+++the "my horns are better than your claws" trader psychology+++
I'll be day/position-trading options tomorrow up & down/calls & puts...then again, I may just sit-on-hands...The plan is to trade what I see...not what I hear...
Stocks may go up tomorrow, maybe even the next day (maybe not at all)...lets be realistic here...Today the markets crashed through their 50 day moving averages...and then slowly rallied back up the rest of the day (barely even closing back above the 50dma)...I just dont see how that is something to get overly excited/Bullish about... I'll get bullish when we break through the descending trendline made from connecting the last two swing highs...
Im looking for some calls now, but even if I do trade some calls, there is absolutely nothing to suggest that this correction is over yet...
I did some board surfing and I see so many traders that are "stuck" "debating against" the bulls or the bears...lol...I have never figured out why they waste the time...Its like they completely fail to realize that Everyone is a Bull and a Bear... ...No matter which direction we are going, we are bullish our open positions... ...and when we close those positions, we are all Bearish...
So many traders feel the need to categorize themselves and then waste unbelievable amounts of time defending their stance...= an unconscious weakness... Meanwhile the market just keeps on moving...
...heres my .69 cents = let the hardcore bulls and bears waste all the time that they want arguing or deliberating in a perpetual state of confused uncertainty... ...Always Play the middle...because if you are positioned in the middle...you have 360 directions to go if need... ...bulls & bears arent the only animals to choose from either...I would rather be a Chameleon, which can adapt and jump into any environment...unseen...
Right now, the market is in a period of uncertainty (no-mans-land)...so the bulls as well as the bears are both miserable...& misery looooves company...you are always invited...lol
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