I hope you stayed safe this morning.
Because it was an absolutely wackadoo session!
At 10 AM Eastern we had a big reaction off “JOLTs” Job Openings news.
The “Jolt” sent the S&P500 crashing down a full 70 points.
Now, we have been shooting up for the past few days so a correction was likely.
We also have worries about needing to raise the US debt ceiling asap…
But while it’s fun to guess which news events caused a reaction, all we need to look at is the price.
The price tells us everything,
And it told me to sit out until a new Point of Control was developing that I could profit from once the violent action had died down.
As you will see on the Daily Profile Show, I got a good trade in before lunchtime, getting me back to $400 in profit today.
Like I said yesterday it’s super important to wait for clean bread and butter setups where you know you have a clear edge.
Today’s DPS: Profitting After a Huge Price Drop
Tomorrow we’ve got FOMC, on Thursday an ECB decision, and on Friday a Fed Interest Rate decision!
Which means a TON of volatility around these times, so be SUPER careful, yeah?
On the flip side…
So much opportunity in these markets!
If you want my help developing your edge then have a chat with us about the Profile Method.
Learn to use my favorite institutional-grade tools and the true secrets of high volume nodes…
Inside, you’ll join a bunch of your fellow traders in our mastermind and receive live mentorship with me.
Our focus will be on profiting from the markets using prop firm capital to build your own trading account.
This is the ultra-safest way to keep losses super small, and profits uncapped.!