Flustered

“The reason most people never reach their goals is that they don’t define them, or ever seriously consider them as believable or achievable. Winners can tell you where they are going, what they plan to do along the way, and who will be sharing the adventure with them.” –Denis Waitley

We didn’t get far today but I did cover more of my shorts, leaving me now only with FB and TSLA short.

I’ve got buy levels and short levels ready to go, but which ones trigger my next trades only time will tell.

Honestly, I’m a bit flustered after getting spanked this week in my short positions so I’m not so sure I’ll be doing anything until Monday, after a few days of reflection and clearing my head…beer!

SPY April 15, 2016

SPY printed a Doji today which means it may change direction but we need a lower close tomorrow to confirm it.

Chances are high that we reverse lower now since I’ve covered most of my shorts!

Sometimes I’m very in sync with markets, other times not so much.

It’s just part of the trading game.

These are my thoughts on the SPY ETF in my Daily Trade Ideas which includes many, many more charts and setups. Subscribe to my ...

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Louis Jackson 8 years ago Member's comment

I know what you mean as I have also had to cover shorts. I'm long term bearish, but I am starting to think that all time highs may be seen before there is any kind of meaningful correction (ie 20%). I can't believe I am even thinking this bullish! Gasp