I hate to sound like a broken record to start off today's issue, but this needs to be said...
If you find yourself glued to the TV or your phone, wondering how the laundry list of "big things" happening in the world will affect your portfolio, just... stop.
Whether it's the Federal Reserve's recent decision to keep interest rates intact (for the time being) and begin reducing its balance sheet in October... the continued threats of North Korea's nuclear and missile tests... news of potential legislation in Washington... whatever. Should you stay on top of what's happening? Certainly.
But know this: The world will never stop turning. Likewise, it will never stop giving you reasons to be concerned.
I don't say this to trivialize how it might affect your portfolio. But the truth of the matter is, it probably won't. The truth is, YOU will affect your portfolio far more than any of these externalities -- which stock to pick; whether to buy, sell or hold a position; how much to allocate to different sectors and positions... you get the idea.
When you think about it this way, it's kind of liberating, isn't it?
You're the captain of the ship.
And any good ship is only as powerful as its armaments. That's why we here at StreetAuthority have long advocated that our readers add new weapons to their trading arsenal. One of our favorites: options.
That's why in tomorrow's issue of StreetAuthority Daily, we're going to share a familiar piece from Amber Hestla, Chief Strategist of Income Trader.
But, for now, let me introduce you to Amber...
From American Hero To Award-Winning Options Guru
For those who aren't familiar, Amber is one of the most well-respected options experts in the U.S. But in her former life, she was a military intelligence operative. The transition from that to a career as one of the most respected independent trading analysts in the country may seem odd, but once you understand the parallels between the two disciplines, it makes perfect sense.
In the military, Amber was trained to use her analytical skills to assess threats and mitigate danger on the battlefield. By making calculated moves, she and her team were able to meet their objectives without taking on an excessive amount of risk.
That lesson proved important -- after all, lives were at stake. But as fate would have it, Amber began taking an interest in finance during her service in the military, primarily because she wanted to take control of her financial destiny.
This sort of expertise is rare. It's not every day you come across someone in their field who is highly successful without any sort of formal training. Amber, however, is that rare, special breed that you often find among those who are at the top of their field: self-taught, unconventional background -- perfectly conditioned to bring the sort of outside-of-the-box thinking required to stand out from the crowd.
Fast-forward a bit, and Amber began utilizing her training and skills to develop an indicator that allowed her options trades to mimic her goals on the battlefield: maximize success, minimize risk. She called it the ITV indicator.
I won't give away the details of the ITV indicator just yet. We'll save some of that for Amber's guest column. But just two years ago, Amber submitted the results of the bonus ITV trades she recommended to her Income Trader readers between Sept. 20, 2013 and Sept. 26, 2014. (ITV bonus trades are an extra, added benefit given to Income Trader subscribers at the end of each week.)
This was an example her life's work as a trader. And in 2015, the Market Technicians Association saw fit to award her the prestigious 2015 Charles H. Dow Award, which highlights outstanding research in technical analysis.
Amber won this award for good reason. The trades identified by it have made money for Income Trader subscribers 93% of the time. And remember: we're talking about options here.
It just goes to show, however, that contrary to popular belief, options are not solely the playground of risky traders looking to make a quick buck. In fact, Amber and her readers are trading for income -- not for crazy triple-digit gains.
If you're thinking about enhancing the income-earning potential of your portfolio, I'd highly encourage you to check out her article tomorrow. You'd be hard-pressed to find anyone with a track record better than Amber's. And if you're thinking about trying Income Trader, you can do that here.
This article originally appeared on StreetAuthority.