The Event-Trading Phenomenon introduces a new trading system that is destined to become the most popular trading strategy ever devised. It offers substantial profits with minimal risk.
Under the event trading rules, you will trade only when a news event makes market direction highly predictable for just one day. And when the right news event occurs, event traders trade index options rather than stocks. They do not have to be stock pickers and they can earn large, one-day profits that would not be possible with stocks. This strategy keeps market risk extremely low.
The event system is not a simple-minded, knee jerk reaction to good and bad news. It is a highly disciplined strategy that keeps investors out of the market unless the right news is released under the right market circumstances. Good news that is released when the market is greatly overbought, for example, will not cause a large upward move. The system was developed by Peter McKenna, veteran market reporter. He outlines his strategy with an easy-to-use color-coded system.
