How To SURVIVE Losing Cycles & A Simple SPY Reversal Tell
Hi traders,
This time instead of a recap I will provide somewhat of a psychological insight "live" as I am going through a losing streak in the markets!
And as much as I would like to boast with my incredible gains every day, of course, I think this is a good thing. It enables me to show those who might be experiencing the same thing that this is completely NORMAL in this business and not even professionals are exempt.
As the market of itself rarely moves in a straight line but rather swings like a dancer, your account moves inevitably in waves as well.
The ONLY solution to keep your head up and don't drown is to STICK TO YOUR TRADING PLAN!!
As long as you don't break it, losses are only a statistical issue!
____________________________________________________________
On another note to keep the post slightly practical as well, a 1-2-3 Low pattern formed on the VIX today, marking the POSSIBLE beginning in a second market drop during this crisis so be aware!
Good trades,
Tom | FINEIGHT
This time instead of a recap I will provide somewhat of a psychological insight "live" as I am going through a losing streak in the markets!
And as much as I would like to boast with my incredible gains every day, of course, I think this is a good thing. It enables me to show those who might be experiencing the same thing that this is completely NORMAL in this business and not even professionals are exempt.
As the market of itself rarely moves in a straight line but rather swings like a dancer, your account moves inevitably in waves as well.
The ONLY solution to keep your head up and don't drown is to STICK TO YOUR TRADING PLAN!!
As long as you don't break it, losses are only a statistical issue!
____________________________________________________________
On another note to keep the post slightly practical as well, a 1-2-3 Low pattern formed on the VIX today, marking the POSSIBLE beginning in a second market drop during this crisis so be aware!
Good trades,
Tom | FINEIGHT