Almost everyone feels a need to ALWAYS have an opinion on the market. Anyone who does that, it will always lead to not ever getting this thing. Markets are not about predicting (opinions), they are about PROBABILITIES and RISK. Period.
A true professional approach is to not even trade markets, per se, it is actually to trade your work. Trade your work. Ponder that. It is literally how do this thing. But very, very few people will ever spend the time to learn, struggle, implement, struggle, lose, struggle, hone, struggle, and eventually really develop that excellent WORK (system – approach). Hardly anyone does this. It’s too hard, and it requires consistency and mental toughness. Why bother? It’s much easier to read so and so’s TOTALLY USELESS OPINION. And if so and so actually made money in markets, he/she wouldn’t always be talking about their opinion. Everyone makes their own choices. I’ve spent a lot of time trying to get people to understand this. Real drag at this point.
Below are three trade setups. Two of them I missed the trades, HTGM and CNIT, but great examples. CNIT had a 15% bounce off of the area I was trying to buy. HTGM was a runner for a good part of the day.
The QQQ put trade I held overnight. And my stop is at scratch at this point, held it long enough.
There is ALWAYS a BOUNCE.
All of the charts are marked up.