Like many here ... I've been worn out by this market and had
slowed my trading down to a small fraction of what I used to do
normally .... this massive chop is useless for most traders
unless you day trade ... majority will get churned out to
death more than anything else ... this market is total sh*** ... so
I wouldn't waste time trying to trade this unless you have an
intraday time horizon for now ... that's my two
cents .... on this, have a good weekend ...
:D
- mla127 - that's what I've discussed all week long in the
newsletters, some comments from a recent newsletter
Again guys like I stated last night, it's times like this when
you should be focusing on capital preservation and keeping what you
have, and if you do trade, focus on 1 or 2 items at most! And if
you can day trade, there's plenty of opportunity for that, you can
simply choose to focus on a 5 min chart of a volatile ETF with
standard indicators. Or if you work a busy day job or like to trade
daily setups stay on the sidelines because the market is too
volatile for that now, cash is a position!
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Like many here ... I've
Posted by mla127 on 14th of Dec 2018 at 02:49 pm
Like many here ... I've been worn out by this market and had slowed my trading down to a small fraction of what I used to do normally .... this massive chop is useless for most traders unless you day trade ... majority will get churned out to death more than anything else ... this market is total sh*** ... so I wouldn't waste time trying to trade this unless you have an intraday time horizon for now ... that's my two cents .... on this, have a good weekend ... :D
Well stated - remain prudent.
Posted by steve on 14th of Dec 2018 at 03:01 pm
Well stated - remain prudent. Now you see why last summer I constantly preached having an exit strategy in place (prior to the reversal down)
- mla127 - that's what
Posted by matt on 14th of Dec 2018 at 02:57 pm
- mla127 - that's what I've discussed all week long in the newsletters, some comments from a recent newsletter
Again guys like I stated last night, it's times like this when you should be focusing on capital preservation and keeping what you have, and if you do trade, focus on 1 or 2 items at most! And if you can day trade, there's plenty of opportunity for that, you can simply choose to focus on a 5 min chart of a volatile ETF with standard indicators. Or if you work a busy day job or like to trade daily setups stay on the sidelines because the market is too volatile for that now, cash is a position!