Was contemplating selling some puts to bet on a rebound next week given how oversold we are on all measures, but decided to pass. We are in uncharted territory and you never know how steep these markets can fall before they find support. After all, I'm not in the falling knife catching business.
As for my active account, I only had a few small trades booking a small loss for the week. Still flat for the past month. Overall likely cash will continue to be king for a while. I'm always on the lookout for high RS names though, but now things are extremely shaky to be buying breakouts.
As for my active account, I only had a few small trades booking a small loss for the week. Still flat for the past month. Overall likely cash will continue to be king for a while. I'm always on the lookout for high RS names though, but now things are extremely shaky to be buying breakouts.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.