New traders typically like to buy when markets have already moved higher and then sell when they move lower. But that is not how you make money in the market.

Smart traders typically buy when markets are down, beaten up, and hated by the masses. This is ultimately one of the scariest times to put your money to work, but it can also be one of the most profitable if you can spot the right market.

That’s why today we’re opening up a position in one of last month’s poorest performing sectors.

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Chris Douthit
Chris Douthit

Chris Douthit, MBA, CSPO, is a former professional trader for Goldman Sachs and the founder of OptionStrategiesInsider.com. His work, market predictions, and options strategies approach has been featured on NASDAQ, Seeking Alpha, Marketplace, and Hackernoon.