📈 Trading the Current Environment

Here's how to maximize trading in the market right now.

Current Trading Strategies I am Using

The market is difficult to trade right now. I have covered it ad nauseum, but the skew has changed and we are seeing more volatility and moves are happening quicker than usual.

You can be up in a trade and have those gains wiped out in a matter of minutes. Take for example the selling we saw in META at the end of the day on Friday.

Because of this, we need to adjust the trading strategies we are using to make money.

I am more careful about buying breakouts and am instead focusing on support and resistance lines and trading around them.

A good example is what we are seeing develop in NVDA.

Over the past few days we saw clear support and resistance lines established. By having these levels marked off, we can find optimal entries and exits for trades. I have been taking trades as daytrades, but potentially holding them overnight as swings if they act well and break resistance levels.

The other trading strategy you should be using is understanding key levels of interest based on anchored VWAP.

CHWY was a perfect example of this.

Look at how it went right to the anchored VWAP from its IPO and immediately sold off from there.

Anchored VWAP is a great indicator for telling you where people may be buying or selling and is especially effective right now.

For more trading strategy tips, watch the video below: