Hubert Senters here.
Let’s take a look at BBY, Best Buy. So it is one of the very few things that was not down today since we had such a good sell-off today. And I can tell you I love this business. Amazing moves in the markets. Even just diddling around a little bit if you know how to trade when the volatility is like ‘’yes, it’s just a wonderful thing.’’
Now, if you don’t know how and you struggle you need to try to figure out what you’re doing wrong and fix that situation. So two different ways you can approach us on nasty little sell-off like we had today.
You’re either going to short things and hope to take a lower or you’re going to let them go lower and pick up things at a discount. So the way that you do that is if everything sold off. Look at things that did not go down today. And I know this sounds super simplistic and it is but it’s effective.
The other thing is look at things that went down today. A lot like MNST. So you’ve got MNST, Monster Beverage Energy Drink Company here went lower in our gap down low, so didn’t have anything really to do with the sell-off.
Probably had some bad news and stuff like at. But make your list of things that got smoked today and things that held up really well. And then you have a master list of these are things I am going to buy. And these are things I’m going to sell then whatever cards the market deals you then you have an effective hand that you can play with.
Good luck. Hope it helps. And I’ll see you on the next video.
Hubert.
