Vix is rising and dollar has bounced back a bit.....enrgy XLE is starting to roll as well as Xlf financial
we are down at the am lows for test ......we wait for a bounce back up to top of range before we jump back in to the short side......
.NeboXian Says
.the best way to lose money is to trade against the prevailing trend ....which is down to day.......problem is if you go long here and the trade goes against you ...then your trapped in the trade hoping it will come back to let you out.....and it also absorbs your mental capital because you cant concentrate on new opportunities b cause you brain wont let the losing trade go ......so you usually lose more .....its a vicious cycle.........the only thing you control here is when you jump in and how much you are willing to risk if the trade moves against you.