The Splash Zone Is Profiting In This Market Choppiness

There are a couple of things that seem to trip up traders the most.

The first one is when there is a transition underway in the market from a bullish scenario to a bearish outlook or vice versa. 

The second comes in the form of when you have an extended period of choppiness. 

Right now the argument could be made that we are experiencing both. The second scenario is for certain as we have been trading sideways the entire month of March. The first example could in fact be happening after the price action we saw on Friday where price shoots up to new all-time highs on the S&P 500 and then has a complete meltdown thereafter. On the Nasdaq you had a huge bearish engulfing candle pattern. 

But the key to successfully trading either or both markets is to know when to get out of your current positions. To capture the gains that you have and not hold out for more at the expense of losing what you already have.

Today that is exactly what happened. I went into the day with members of the SharePlanner Splash Zone with 5 long positions. By the end of the day I have sold all of those positions and initiated one new short position, making it where, I was 10% short and 90% cash, while I was also able to book the profits on my remaining positions with winners like BBY (3.6%) and BWLD at (3%) and a net gain overall on the day. 

It wasn’t an easy day of trading, having to navigate through the turbulence that the market offered, but at the end of the day, we took profits, in a choppy and possibly transitional market and set ourselves up for what lies ahead for next week. 

My objective is to remain profitable no matter the market and no matter the circumstances.

Today was about doing that and protecting the profits that I and members of the Splash Zone had, and we successfully did that. 

If you’d like to join us for next week, subscribe today and you will have a free 7-day trial which you can cancel at any time and at no cost to you. With your subscription you will receive real-time text and email alerts as well as access to my real-time trading room where I coach, teach and provide all of my trade and market analysis. 

With The Splash Zone, you will get my low risk and high probability trade setups that no other trading service can offer.

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