Navigating a High Market

[] Long-Term vs. Short-Term Gains [] [] [] [] While the market's been on fire for most of 2024, the sudden drop at the start of August really seems to have knocked the market off balance. And today's market action didn’t exactly get September off to a good start — it’s got that ‘something’s not right’ feeling hanging over it. If you’ve been watching closely, you’ll know this kind of volatility raises some big questions, especially for long-term traders. I’ve always been a fan of long-term plays — futures contracts, options — you name it. But in this kind of market, holding equities for the long haul? That’s getting tougher to justify. With stocks sitting at all-time highs and the market seemingly hitting the same ceiling it’s found a few times over the past few months, the risk of staying in long-term positions without a correction is just too great. And let’s be honest: it’s hard to sit on your hands and hold when everything’s pointing to a market that’s stretched so thin. Right now, I’m leaning more into swing trading, taking advantage of these quick moves and corrections rather than locking in for the long-term. There’s just too much opportunity in these bounces and pullbacks to ignore. This lets me stay flexible and grab profits when the market dips, rather than hoping the market continues to rise indefinitely. Look, this isn’t a knock on long-term investing — it’s just about adapting to where we are. When I look at the charts today, I don’t see a ton of incentive to hold onto stocks when the market's already so high. I’d rather get in and out of positions, catch the short-term waves, and play it safe in this environment. In a market like this, being nimble is the name of the game. If you’re holding on to long-term positions, make sure you’ve got a good reason to. For me? Right now, it’s all about taking advantage of those swings. Stay sharp out there — and remember, there’s always another opportunity coming around the corner. — Geof Smith P.S. Last week, I hosted David Trainer, who is Sum Zero's #1 rated stock-picker in North American for a webinar where he showed his remarkably accurate stock-picking system. If you missed it, [this is worth a look.]( [] [] While the market's been on fire for most of 2024, the sudden drop at the start of August really seems to have knocked the market off balance. And today's market action didn’t exactly get September off to a good start — it’s got that ‘something’s not right’ feeling hanging over it. If you’ve been watching closely, you’ll know this kind of volatility raises some big questions, especially for long-term traders. I’ve always been a fan of long-term plays — futures contracts, options — you name it. But in this kind of market, holding equities for the long haul? That’s getting tougher to justify. With stocks sitting at all-time highs and the market seemingly hitting the same ceiling it’s found a few times over the past few months, the risk of staying in long-term positions without a correction is just too great. And let’s be honest: it’s hard to sit on your hands and hold when everything’s pointing to a market that’s stretched so thin. Right now, I’m leaning more into swing trading, taking advantage of these quick moves and corrections rather than locking in for the long-term. There’s just too much opportunity in these bounces and pullbacks to ignore. This lets me stay flexible and grab profits when the market dips, rather than hoping the market continues to rise indefinitely. Look, this isn’t a knock on long-term investing — it’s just about adapting to where we are. When I look at the charts today, I don’t see a ton of incentive to hold onto stocks when the market's already so high. I’d rather get in and out of positions, catch the short-term waves, and play it safe in this environment. In a market like this, being nimble is the name of the game. If you’re holding on to long-term positions, make sure you’ve got a good reason to. For me? Right now, it’s all about taking advantage of those swings. Stay sharp out there — and remember, there’s always another opportunity coming around the corner. — Geof Smith P.S. Last week, I hosted David Trainer, who is Sum Zero's #1 rated stock-picker in North American for a webinar where he showed his remarkably accurate stock-picking system. If you missed it, [this is worth a look.]( [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub]( [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub](