The month of September may have been a bust month for many with the start of Aug.24th sell off of the S&P 500. The DOW was down over 1000 points in early trading, Oil was down below $40/barrel, and the Chinese did a “surprise”devaluation of their currency signaling the Governments concerns of its slowing economy. While every thing else was going south, the Chicago Board Options Exchange’s Volatility Index the (VIX) briefly jumped to a level not seen since the intensity of the financial crisis. I must say, September was one of my most profitable months. I thrive in bearish conditions since 90% of my trades are short. The high volatility enables me to increase my profit by taking advantage of large swings within stocks or an ETF.
Many traders are speculators. They want to analyze the markets. Gather historical data to predict future events. I am a trader, and I am extremely short sighted. I analyze current situations as in day/hour charts to capitalize on the current move. My ability to act rather than assume, narrows my mistakes and increase the probability for profits.
If you want to maximize your profit potential in any market, the key is to zone out all the noise and focus in on what you see and Not what you “think”
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