Trading Dry Spell!

I woke up this morning, Futures are all over the place, from up 200 to down 200. So what will the 1/2 % rate cut do?? Nothing.

We need to trade Psychology now. Price actions are too quick to follow for a multi-day trader like me.

Just can't resist, need to put this chart in the history.


By chinltong

I have been waiting for a bounce since Monday close, it felt like 2 years too long so far. But it did not happen,

Remember: The Market is always right.

As anyone can tell, I don't see any entry for a couple of days, this dry spell is not very normal. Moreover, the option spread are RIDICULOUS, my last trade on QQQQ, the spread was $0.05 on a sub $1.00 option!!!

For those spread traders, it is not easy to get a fill. So it is better to take a deep breath and wait for the inevitable bounce then short something. Anything.

shorts: waiting
longs: family time

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