You may have seen that the stock market has had a rocky couple of weeks.
If you have a 401k, it has probably been suffering, but that’s OK!
I’m here to show you how to get your profits UP even when the stock market is down, and it doesn’t matter if you trade stocks daily or you’ve never bought a single share of a stock before.
Here’s how…
First things first (if you know how to trade stocks, you can skip down a few paragraphs to the *** marker)…
If you’ve never traded a single stock before, you’ll be happy to know it’s NEVER been easier.
Stock trading has become so easy that a 5-year-old could do it.
With new-age brokerages opening up like Robinhood, WeBull, eToro, etc., it’s so easy to open an account and hit “Buy 10 shares of XYZ”
That’s both good and bad.
It’s great if you know what to buy. If you don’t? Not so much.
But that’s where my story today comes in…
***
So, the stock market has taken on a wobbly couple of weeks.
Blame it on the fed, blame it on Covid, blame it on whatever the media wants to blame it on. Because it doesn’t matter.
What does matter is cold, hard profits.
And that’s why I always have a fallback to profit on when this happens.
I’ll set the scene…
When the stock market goes up, something else must be going down.
When the stock market goes down, something else must be going up.
It’s just how it works.
In this case, I’ll be talking about the dollar.
It’s doesn’t always work like this, but in this kind of market the stock market and the dollar are working inversely.
Picture a seesaw: Stock market on the left, dollar on the right. When the market is high, the dollar is low and vice-versa. Very rarely (in this kind of market) can they levitate in the middle.
So currently, as the market goes down, the dollar goes up.
What does that mean for us?
Well, when we see the stock market dropping, we should buy the dollar.
That sounds like it could be complicated, and it would be if it wasn’t for Exchange Traded Funds (ETFs) that track the movement of the dollar.
You can trade ETFs just like stocks.
And the specific ETF that tracks the dollar that I like to trade is the Invesco DB US Dollar Index Bullish Fund ETF (Ticker: UUP).
Simply put, when you see or hear about the market dropping, you can simply buy some shares of UUP and you could be making a killing as the market drops.
When the market stops dropping, simply sell your shares and get back in whatever you were trading before.
The stock market is made out to seem like the most difficult avenue of wealth, but simple tricks like this make people money left and right.
You just need to know where to look…
