S&P500指数ロング
What has the bull run gotta do with the Millenials ?
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The arrow these days seems to be pointing at the foolish, eager to get rick quick millennials who had the guts to scoop up bankrupt stocks like airlines and IPO stocks.
Before we get too emotional and join in the blame game or start lashing out at them, let's visit the SPX500 chart. We are now in a V shape recovery and has about 8.5% more before we revisit the peak at 3400 on 18 Feb 20.
Will there be a W shape formation after the V shape ? Honestly, analysing or making wild guesses on such future events beside giving me some entertainment , it has no real value to my stock portfolio performance. Trade what you see and see what you trade.
So, what I see now is in the 1H chart , there are 3 safety nets to protect the current bull runs. Until the last defence line (approximately the 3000 level) is taken out, then I will review my positions.
Again, understand the objective of the media. It is to sensationalise the news, create the hype and get readerships for the media. In short, they have their own selfish agenda, they care less whether you long or short or have a margin call.
Also, when you understand how price action moves not in a linear fashion but in waves like patterns, then you would not mistaken correction as bear market signals (of course, it could be clue)
The arrow these days seems to be pointing at the foolish, eager to get rick quick millennials who had the guts to scoop up bankrupt stocks like airlines and IPO stocks.
Before we get too emotional and join in the blame game or start lashing out at them, let's visit the SPX500 chart. We are now in a V shape recovery and has about 8.5% more before we revisit the peak at 3400 on 18 Feb 20.
Will there be a W shape formation after the V shape ? Honestly, analysing or making wild guesses on such future events beside giving me some entertainment , it has no real value to my stock portfolio performance. Trade what you see and see what you trade.
So, what I see now is in the 1H chart , there are 3 safety nets to protect the current bull runs. Until the last defence line (approximately the 3000 level) is taken out, then I will review my positions.
Again, understand the objective of the media. It is to sensationalise the news, create the hype and get readerships for the media. In short, they have their own selfish agenda, they care less whether you long or short or have a margin call.
Also, when you understand how price action moves not in a linear fashion but in waves like patterns, then you would not mistaken correction as bear market signals (of course, it could be clue)
ノート
I thought this message I am writing here may be useful to some of the traders. When you review different authors' trading position in TV, be it long or short - what's your first response ? Did you follow the trade based on his or her popularity ?
If you do, please stop and think for a moment. One author may say short and the other (like me) may say long for SPX500 (as an example). They could both be right depending on the time frame they are looking at.
The 1H chart above explains nicely. If you took a short at the safety net 1 (1st selling opportunity) , say at 3119 and exit your position at 3023, you would have made about 100 points profits. Congratulations ONLY if you had closed your position. As you can see, safety net 3 (main bullish trend line) is still intact though on 25 Jun 1400 hours, a bearish candle pierced down, creating a fake breakdown to capture the sellers.
It rebounded at 1600 hours but attempt to fool the sellers once more at 1900 hours. The determined ones will short again only to be disappointed as it quickly rebounded near to the market opening hours.
In conclusion, be it long or short that you are taking in an asset class, be clear why you are doing so and NOT JUST BLINDLY do it because Author ABC said so. Remember, they are not the Market and there will be times they are wrong. And when that happens, it could be when your greed or fear has overcome you to the extent that you tripled your position size to bet it all.
The loss will be catastrophic. When money is as easy to make as following a trade call, exit and take profit, you need to be careful. Learn to fish and you can acquire the skills of fishing. If you depend on others to provide you the fish, you will not be self sufficient.
Hope this helps.
ノート
Remember, if you cannot stomach the losses, it is wiser and better to cut losses early and buy back at a lower price later. Do not let your ego get in the way. See our latest chart
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