being bearish in this market is pretty convenient.
red candle is confirmation, green candle is a bull trap, sideways is distribution.
you literally cannot be wrong.
crucial times. everyone seems bearish, like we're just sitting here waiting for the next leg down. breaking the range.
what bothers me is what happens if it actually comes.
if we lose this range, i don't see an immediate recovery. inflation is back, hawkish Fed, rate hikes are back on the table, war, oil is ripping, midterms are around the corner and there isn't much on the horizon to bring risk appetite back.
we could be looking at months, possibly years, of a bear market again. and the scary part is how quickly everyone will go from waiting to buy the dip to praying for their money back.
we need a good leg up, soon, it will bring the bulls back again. owtherwise... yeah, best call is stay small, or just sit on your hands, wtvr you do, survive this, ***you don't have to catch any move in this market***.
you need to understand risk, and you need to take it, otherwise someone else will.
problem with waiting for the market to become less risky is that by the time everyone agrees it's safe again, the good entries are gone.
all I'm saying is try to keep your trading as simple as possible. the more you overthink it and make things more complex the higher the odds that you will find yourself surprised and unready when the market is just doing market things.
have you seen this market teleport 20% down? all your stops hit at the lows with generous slippage?
let's just say it's not that simple to keep short-term and long-term accounts separate without one affecting the other.
focus on one strategy. one system. one side. higher.
have you seen this market teleport 20% down? all your stops hit at the lows with generous slippage?
let's just say it's not that simple to keep short-term and long-term accounts separate without one affecting the other.
focus on one strategy. one system. one side. higher.