Gloomy days for capital and capitalism ahead as we fast approach the much anticipated 'fear' cycle peak in Q3'17, strap on your seat belts folks, its gonna be a bumpy ride...
aka The Rational Investor
I was already short, for the record... lets see how it plays out. In my setup, instead of defining the stop through the previous high, i use a trendline traced from the $316 top to the recent $238 top. If that line breaks with volume, or with bullish indicators, then I consider that to be my stop. That way, I can have a tighter stop (plus it actually goes lower every candle), and therefore less risk. Right now the line would be hit at about $231, although its not an automatic stop; it is more the price at which i start to hunt for confirmation to stop.
Makes sense, or is it the most ridiculous thing you have ever read?
hope that helps and all the best
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