Did you see the announcement today? Job losses are on the rise again, after shrinking for the last few months.
This raises the question about whether or not the economy is really stabilizing. You could ask 100 different economists and you would get 100 different answers.
Most people are scared to death about the state of the economy, especially after poor job data like was announced today.
But there are a small group of people who are doing back flips just thinking about all those people lined up at the unemployment office.
Who might these vultures be? Why, Traders, of course!
Of course, as a Trader, you don’t really love the idea of someone losing their job. You feel bad for those who are out of work, and wish there was something you could do to help.
But at the same time, the heavy job losses creates something that Traders love and live for. The V Word:
VOLATILITY
Volatility is what Traders dream of; Volatility is what allows Traders to pull ridiculous profits while everyone else is wriging their hands as they watch their 401(k) implode.
And rising job losses creates what is, in my humble opinion, the best kind of volatility: Downward pressure volatility.
The market tends to fall faster than it rises – generally speaking. So downward pressure in a volatile time creates an excellent trading environment.
I often get asked by non-Traders “Why do you love it when the market drops? Do you like to lose money?”
But all of us Traders know that you can make just as much money while the market drops as you can when the market rises (and maybe more).
If you don’t know how to capitalize on market volatility, or how to make money while the casual investor gets destroyed, enter your name and email address into the following form, and you’ll receive a FREE copy of our e-Book The Guerrilla Trader – Classified Insider’s Report.
