After a rally to close out last week, we had a strong open to this one. But the question I keep getting is… will it hold? The answer is anyone’s guess. This market has been anything but predictable lately. My gut says “stay bullish.” But contrary to what you might think, I don’t do all my thinking with my gut…
This week, I broke tradition. After scouring my scanners for any sign of worthwhile unusual options activity to recommend you trade… I walked away unconvinced. You can chalk it up to the ridiculous volatility we’ve seen lately…
If you’ve followed King’s Corner closely, you know all about my history… How I grew up as a kid with a knack for trading baseball cards… How I parlayed that knack into a trading job at the CBOE… How I almost lost everything I had there… And how I recalibrated on the other side of the world and made a fortune on the comeback…
This week was brutal. At the lowest point yesterday, the S&P 500 had dropped 3.7% since the start of the week… And the NASDAQ had dropped 4.4%. That was after the Fed took stocks to the cleaners on Friday. So, the question for us traders is: How can we stay afloat in this volatility? The answer is timing. Knowing when to act, and when not to, is a real skill.
What I do is probably simpler than any other trading strategy in this space. I watch unusual order flow from Wall Street elites, hedge funds, and institutions… And I mimic their positions. If they invest six digits or more in a specific option contract, I take the same exact trade and either put my own money into it or recommend it to you. It sounds simple… but it’s effective.
Financial Analyst
Founder, Agora
Chief Investment Strategist of Money & Markets
Editor of Alpha Investor
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Research Analyst
James Hickman (aka Simon Black) is an international investor, entrepreneur, [...]
Editor of Strategic Fortunes and three elite services