Why the selloff Today? You never know when or what is going to change investor sentiment. That is why it is always prudent to have safety stop’s at levels that tell you prices should not be moving back down through. If you’re trying to figure out what to do with lower trading positions, take one step back and ask, “what does this chart tell me?” If it is not a good bullish chart, close it out. First, that puts money back into your account as cash so that you have a much better perspective as to what to be doing next. This is why we recommend Trend Analysis.
January 30th Daily Market Comments
Why the selloff Today? You never know when or what is going to change investor sentiment. That is why it is always prudent to have safety stop’s at levels that tell you prices should not be moving back down through. If you’re trying to figure out what to do with lower trading positions, take one step back and ask, “what does this chart tell me?” If it is not a good bullish chart, close it out. First, that puts money back into your account as cash so that you have a much better perspective as to what to be doing next. This is why we recommend Trend Analysis.