ScottBogatin

broad review of markets

Education
NYSE:NYA   NYSE Composite Index
5.27.20 You make more money when you trade less,period. We spent a lot of time discussing patterns, price action, and market dynamics. No matter how nice the lines appear, all markets and are in two times when it is not clear to you... and at some point that feeling is important... assuming it is predicated on the market. For people who trade 8 to 10 hours a day, there can be an urge to take a chance and markets that are less likely to move in your favor. A lot of times these kinds of markets are bad for both buyers and sellers. At the end of the video I talk about the broad indexes when the equities markets which I think are very dangerous markets and have plenty reason to go lower even though they been trading higher. I go through gold, oil, that DXY, a few indexes, I didn't have time to talk about copper, but my sense of this is that you need to trade very carefully, and if I were mentoring a student, I would suggest to the student to trade less, not more in this market. in my opinion the patterns on the equities indexes is that this is probably a bear market and should move lower even though these markets have been moving higher. If your swing trader and your patient, and you have missed trades because you didn't like in market, the market will give you opportunity in the near future... and you will know it when you see it, but you will be less likely to trade it if you've had three losses in the meantime. I think gold is going higher, but that doesn't mean it's a long trade. Silver looks bullish, but it is up against significant resistance where there should be sellers. There are mixed messages in these markets. If you're a long-term investor, or speculator and you but gold at $750, you don't worry about this. if your swing trader who trades gold.... if I were a swing trader nutrients gold, I wouldn't be taking a trade today, and I'd have to see what it's doing the next day in the day after that; I would just sit tight. You don't have to take a trade every day, and if you have to work hard to find a trade, take a break from the market and stop looking at the market for a bit because if you don't do that, your spending psychological capital which is just as important as losing trading capital.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.