I'm by no means an expert in these markets but I am blessed to be able to do what I do while being paid to help those who seek to do better in life. The markets these days are so convoluted that the average investor really gets confused. The markets being bifurcated means things are being interpreted differently and logic isn't always the overwhelming factor for most trades.
This is the point where trend traders really get confused on whether to go long or short. However, as a daytrader, I have the flexibility of either following trend or ignoring it. So how do you navigate an ever changing landscape? It seems that yesterday you feasted your eyes on a golden, sun-lit beach and now you have massive sand dunes ready to sweep you away. I find that it helps to be as flexible as possible. If you're not flexible, you're going to struggle in this environment. You have to get back to basics. You have to revisit your core principles and see if they are still valid with the market around us. Then and only then can you realize that you may need some reorienting. I've been lucky to find some short setups whether it was for VRX or FEYE or Cable. This is what I've been preaching since I've become a trader - to be flexible. While it's true I'm 90% sell side, it doesn't mean it's not possible for me to go long. However, when I do see weakness in securities, I do not hesitate. Sometimes I may not even trade if nothing is going down. But the good Lord always does provide despite me being a heathen. For those of you who are lost, stay the course. There's always light at the end of a very, very dark tunnel. -G
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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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