• bearish trade setups 10-7-14

Staying patient in this market is of huge importance.

I cannot stress it enough. Just because the market is open doesn’t mean you should be always trading it. I would love to have more positions open right now but I don’t because the market hasn’t shown that it is quite ready to start the second leg down in the current sell-off.

I know that the dead cat bounce is running into problems as we speak, but that is all we know. The last thing I want is a bunch of positions getting churned to pieces by the market’s indecision. 

So stay patient folks, if the market breaks the lows of the day today, that would probably be a good reason to get short a couple of positions – but stay nimble and be flexible to where the market ultimately wants to go. 

Here’s the bearish list of trade setups for the week:

bearish trade setups 10-7-14

You Might Like

  • Short-term bounce

    The Anatomy of a Short-Term Bounce

  • January Barometer: As January goes, so goes the year.

    January Barometer: As January Goes

  • Losing Trade to Start the New Year

Leave A Comment