SPY KEEPS ON TRUCKIN’

On my Trading View account (JayC81 if you wanna look me up there), I just published this chart. Notice, I started my spiel off with “Unbelievable!” Know why? Because it is…

As I have said quite a few times recently, the technicals and fundamentals are mounting in favor of the bears. Yet, through it all, the market keeps moving up… like a freight train – you just can’t stop it.

So, my question is this: should we, as traders/investors, care if it goes up or down? I ask, because I have been focusing on when to short the market, while missing opportunities to long the market. In doing so, I have missed out on some pretty good gains. Any good trader can make money when markets move up, the same as they can when markets move down.

My point is this: don’t be shy! Always keep your eyes open for good opportunities. It’s always about the opportunity, more so than the direction… in my opinion. I am now playing the market both directions. That is the game it wants to play, so that’s the game I’ll bring.

I always say – LEARN TO PLAY THE GAME! If you can’t beat em’, join em’!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s