Are you having fun yet? Did you love that huge bounce at 2050 only to be sold at 2078??? If you're a trend trader, I hope you're on the right trend because this market is anything but trendy. It continues to be a challenge for people who forecast swings and position trades. I hope you at least are ensuring you can trade these markets safely. I saw the opportunity at 2080 and sold at 2078. I was only looking for 10 handles and I got it. We all know later the market tanked some 30 more points from my exit. Trading is all about taking profits. Some days you feel lucky taking profits early and some days you're happy just to take profits. I no longer try to find out why we are up X points or down Y points each day because that's a fool's errand. The more you focus on money flow and the less you wonder about the WHYs, the more profitable you are.
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Multiple AuthorsTraders from Equity Sense will be writing on this blog on positions and other market-related things. Archives
May 2018
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