@johnscharts Not looking well..Their BBs are opening wider with RSI, MACD and 8d,20d 50d MAs all pointing down.
Still long 1/4 core $AAPL $MSFT from way below and been selling Calls to collect the premiums.
Some price/volume leaders. Many to watch as I call this a defensive watch market. Indexes and many leaders continue to drift back to key areas with many bases out there. With a few big upcoming market news impact items many seem to be waiting and watching.
You’re trading more than just your money, it’s your time and emotions as well. Make sure to disconnect from the screens sometimes, The outdoors/natural world can do wonders for your mindset.
@JDogReversal@johnscharts Biggest realization for me was to do this. If I am too tired or not feeling well, or if it’s a stupid choppy day in the market, to just not trade. Following this rule has saved me lots of losses in the long run. Money not lost is a win. That’s how I think of it now.
"Play the market only when all factors are in your favor. No person can play the market all the time and win. There are times when you should be completely out of the market, for emotional as well as economic reasons" - Jesse Livermore
After each trade, you want to review your personal performance.
• How are your execution skills improving compared to your previous trade?
• What impulsive tendency did you curb?
• How can you improve?
Trade after trade, fight for that little bit of psychological progress.