Sideways markets aren’t fun for anybody

Here's what I'm doing right now ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

View in Web Browser A lot of folks think that because I’ve traded for a long time, maybe I have a secret formula to trade sideways markets like these.   Nope.   Sideways markets are a killer for trend traders.   And maybe I’m supposed to keep that under wraps, and not tell you, and pretend there’s some big, awesome way to predict exactly how the market is going to turn.   But right now, there isn’t.   Some stuff is working.   Some stuff isn’t.   I have paired back my effort to find new trades until the market direction gets cleared up.   Hopefully, we won’t be sideways too much longer after 2 months of this crap.   I do have a less cutting edge covered call strategy going while everything is sideways.   Let me tell you about it in a moment. Learn to Build a Watchlist from Rob If you didn’t get to see it, Rob taught traders how he builds his watchlist Sunday morning.   Rob builds a watchlist every single day. It’s what he brings into our early morning coaching sessions to work with.    Remember, you can only find the best of the best trades if you narrow your focus, and that starts with building a watchlist.   Catch a replay of Rob’s class here   If you didn’t get to see it, Rob taught traders how he builds his watchlist Sunday morning.   Rob builds a watchlist every single day. It’s what he brings into our early morning coaching sessions to work with.    Remember, you can only find the best of the best trades if you narrow your focus, and that starts with building a watchlist.   Catch a replay of Rob’s class here   This covered call strategy I’m using is all about making little gains. And I mean little.   I have been looking for stocks with a very high IV that have an uptrend.    This next part even blows Rob Booker’s mind…    Many times I sell IN THE MONEY, current week expiration calls to give some downside protection, yet still generate 1-5% return on the money used just that week.   The intention is to get the stock called away and make the predetermined % gain. Close the trade and move on.   No, that isn’t flashy. But remember, 2% each week for 52 weeks is over 100% return in a year. Without compounding.    I use this strategy on RIOT and MARA quite often. I currently have one on IVR and CLVS.   It’s not a sports car trading system. But in these miserable sideways markets, it’s enough to get by.   Hope you’re well,   Jeffry Unsubscribe | Sent by Jeffry Turnmire 101 Marketside Ave, Suite 404 PMB 318 • Ponte Vedra, FL • 32081