Trader Dan says Be Careful
There are enormous cross currents at work in these screwed up markets at the moment so traders make sure that you do not bet the farm on any one trade. Someone else is liable to own your farm! These are some of the most difficult to read markets I can recall seeing in my entire trading career. The day to day run ups in price or selloffs are brutal and are being compounded by an increasing number of traders getting fed up with the constant whipsaws and thus exiting their positions leaving less liquidity and more volatility and unpredictability as a result.
Be careful
Trader Dan
lost the farm long ago, now betting the outhouse.
Nothing but a day trader’s market–very tough.
very tough indeed, gaps that tend to always be filled with an ihs breakout and backtest.
who wins and why doesn’t he tell us?
http://schrts.co/PVmvuC