It is almost too much to take in, what is going wrong, and in so many places. We blame the technical electronic traders, but as the days continue, see massive whipsaw.
The poor average American has lost most of what they gained back, and it could get much worse.
Billions of dollars have left stock funds, and now more than 50% of retail investors are bearish for the first time since November.
We traded well last week, but it took true discipline:
1. Have buy and sell prices in at all times, and adjust them
2. Run 1 to 5 minute Point and Figure Charts to see movement
3. Keep track of support and resistance
4. Sell in and out fast. Always leave money on the table.
We will trade as straddlers in a sense this week as we gamble on an upsurge, before a true potential of correction.
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