You have to adjust to the present if you want to stand a chance trading. Constantly learning and performing is the only way you will sustain yourself in this hyper-competitive field.
In four days a whole plethora of leverage [options] will expire worthless. This rewards the sellers of premium who took on the infinite risk associated with selling premium. This is January OPEX, and traders want to hit the new year right, especially if they faltered in the year prior.
In short, the stakes are elevated contextually.
There are so many marquee stocks setting up highly visible short trades. A few weeks back many were enticing a similar looking long trade. Do you know what happened to the breakout chasers? Zeroed out—do you know what I am betting will happen to the breakdown chasers?
Yep.
Maybe you don’t like this trade because you follow trends and you buy stuff that’s going up and you sell stuff that’s going down and that is just fine. You’ll make money doing that in most conditions.
Not these.
I am a buyer of the ugliest looking daily bar charts until I am wholly corrected of my ways. You can stick your anatomy in those shorts all you want.
You know the tickers.
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check out the thumbnail image, hotchacha