Visibility: Public
Read/ Watch Time: 23 minutes
There are times when all I read and study tells me that the Big Bear Market is here. If so, every rally should be suspected of trying to take your hard-earned money.
There are other times when these rallies look so good that we must be starting a new Bull Market.
It’s easy to feel torn between the two. However, this is also when the markets are designed to take the most money from the most people.
Start with limiting the noise. Then, follow a process.
I have to remind myself of what I know to be a good strategy: Buy What is Working and Sell What is Not Working.
A solid system to pair with these Pillars should tell us when something is working and when it’s not.
The most comfortable way to do this is to follow the long-term trend and to trade the shorter term chart.
Here is the link to the Tweet from @MacroAlf on the Global Credit Impulse: https://twitter.com/MacroAlf/status/1553503807409213440?s=20&t=IiYFXvhk7oqDw2Ao8jsOCw
Let me know if you have questions.
Please feel free to teach this to your family and friends. We appreciate the referrals.
Here is the video link: https://squiggletrader.com/wp-content/uploads/2022/08/Markets-Update-Torn-08012022.mp4
Cheers!
Bo – Chief Squiggler
Help Yourself. Help Others.
Disclaimer
This communication is not a recommendation to buy or sell any security. It is not to be considered financial or investment advice. This is an educational and training tool only. If a specific security is mentioned, it is for illustrative and hypothetical purposes. You must use your own knowledge to determine what to trade, how much to trade and when to buy or sell. Investing and Trading involves risk and you can and will lose money. Past performance is no indication of future results. You should practice with fake/virtual money (paper trading) before risking real money. All communications and videos are for members only and are not to be shared. Consider all content copyrighted.