How NOT to trade stocks
• extended markets? ✓
• breadth worsening? ✓
• market timing signal showing a sell signal? ✓
• been steadily reducing leverage because I'm expecting a short term pullback? ✓
That's the perfect time to go all in on all the stocks that are hitting your alerts today! Especially stocks you have no idea about but they all seem to be moving together! It must be smart money moving the markets, and you are in the business of trend following, not predicting. Put half of your account and risk 6x your typical risk on a single bet, because "you're feeling it". You are "already profitable". "Push the gas when your trades are working". "Once in a lifetime opportunity".
That's how you get your ass handed to you and lose 3% of your account in a day. Well, it's not the end of the world, it's a relatively small $ loss, but I think it's a good chance to remind myself not to do this again and follow my rules.
• breadth worsening? ✓
• market timing signal showing a sell signal? ✓
• been steadily reducing leverage because I'm expecting a short term pullback? ✓
That's the perfect time to go all in on all the stocks that are hitting your alerts today! Especially stocks you have no idea about but they all seem to be moving together! It must be smart money moving the markets, and you are in the business of trend following, not predicting. Put half of your account and risk 6x your typical risk on a single bet, because "you're feeling it". You are "already profitable". "Push the gas when your trades are working". "Once in a lifetime opportunity".
That's how you get your ass handed to you and lose 3% of your account in a day. Well, it's not the end of the world, it's a relatively small $ loss, but I think it's a good chance to remind myself not to do this again and follow my rules.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.