Whipsaw trading can really put a damper on your portfolio, so let’s take a step back right now and do a quick mini-lesson on technical analysis and MACD Divergence. After looking at charts for the past 5 days sitting on mostly all cash heading into expiration, I’ve noticed that the technical are flashing some important warning signs. Mainly I’m seeing a whole bunch of divergence.
And rather than bore you with chart after chart in a full length post, I decided to do another video. You can always catch HD updates on our YouTube channel.
Trading into the short Thanksgiving week should be fairly light in volume but that doesn’t mean that there won’t be more trading opportunities. Add your comments below and let me know your thoughts on the charts I went over and how you see the market shaking out through November.
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I've been told by tons of people that you've got to either have a lot of money or a really killer system to trade options and win. Some new indicator or signal that will transform your portfolio.
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Instead of learning these lessons the hard way (i.e. losing your shirt in the market), why not take my free 4-part video course as I cover each area in detail. Plus, I'll go over the exact checklist I use for selecting trades each month!