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Replies to #29867 on Cycle Trading
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Duma

01/24/24 7:55 AM

#29868 RE: No-Quarter #29867

Just got to trust the charts. It is hard sometimes when all the news says something else. To me it is all about probability. My rules tell me what has worked in the past and that says there is a good chance they will work in the future. But following the rules is really hard. I have made some trade mistakes over the past two weeks, but I have managed to do okay. I have narrowed my focus to just 3 etfs, SPY, QQQ, FNGU. But my execution is still not where it needs to be. But I am for sure doing a lot better than I have ever done before.

It is easy to look at a chart and say yes there is where I should have traded. Doing it in real time is the hard part.

I would love to just do a buy and hold as most money managers do, but I am willing to give up some gain to protect against a major drop, that I feel for sure is coming.