It’s been a tough way to start the week, with red everywhere.
The S&P 500 has fallen out of bed from last week’s all-time highs.
Today's unexpected move lower has traders scrambling to adjust positions.
That means we are seeing a lot of noise and it's going to take a little bit of time for this market to sort itself out.
The good news is there will be a lot of opportunities, but you don't need to jump in today.
It’s painful when you look at the big red numbers the mainstream media like to show every few minutes.
But it’s normal to see the markets rotate.
In times like these, I use a trick I learned on the floor: I put a piece of electrical tape over my PnL — profit and loss statement.
This helps block out the noise and control your emotions.
Even after a bad day, the best traders show up the next day eager to see what opportunity may come to them.
Emotional traders and money managers stand to get burned in the short term.
The key is not to get frustrated and make rash decisions. Remember, in the long run, strategic moves will produce more winners than losers.
At Hot Money Trader, I promise to navigate you through any market and come out on top.
I will always provide you with the best stock recommendations for large potential moves following the Hot Money.
Sticking to our system will give us our edge through discipline and confidence.
I'll have your newest Hot Money trade for you tomorrow morning.