Mactheriverrat
3,175 posts
msg #158418
- Ignore Mactheriverrat |
1/18/2022 5:24:32 PM
When markets are in a pullback. I'm more inclined to not go chasing Bullish setup in equities. I was shown some years ago that when markets are is a pullback that its not a good idea to be Bullish. Traders be from the newest to the big funds are inclined to put selling pressure on really good setups. Let stocks re-set and setups will fall back into place.
In other words " Do be trying to catch falling knives".
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snappyfrog
749 posts
msg #158419
- Ignore snappyfrog |
1/18/2022 8:38:40 PM
This is true if one only trades stocks. Options allow one to
trade both ways. Money can be made faster when in a
downtrend than in an uptrend most times. "Elevator down,
stair steps up".
I am not promoting options, especially to those that have
not studied how they work and all of the moving parts.
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miketranz
978 posts
msg #158420
- Ignore miketranz |
1/18/2022 9:45:34 PM
[
Larry Connors
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xarlor
620 posts
msg #158422
- Ignore xarlor |
1/19/2022 8:03:41 AM
I like Larry Connors systems for their simplicity, clear-cut entry/exit rules, and most importantly, because they are profitable. Added ticks for entry/exit to mike's filter.
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miketranz
978 posts
msg #158423
- Ignore miketranz |
1/19/2022 11:47:03 AM
Looks good.Beware of falling knifes...
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