Stock Trading & Investing | Technical Analysis Masterclass
So today is August 13, 2018, and the country of Turkey is having some serious problems
The Turkish currency, the Lira, has started to plunge. This is putting huge pressure on the market from fear of contagion.
But for us traders, this provides us with some nice volatility to capitalize on. I suspect this news will cause a spike in volatility as fear sets in.
So in order to take advantage of drop in the market, let’s head over to my watchlist, and check out the Proshares Volatility Index, UVXY.
Using a volatility index is a great way to short the market during a downturn.
These are leveraged assets, so you shouldn’t hold them for more than a few days, or maybe a week.