My colleague Keith Fitz-Gerald told you yesterday how we could see a 3% to 5% market drop as more coronavirus news comes out. The Dow's lost about 1.8% since Friday.
Usually this week we'd be diving into earnings-related profits – it's one of the biggest earnings weeks of the quarter.
But that's getting overshadowed by virus-related volatility.
When markets have big down days – when the Dow drops 500 points and the S&P 500 drops 50, with reason to keep going – I think two things: 1) Where's safety? and 2) How do I trade it?
If you know how to answer both of those questions, you don't have to sweat market drops. In fact, you just use them to make money.
About the Author
Tom Gentile, options trading specialist for Money Map Press, is widely known as America's No. 1 Pattern Trader thanks to his nearly 30 years of experience spotting lucrative patterns in options trading. Tom has taught over 300,000 traders his option trading secrets in a variety of settings, including seminars and workshops. He's also a bestselling author of eight books and training courses.