.
I’m not there yet. I like long setups the most (as opposed to short setups).
But ultimately, the goal is to become proficient in both markets. That’s where the most profits are.
That’s what Mark Croock’s been able to do recently. Over 100% consistent profits in less than 24 hours. Regardless of market condition.
I’m attending his strategy tutorial on January 18 at 8 P.M. Eastern.
By all means, feel free to join me.
I don’t know how many people they’ll let in … too many and the system starts to crash. That used to happen a lot before they capped attendance.
And bring a notebook.
See you in chat.