In the past two weeks alone, if you are one of the many thousands of people who follow my stock picks which I post (for free) on my website TradersChoice.net frankly you have ripped the face off of the stock market.
Last week, in fact the day before the 370 point drop in the Dow Jones industrial average I had suggested people enter a straddle position on ticker SPY. If you had entered that position at the time I posted it, watched for a clear sign of direction at the market open the next day and closed the call side of the straddle-to say the least you made yourself a very nice profit.
This past week, in fact at the market open (the very day) that both crude oil and the energy sector plunged I had suggested (posted to my website TradersChoice.net) taking up a straddle position on ticker USO and ticker XLE.
Here again, if you had entered these positions, watched for direction, and closed the call side of the straddle you would've made huge profit as crude oil fell 5%, in the energy sector fell over 2 1/2%.
The reason why I am outlining all of this for you is simple.
There seems to be many of you who do not believe in opening your positions with a straddle. I am writing this article specifically to show you how powerful opening every single one of your positions can be using a straddle.
Here is another article I wrote which outlines further how to profit by using a straddle strategy when entering positions.
Click here: https://steemit.com/money/@marketreport/the-best-and-most-profitable-stock-trading-tip-you-will-ever-get-by-gregory-mannarino
Here is also a link to my website TradersChoice.net where you can follow my free stock picks.
I post new positions on this page the moment I enter the position myself.
Click here: https://traderschoice.net/The-Equity-Lists.html
If you are interested in learning more about how to rip the face off this market, check out my other publications, click here: http://www.lulu.com/spotlight/thegameisrigged
Opening a position using a straddle is one of the best ways a trader can capitalize on the price action of an equity.