David Knight
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I don't expect to get another opportunity to short for some time, if at all today. Markets tend to drop faster than they climb.
Often see the high/low in early trading and at end of day. If we were in a clear up trend I would buy the dip early and sell end of day or early next day. if possible.
But since I believe the market is headed lower I'm reluctant to buy, even though as I said before I don't really like going short.
It's much easier to be a dumb bull than it is to be a clever bear.
This is the reason this journal appears to be sluggish. This is my least favourite market condition.
My Plan
Let the market move to the next zone before entering. Ideally we would drift up and stay in the 40-50 range before a big leg down next week.
So, looking to short unless there's a reason to change my view.
In General
It's early days in this journal. I don't play games. I'll be running this journal for a while and if you stick around you'll find some value somewhere.
Suggestion: When someone outlines the way the'll run a journal read what is actually written. It's hard not to be cynical, I know..just sayin'
Often see the high/low in early trading and at end of day. If we were in a clear up trend I would buy the dip early and sell end of day or early next day. if possible.
But since I believe the market is headed lower I'm reluctant to buy, even though as I said before I don't really like going short.
It's much easier to be a dumb bull than it is to be a clever bear.
This is the reason this journal appears to be sluggish. This is my least favourite market condition.
My Plan
Let the market move to the next zone before entering. Ideally we would drift up and stay in the 40-50 range before a big leg down next week.
So, looking to short unless there's a reason to change my view.
In General
It's early days in this journal. I don't play games. I'll be running this journal for a while and if you stick around you'll find some value somewhere.
Suggestion: When someone outlines the way the'll run a journal read what is actually written. It's hard not to be cynical, I know..just sayin'