Mar 27 • General discussion
MINDSET IN CURRENT MARKET
EagleTrade Family.
Let me be straight with you.
The market has been brutal. Setups are breaking down. Gains are being given back. And if you’re in your first weeks of options trading, this is probably the toughest baptism you could’ve asked for.
But here’s what I want you to hear: it’s not just you.
I shared the email from the founder of the US Investing Championship earlier this week. Only 20% of professional competitors are showing profit right now. These are people who do this full-time, at the highest level. If they’re struggling, there’s no shame in what you’re experiencing.
The VIX topped 30 recently — that’s the fear gauge going red. The S&P 500 is down nearly 5% this month, weighed down by oil prices, geopolitical uncertainty, and rising recession fears.
This is a real storm. Not weakness on your part.
So what do you do?
First, if you’re sitting in cash right now, that IS a position. That’s discipline, not defeat. Nothing wrong with protecting your capital while the dust settles.
Second, for those interested in building long-term wealth through shares, this is actually a compelling window. The fundamentals on our runners have not changed. Strong companies on sale are still strong companies. History shows the market bounces back from rough starts more often than not, and usually the rebound is strong. If you ever wanted to start building a portfolio of shares alongside your options game, pay attention to these prices.
Third, for those still looking at contracts, be patient and be selective. I can see the market testing lower levels before it finds its floor. That’s normal. Don’t force plays. Only take trades with your name on them.
We don’t panic. We don’t guess. We wait for the right setup and we execute.
The goal was never to get rich in a bad week. The goal is to still be in the game when the good weeks come back.
And they always come back.
Trade wisely. Stay sharp.
Aziz | EagleTrade
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MINDSET IN CURRENT MARKET
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