Straddles/Strangles are great strategies, particularly for news events, but there is a side that will usually lose. When I’m viewing a chart, I can see the market going up or down significantly. I could just jump in ahead the trend and get out when it goes in the opposite direction, but, sometimes the market will do a fake out, go in the opposite direction, and I lose. I think I’ve seen some training here that explains how to avoid this drastic market change, but I can’t remember which video it is.
Are there any other ways to take advantage of a market increase/decrease (outside of a Straddle/Strangle), and when does one jump in with a directional trade?