May is not known for being the kindest month to the markets.
And that sentiment is ringing true - as May 1 came and went ridden with volatility.
Now, there's a saying that has been passed down for years: "Sell in May and go away."
But the truth is, when you sit on the sidelines, you typically miss the biggest profit opportunities.
That's why today, I'm going to give you a new set of tools that will help you master your May trades.
Here's everything you need to know...
While the May market may bring more uncertainty - by looking into stock market charts, you can learn and anticipate what may come your way. So you don't need to take a break from trading. In fact, it's quite the opposite.
Stunning: New Innovation Will Be Like "Adding Twin Turbos to the Bitcoin Engine" - and Could Send Its Price to $100,000. Learn More...
Now, here's what we got...
Support and Resistance Levels: This technique helps you identify the next big move - whether it be higher or lower. It uses consolidation, double bottoms, lower highs, and more to help guide you through uncertain markets.
Channels: I do a lot of channel analysis - but I do something different than the rest. I don't look at the highs and the lows together. Instead I factor in whatever noise is in the market with the current highs and lows.
Probability Cones: When looking at probability cones, you look at what the market has done in the past, looking into the implied volatility through the options and then creating a statistical cone of probability that you can use in the market going far. Probability cones use standard deviation and statistical probability to predict where the market will stay over an extended period of time. Now, they won't tell you when the markets will go up and down, but they can tell you where the market may be heading next.
Overall History: As I said earlier, history shows us that the month of May isn't very kind to the markets - and uncertainty is high. Uncertainty doesn't tell us whether the market will go higher or lower, but it does let us know that volatility isn't necessarily going anywhere anytime soon.
And remember, over the next few weeks, be cautious, set your stops, and tighten your profit targets as well, so you can take your profits the second you get them.
Don't get overwhelmed by any "May market blues" - stick to your strategy, trust your plan, and use the education you have in place to help you make the best decision for your portfolio.
[mmpazkzone name="in-story" network="9794" site="307044" id="137008" type="4"]
Now, you know I'm a big believer in the notion of "learn while you earn," which is why I'm opening the doors to a brand-new profit-packed research service I'm calling the Fast Fortune Club.
This membership is for anyone who's tired of playing by Wall Street's game - the idea that you can't beat the markets and you shouldn't even try... that 10% a year is the absolute best that any individual investor can ever hope to achieve.
It's for anyone who knows there has to be a better way to build your wealth. You know there has to be a way out of this rat race...
As a member of Fast Fortune Club, you can easily learn how to beat Wall Street at its own game using the fastest-growing moneymaker they don't want you to know about: options.
Each and every month, we'll target two low-risk options trades with high profit potential - we're talking expected gains of no less than 100%.
I'll show you, step by step, everything you need to know about trading options and how to make the perfect trade - using the same methods I used to train over 300,00 investors how to become master traders.
And the best part is - it'll only take 10 minutes a day.
Just think about it...
In the time it takes to make an omelet and fill a glass of orange juice, you could be well on your way to getting out of the rat race - forever.
Click here now for all of the details on this incredible opportunity.
The post Here's How to Beat the May "Market Blues" - Right Now appeared first on Power Profit Trades.
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.