Still no sell signal of any importance. Resistances are tearing like tissue paper.
Fighting the tape has lost me a lot money over the years.
You can either follow the trend and let the market/casino work for you and give you money OR your hard earned capital can be given back to the casino by fighting the trend.
I only do countertrend trades with predefined stops as I know exactly what I will lose, or cover a winning position and scalp.
Not using stops, overtrading, incorrect postion sizes , ego, lack of discipline....yadda yadda
You have heard it all before.
Again, Im waiting to be stopped out just above the high of the year like most who fought the tape. I fear I will lose 8 points.
But, I will be back in cash and sleeping well at night.
If not, I get the money back from Mr Market that he took from my last two trades.
Plan your trade and trade your plan.
You will sleep so much better :-)
New All time high on S+P?
Started by
salam
, Aug 21 2014 09:56 AM
No replies to this topic
#1
Posted 21 August 2014 - 09:56 AM
I'm not sure what my future holds... But I know who holds it.