{"id":16703,"date":"2024-10-01T13:42:00","date_gmt":"2024-10-01T17:42:00","guid":{"rendered":"https:\/\/mtatradeoftheday.com\/?p=16703"},"modified":"2024-10-01T13:41:20","modified_gmt":"2024-10-01T17:41:20","slug":"how-i-turned-market-chaos-into-a-trading-triumph","status":"publish","type":"post","link":"https:\/\/mtatradeoftheday.com\/how-i-turned-market-chaos-into-a-trading-triumph\/","title":{"rendered":"“How I Turned Market Chaos into a Trading Triumph”"},"content":{"rendered":"

Hey Gang,<\/p>\n

This market has put a lot of traders in a bind.<\/p>\n

No one denies the bullish trend in stocks right now. However, just as we saw today, things can turn on a dime, falling hard and fast.<\/p>\n

However, not every stock gets swept up in the selling landslide.<\/p>\n

All you have to do is know where to find them.<\/p>\n

To do that, we\u2019re going to dig into one of my favorite trade ideas I shared with Profit Surge Trader<\/a><\/u><\/strong> members yesterday during the LIVE session.<\/p>\n

But first, I want to shed some light on how I see the market shaping up for October.<\/p>\n

Current Market<\/strong><\/p>\n

Earlier today (actually overnight), we got word that Iran planned to fire missiles at Israel.<\/p>\n

Predictably, oil prices soared while the rest of the market took a beating shortly after the open.<\/p>\n

At the same time, the volatility index (VIX) spiked to its highest levels in nearly a month.<\/p>\n

The S&P 500 fell over 1.25%, wiping out all the gains for the last week and a half.<\/p>\n

<\/p>\n

If you were a buy-and-hold investor, you lost dollar for dollar what you gained.<\/p>\n

But if you were an options trader like me, you had already locked in profits from the past two weeks.<\/p>\n

Since September 19th, I have taken around ten trades in Profit Surge Trader<\/a><\/u><\/strong>. So far, I\u2019ve only had one loss, and I still have four open.<\/p>\n

Of these stocks, I want to focus on Oracle (ORCL)<\/strong> today.<\/p>\n

Why This Stock<\/strong><\/p>\n

I rarely trade these bigger names unless they have heavy volatility, like Tesla or Nvidia.<\/p>\n

In fact, the last time I traded Oracle was in August of 2023.<\/p>\n

And you\u2019d expect a company like this to get pulled down with the rest of the markets.<\/p>\n

But ever since it reported earnings on September 9th, the stock has shown considerable relative strength.<\/p>\n

And that\u2019s precisely why it showed up in my S.A.M AI Scanner.<\/a><\/u><\/strong><\/p>\n

<\/p>\n

This 195-minute chart illustrates my TPS setup\u2019s three components:<\/p>\n