Yup, You Should Be Short The Nasdaq..
Hey Traders,
I get asked a lot,
'The market is coming up and up, should I really short?'.. This is often off the back of increased positive market sentiment like you have seen for the US economy and lesser inflationary impact fears.
This question to this problem should have a logical and obvious answer. People often lose their logic when they jump on a computer and open up a broker account. Everything they've learnt about life and retaining capital goes completely out the window.
YES. Prices come up and you should be selling them, like you would practically anywhere else outside of trading online. Think about your life for a minute and how you make financial decisions now or have always done so..
Nobody says 'Wow, the price has dropped so much, I better sell!'.
Or 'That looks really expensive, now is a great time to buy it'.
Be a Smart Trader and make good decisions. Run your business of trading in a way that is sustainable and makes sense, not relying on fiction or plainly what you think is going to occur.
As soon as you do this you open up the doors to poor decision making and potential loss or drawdown.
This lesson is what rules all markets and makes them make sense. It should be at the core of all your financial decision making.
Remember, you need to be in the market BEFORE it turns. So that means you will inevitably be shorting into strength at key price action levels pending a change in Market mood or anticipation to catch the new fall and then trade it as the market moves.
Trade small and spread out.
I get asked a lot,
'The market is coming up and up, should I really short?'.. This is often off the back of increased positive market sentiment like you have seen for the US economy and lesser inflationary impact fears.
This question to this problem should have a logical and obvious answer. People often lose their logic when they jump on a computer and open up a broker account. Everything they've learnt about life and retaining capital goes completely out the window.
YES. Prices come up and you should be selling them, like you would practically anywhere else outside of trading online. Think about your life for a minute and how you make financial decisions now or have always done so..
Nobody says 'Wow, the price has dropped so much, I better sell!'.
Or 'That looks really expensive, now is a great time to buy it'.
Be a Smart Trader and make good decisions. Run your business of trading in a way that is sustainable and makes sense, not relying on fiction or plainly what you think is going to occur.
As soon as you do this you open up the doors to poor decision making and potential loss or drawdown.
This lesson is what rules all markets and makes them make sense. It should be at the core of all your financial decision making.
Remember, you need to be in the market BEFORE it turns. So that means you will inevitably be shorting into strength at key price action levels pending a change in Market mood or anticipation to catch the new fall and then trade it as the market moves.
Trade small and spread out.
Note
Looking Short.Note
Take note of early PA and being shorting LOWER TF's as market moves to the downside. RE short with DCA rules as we approach further highs.Note
Use trailing stops to lock in gains.Note
Exit for further gains.Note
Should now be out of shorts and looking to re short higher.Note
Looking for Push nearer Highs.Note
Approaching near support. Only RE shorts higher as you are late on the fall.Note
Re shortingNote
Exit shorts on 200 point fallNote
RE shorts can be taken.Note
Lock in gains and NOTE price rejection. Looking for extended fall out of this week and into next.Note
700 point fall.
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Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
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.
Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
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.