Hi ,
finally we saw the pullback in the markets. I have no idea if we will see only a minor pullback or major correction. It’s not my job to predict anything. Instead I observe my small trading niche, the behavior of stocks and the indices. They will give me all clues I need! During the week I continued to take profits and sell trading positions. When the markets start to correct, the first thing I do is get rid of margin and reduce the overall exposure to a normal level (50-100%). Being defensive is important! A few words about the short squeeze discussion: Ignore it as much as possible! I don’t trade such type of stocks, I don’t need that excitement and thrill, I don’t like to chat about that … I try to ignore everything which distracts me fro my own trading. Leave the stocks, excitement and thrill for people who need this or professional day traders who are specialized in trading that type of price action. Here is what you will find in this newsletter:
- Questions and answers from the subscribers forum
- Comment on the current market situation: Markets started a pullback
- Stocks I am watching at the moment: $APHA, $ONEM, $ICLK
- Trading video: Accumulation and distribution in stocks. Understand supply / demand, price and volume action.
If you have questions, please use the subscribers forum.
Thank you and good trading, Julian
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