trading

trading

Saturday 29 February 2020

“Trading without a stop-loss is like driving a car without brakes. Those who trade without stops, eventually stop trading. "

"In summary, there is total panic in the markets right now, as technical support levels mean nothing. These massive oversold conditions will eventually lead to buy signals. The last time we had anything close to this many oversold conditions was on December 24th, 2018. The rally from there was a strong one. There has been more damage done now, and this is perhaps a medical crisis, not a financial one, so things could be different. But eventually, there will be buying. It is a matter of remaining patient and waiting for confirmed buy signals."



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