Going through my trading stats in a bit more detail.
Strong rebound in Friday, but we are still well in a correction, I will need much more proof to get aggressive, and here are a few reasons why.
1) in general there are not that many good setups
2) most bases are quite wide and loose
3) most previous leading stocks are well off their highs and what is working recently are miners, energy, healthcare names, which typically work in defensive / recessionary periods. as long as growth and tech names are not leading, it's not worth getting aggressive
Besides, most setups that look solid are not in the US, but in China. Things like
TIGR, 
YY, 
DAO, 
EH are the ones I'm watching closely. Already in 
LX and $ATAT. All small positions so I want to either scale up or down depending how the next days evolve.
In general still cautious, at 42% invested, will stay below 50%, my average losses are at 0.15% of my account and will keep it that way until we get more traction.
Strong rebound in Friday, but we are still well in a correction, I will need much more proof to get aggressive, and here are a few reasons why.
1) in general there are not that many good setups
2) most bases are quite wide and loose
3) most previous leading stocks are well off their highs and what is working recently are miners, energy, healthcare names, which typically work in defensive / recessionary periods. as long as growth and tech names are not leading, it's not worth getting aggressive
Besides, most setups that look solid are not in the US, but in China. Things like
TIGR, YY, DAO, EH are the ones I'm watching closely. Already in LX and $ATAT. All small positions so I want to either scale up or down depending how the next days evolve.In general still cautious, at 42% invested, will stay below 50%, my average losses are at 0.15% of my account and will keep it that way until we get more traction.
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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.