Hard to do much here with so much indecision in the market, this action has me a bit timid to say the least. I managed to escape the $ERX with a nice win, but took a small loss in a starter in $BAS. How low is oil going? I’ve heard $58 is the magic number, but who knows, it feels like we are close to a bottom though.
I’m back to 100% here, and at this point have no interest in the market. I’d rather go to the casino and crack someone over the head with pocket rockets in a big game of Texas hold’em.
When playing cards, I am super disciplined. I play super tight, and when I have the nuts (the best hand), I get aggressive. I need to implement that strategy to my trading here. This market, over the last few years has got me to play loose, and frankly off my game. There’s an old phrase in poker, “tight is right”. Right now, I think that is the only way to play here, tight.
Here’s a look at today’s high volume/hybrid movers inside The PPT: CLICK HERE FOR CHARTS
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I agree .The market has been kind recently but now you have to really up your game to stay in.
Took on a GOGO short in a big way as it backtested it’s decking 50ema earlier…Turning out to be awesome trade! Textbook action here with breakdown stocks being rejected at resistance levels. Thanks to whoever posted the link to the chart yesterday.
Well done there. Nasty action on the close here. Happy to back in cash.
“Declining 50ema”…
indeud
Well done bubble. That’s about as nasty a topping stick as you’ll see
Looks like smart money piled in short at the same spot! That one is toast.
Agree OA. Market too dangerous to be long here. Only position in holding are some puts in yelp. So far so good. Put in another doji today at that 53.30 resistance. Headed lower.