Follow Andrew Keene Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
We finished our second straight week of stock gains on Friday. Where we go next - well, it's not so simple in a market like this.
We haven't seen the last of the downturn, with all the uncertainty that will still weigh on markets.
We're still in bear market territory with more downside pressure ahead.
Don't let that scare you. In fact, a bear market is my favorite kind of market to trade in. Back in 2008, when markets fell 50% from their peak, I made $5 million in less than two years. So rest assured that a bear market isn't one without opportunities.
Trading is just one step in a solid bear market profit plan. Another is knowing which stocks to ditch, to keep them from dragging down your portfolio. Even if they're seeing rallies right now, it's likely those are short term with no real earnings or growth to support the gains.
But even considering that every single stock in the following list will head lower, with the power of options, you can expect to profit off a stock that is tumbling down, flying up, or stuck sideways...
About the Author
Andrew Keene is a globally known trader and a renowned expert on all things options.