Scale out in a sloppy market
It’s been messy out there lately! Strong opens
have been sold and weak opens have been bought. Morning trends have been
reversing on a dime, never looking back and quickly turning tail in the other
direction. Weak closes followed by strong opens are downright confusing. It’s
Friday, and it feels like it! Sometimes the market’s just that way.
If your trading approach has been showing you some erratic results, it’s
important to take a step back and wait for better conditions. While the market
is never clear on the next direction it will take, waiting for more of a settled
market environment before becoming aggressive again offers a few advantages.
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