If there is one cardinal rule of thought that traders
and investors need to immediately put deep into their psyche and practice
is that professional traders ALWAYS FOLLOW TREND ,
and make immediate investment decisions based on that criteria.
AMATEURS try to pick bottoms, and counter trade against TREND.
Under normal circumstances that is a recipe for trading ridicule, loss, and continued self inflicted damage.
In this market, it is a recipe for bank wipe out, and a trip back to the dairy farm to milk the cow.
Do NOT EVER try to think you are somehow more gifted and intelligent than the market.
The TREND in this market is SHARPLY DOWN.
Thus one should be looking for opportunities on the SHORT SIDE of the market,
or staying the heck out of the market until the TREND CHANGES, and a real BOTTOM is ESTABLISHED.
To speculate about where you think a bottom will occur is just plain fools gold.
Sure, you will occasionally guess it right, but really, honestly.. why try to do that.
If past history is any guide, you will be WRONG 9 times out of 10.
With current VIX Levels Above 35 ,
this is NOT THE TIME to go bottom fishing in this market.
Be a professional.
And trade like a professional.
Your self esteem, your worth and your trading account balance,will thank you, if you do so.
THE_UNWIND
12/26/18
NEW YORK
and investors need to immediately put deep into their psyche and practice
is that professional traders ALWAYS FOLLOW TREND ,
and make immediate investment decisions based on that criteria.
AMATEURS try to pick bottoms, and counter trade against TREND.
Under normal circumstances that is a recipe for trading ridicule, loss, and continued self inflicted damage.
In this market, it is a recipe for bank wipe out, and a trip back to the dairy farm to milk the cow.
Do NOT EVER try to think you are somehow more gifted and intelligent than the market.
The TREND in this market is SHARPLY DOWN.
Thus one should be looking for opportunities on the SHORT SIDE of the market,
or staying the heck out of the market until the TREND CHANGES, and a real BOTTOM is ESTABLISHED.
To speculate about where you think a bottom will occur is just plain fools gold.
Sure, you will occasionally guess it right, but really, honestly.. why try to do that.
If past history is any guide, you will be WRONG 9 times out of 10.
With current VIX Levels Above 35 ,
this is NOT THE TIME to go bottom fishing in this market.
Be a professional.
And trade like a professional.
Your self esteem, your worth and your trading account balance,will thank you, if you do so.
THE_UNWIND
12/26/18
NEW YORK