There is plenty for investors to think about right now. Interest rates remain a concern; the Federal Reserve is under scrutiny; and markets have been reacting quickly as expectations change.
We do not have to resolve any of those questions in order to trade.
On September 15, my ITV indicator showed us an opportunity in YETI Holdings, Inc. (YETI). We bought the stock that day, then sold it on September 16 for a gain of approximately 2%.
You might be wondering if 2% is a typo or why I’m happy to share that number, but bear with me and I’ll explain.
This was a one-day trade, and a good example of what we are trying to accomplish in my weekly stock service.
ITV looks for periods when fear has pushed stocks lower and that pressure begins to fade. We are not buying simply because the stock has fallen. The change in the indicator is what tells us that conditions have shifted enough to consider an entry.
Once we are in a trade, I am not looking to squeeze every possible dollar out of it. If the move develops quickly and we have an opportunity to take a gain, I am comfortable doing that and putting the capital back to work elsewhere.
That is what happened with YETI.
A 2% gain will not attract much attention on its own. But we are not depending on one single trade to generate our results. We look for these setups several times a week. Some positions last longer and some will lose money, but the goal is to repeatedly put capital into situations identified by the same process and take gains when they become available.
YETI gave us one of those opportunities this week. We bought on Monday, sold on Tuesday, collected approximately 2%, and moved on.
For me, that is far more useful than trying to predict every turn in the market.
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