We're quite oversold on all indexes, so at this point probably everyone is expecting some bounce next week. How strong it will be is uncertain, but the likelihood of it happening is quite high.
I've been ruthlessly cutting losses on all my trades to 1/3 of my historical average losses, and due to a nice big trade on
JVA, I actually made $33 this week, which I'm really happy about given the tough market environment we are in. Just goes to show how much you can improve your RR by cutting losses even shorter than normally.
I still see a lot of strength in car-related names, as well as in communications / electric component names. Didn't mention but industrials (
XLI) was the leading industry on Friday, so that's also kind of confirming. Some really nice setups for next week in 
VEON, 
REBN, 
PONY, 
FPH, 
PRCH
I've been ruthlessly cutting losses on all my trades to 1/3 of my historical average losses, and due to a nice big trade on
JVA, I actually made $33 this week, which I'm really happy about given the tough market environment we are in. Just goes to show how much you can improve your RR by cutting losses even shorter than normally. I still see a lot of strength in car-related names, as well as in communications / electric component names. Didn't mention but industrials (
XLI) was the leading industry on Friday, so that's also kind of confirming. Some really nice setups for next week in VEON, REBN, PONY, FPH, PRCH
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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.