{"id":2700,"date":"2020-03-24T12:12:06","date_gmt":"2020-03-24T19:12:06","guid":{"rendered":"https:\/\/www.steadytrade.com\/?p=2700"},"modified":"2020-03-26T10:49:19","modified_gmt":"2020-03-26T17:49:19","slug":"ep-140-trading-during-coronavirus","status":"publish","type":"post","link":"https:\/\/www.steadytrade.com\/ep-140-trading-during-coronavirus\/","title":{"rendered":"Ep 140: Trading in the Time of Coronavirus"},"content":{"rendered":"<div id=\"backtracks-player\" style=\"max-width: 100%;\" data-bt-embed=\"https:\/\/player.backtracks.fm\/st\/steadytrade-com\/m\/ep-140\" data-bt-theme=\"dark\" data-bt-show-description=\"false\" data-bt-show-comments=\"false\" data-bt-show-art-cover=\"true\"><\/div>\n<p><script>(function(p,l,a,y,e,r,s){if(p[y]) return;if(p[e]) return p[e]();s=l.createElement(a);l.head.appendChild((s.async=p[y]=true,s.src=r,s))}(window,document,\"script\",\"__btL\",\"__btR\",\"https:\/\/player.backtracks.fm\/embedder.js\"))<\/script><\/p>\n<p><span style=\"font-weight: 400;\">Right now, we\u2019re experiencing an unprecedented stock market catalyst and global event with the coronavirus.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Generally, there are a few mega-stock sectors that present themselves every year. But&#8230;\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8230; <\/span><b>we\u2019ve never experienced anything like this.<\/b><span style=\"font-weight: 400;\"> So should you pack your bags and walk away from the stock market?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">No! It means you need to adjust your strategy and take proactive steps to stay safe.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There are some crazy opportunities right now in the market. In this episode, you get the entire team \u2014 Tim Bohen, Stephen Johnson, and Kim Ann Curtin. They\u2019re talking about the \u201crecipe\u201d for coronavirus plays and how to make the most of the hotter-than-hot sector that <\/span><a href=\"https:\/\/www.steadytrade.com\/2020-goals-and-predictions\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">nobody saw coming<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">History Rhymes<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">As Tim\u2019s fond of saying, history doesn\u2019t repeat exactly, but it rhymes. The coronavirus phenomenon has been a totally crazy ride. And it\u2019s following the pattern of previous health scares and outbreaks like Ebola and SARS.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Stocks went wild then, too \u2014 actually, some of the same tickers we\u2019re seeing move now. The coronavirus may be bigger and badder, but the patterns are playing out in similar ways.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">End of Days?\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">No doubt, the market\u2019s crashing. But as Stephen points out, knowledgeable stock traders can actually profit even as prices decline overall.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tune in to hear him explain why day traders are the \u201cbig winners\u201d right now. And he talks about why casual investors and people who don\u2019t understand the market are most likely to lose right now.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Oil War vs. Coronavirus<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Kim\u2019s curious about the effects of the oil war versus the coronavirus. What\u2019s really moving the market?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The team discusses how these two events are connected, as well as the effects on the market. Learn about the connection between coronavirus, oil prices, and the supply chain \u2026 The effects on the global economy could last long after the virus is gone.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">They also talk about how some sort of a shift in the market has been inevitable for quite some time. Remember &#8230; the recent bull market lasted over a decade.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Reacting vs. Predicting<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In market conditions like these, it\u2019s important for traders to know the difference between reacting and predicting.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Is it better to react to what the market throws your way? Or should you try to anticipate what might happen next?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The team talks about the advantages and disadvantages of both, and why uncertain times call for increased safety measures for traders.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tim talks through how to use a screener like <\/span><a href=\"http:\/\/stockstotrade.com\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">StocksToTrade<\/span><\/a><span style=\"font-weight: 400;\"> to find opportunities. What do you do once you identify a potential play? Listen in for Tim\u2019s tips.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Stephen shares his specific criteria for finding potential virus stocks, including checking indicators like <\/span><a href=\"https:\/\/www.steadytrade.com\/float-volume\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">volume and float<\/span><\/a><span style=\"font-weight: 400;\">. But it\u2019s not just about the technicals. He cautions that for low-priced stock traders, solid trades are a matter of \u201cwho can manage their emotions best.\u201d\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Changing Strategies<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">To find consistency as a trader, you\u2019ve got to be able to adapt. Think about it &#8230; Consistency is a matter of being meticulous, not counting on the market to always stay the same.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, Stephen\u2019s bread-and-butter play is shorting biotechs that are not hot. So right now \u2026 well, he\u2019s not trading that much!\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The crew talks about the dangers of shorting in a hot sector, even if the general market is declining.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Stephen\u2019s strategy has turned upside down because every company working on a coronavirus cure is a biotech. How is he approaching plays right now? And how the rules are changing due to the coronavirus? Tune in to find out.\u00a0\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">How Will It All Play Out?\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">We can\u2019t know how long the coronavirus will last. What we do know is that certain patterns tend to play out the same way over and over.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the episode, Tim and Stephen share with newbie trader Kim how hot sectors like this run in phases. Learn more about the wild volatility as well as the dilutions, offerings, and cooling down that can follow.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s impossible to know the top or bottom on these plays, but there are certain tried and true approaches to trades that you can learn!\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Tips for New Traders<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">As a new trader, Kim\u2019s curious about something&#8230;\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Is this really a good time to work on developing and honing a strategy?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tim and Stephen offer tips on how she can apply her new trading knowledge to the crazy market. New traders won\u2019t want to miss these tips.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Hey, Got Something to Say?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">What do you have to say about the coronavirus and its impact on the market?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you have questions or comments, please send a line. Remember: If your question is chosen as an on-air topic, you could win a SteadyTrade mystery gift box. Drop a comment below or hit us up on <\/span><a href=\"https:\/\/www.youtube.com\/watch?v=ZCjUT83Wwr8\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">YouTube<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thanks for tuning in to the SteadyTrade podcast. Stay tuned for weekly episodes featuring the hottest topics for aspiring traders.<\/span><\/p>\n<p><b>Love this episode? Please review us on <\/b><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/steady-trade-the-profitable-side-of-trading\/id1275946076?mt=2\" target=\"_blank\" rel=\"noopener noreferrer\"><b>iTunes<\/b><\/a><b>!<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Right now, we\u2019re experiencing an unprecedented stock market catalyst and global event with the coronavirus. Generally, there are a few mega-stock sectors that present themselves every year. But&#8230;\u00a0 &#8230; we\u2019ve never experienced anything like this. So should you pack your bags and walk away from the stock market?\u00a0 No! It means you need to adjust [&hellip;]<\/p>\n","protected":false},"author":2283,"featured_media":2702,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[3],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ep 140: Trading in the Time of Coronavirus - SteadyTrade.com<\/title>\n<meta name=\"description\" content=\"talking about the \u201crecipe\u201d for coronavirus plays and how to make the most of the hotter-than-hot sector that nobody saw coming.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.steadytrade.com\/ep-140-trading-during-coronavirus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ep 140: Trading in the Time of Coronavirus - 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