From Steve:
We've switched up our game plan recently to adapt to an increasingly volatile environment.
Anything that carries a broad market correlation has been getting rocked. Longs haven't worked.
We anticipated this selloff and got short the right things at the right time, so we've been taking big profits this week.
But, that's just the thing…
We are already up 260% on our homebuilders short, 450% on banks, and 360% on biotechs.
These were tactical trades, and they are over now. The market is in washout territory. It's not time to press shorts.
I've unlocked all of the original trade idea posts. Click the links above to check them out.
It's time to shift gears.
Right now, I'm laser-focused on adding long exposure while everyone panic-sells.
The team and I have been scanning for pockets of strength and momentum through the recent volatility, and we have a list of setups ready to fire. We put the first one on today.
We plan to selectively add some long call positions in the coming days and weeks. We should be able to nail some great entries and ride a counter-trend rally higher.
I'll hold some of my put exposure as disaster insurance. It's already paid in full, and good to have in times like these.
When it comes to US equities, we're all about the quick hits in this tape.
We'll take shots on the long side and trade rebound rallies. They are actually fiercest in bear markets. It's perfect for our system.
And we'll also systematically add puts and fade these mean-reversion moves when the right opportunities arise.
We'll ride the waves in both directions. It's what we've been doing for a while now.
If we continue to take quick profits on doubles, the multi-baggers will come.
Join us risk-free and get today's trade. It's just our first shot at buying this dip. We'll be taking plenty more soon.
- Steve
