Buying Stocks After a "Boring" Election 😒

Amateurs think about how much money they can make. Professionals think about how much money they could lose.” – Jack Schawager

The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading… I know this will sound like a cliche, but the single most important reason that people lose money in the financial markets is that they don’t cut their losses short.” – Victor Sperandeo

Two trades…

The election is coming up. I would not put these trades on today, by any means but as traders we have to look forward. Prepare for what is ahead.

One you should start thinking about now…

The Vix.

It is sitting at a 12 handle but that is not a reason to buy it.

Let’s dispel some myths. Everyone is saying that this election does not matter because both of the candidates have already been in office. So, we wont see any volatility. LOL!

Does anyone really believe a US election won’t have drama? Does anyone believe with the two candidates that we have, that this will go smoothly. No. Look, I am not basing this trade on any fundamentals, I am just saying that there is a case for higher volatility going in to the election. This is very similar to our short term options trade in energy earlier this year. A good set up for an options trade is very rare for me. (For my trading style.)