DAX down here -2.5%
So many different ways and styles to play the market.
Find what works for you and allows you to sleep.
We're all watching closely and with the board information as a guide, there are many ways to succeed.
Whether you just find a gain of 15%, 50%, or 150%, it is successful and making sure you're in a better spot than last week.
On oil, I think it's early for an entry, I have my eyes on DBO, but I will portion buy, 25% steps, spread out over a month +, with doing everything I can to make sure the last 2 buys, the last 50%, is at a higher price than the first 2... Trying to make sure I am buying into an upward channel that has come back down to support area.
Same approach can be used here on SLV. Here and now it's tremendously undervalued when compared to Gold. It's stuck being considered just an industrial commodity and not a good store of value, in the most manipulated area around. Golld very possibly has an inverted H&S working here and testing a neckline area.
On options, working a bear spread can help reduce risk. If you're going to make a "swing for the fence" big bet, then go with ATM or ITM plays. Going a few weeks out also gives you some time for a "not perfect" entry.
Hopefully you are immediately up on the position, and if so, not a bad idea to then take a portion off the table...
Instead of a "take the profits" stance, you can get to a "playing with house money" situation and then feel better about letting it ride.
We all have to admit, we don't know if we'll be at 2900 or 2500 a month from now. Find spots where the pack is out of position, where they have trapped themselves, where they are long on the pile or "too short".
Latest data says we still have a big short interest position out there, that's concerning... Be careful and don't be stubborn in positions. In one sentence we can say the market should be below 2500, and in the next say it shouldn't shock anyone when it finds a way to come back to the middle of the fork...
Wait and Find the out of balance spots as your entry, Don't take a position and expect the market to go "out of balance".
