 I have never seen a trade which had so much going for it do nothing than this Euro. There is something not normal about currencies and stocks right now. Neither cycle or sentiment values seem to matter any more. Not sure if these are central bank interventions, or virus symptoms or election related. Most of us are underwater on the euro trade. It is not only damaging our trading equity but our emotional equity.
I am ready to move on to markets which are moving. There are different ways to trade that still seem to work and there are set ups that we can trade. We will be posting these ideas in The Pit today. In the mean time, let Tyler and I know how to proceed with your current positions. Do you want to hold on, do you want to reduce your current exposure 50%-75% or do you want out completely? Let us know.
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This PageThe Speculation page is used for educational purposes and to talk about current trades we are in. The Pit is where we post new trade recommendations. This is also a blog page where you can ask questions, post your thoughts or ask for help. Be sure to use an anonymous name as you may not want your neighbor knowing what you are up to. Archives
October 2020
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