MY THOUGHTS IN MIND - NEVER BUY IF you are rushing into it, with your mind out of the game - NEVER SELL IF you are risking large financial loss, in a market that will most certainly recover - STICK TO YOUR PLAN don't make foolish decisions that will require more time to be invested in SWING trading or some other activity to recuperate.
I currently see some of the best options in the Mid Cap energy markets where some swing trading can be done on a daily basis to allow for some P&L variations that are hopefully in the green. Now an important part of the current trading atmosphere is to keep in mind that a long recession is most likely here. Significant recessions tend to arrive around the 10 year mark and 2007 was the last one and it really ended around 2013 so we are within on schedule which may be an indicator of a recession that will devastate certain areas. However I am optimistic with the belief that the economic markets will be in a downtrend for no longer than 2 years if this is the case, in my mind this could extend to 3-5. The energy markets will continue to have good opportunity as the need for it never goes away, however Mid Cap is my furthest down I will go for energy markets I believe as to reduce risks during this economic uncertainty.
All of these things are relative to a unlimited number of variables so of course we need to always be on the lookout. Just keep your head up stay with your head in the game and it will be fine. If you have and idea's let's get talking in the comment section!
Thanks and good work on sharing your first chart with the community. Hope you liked the learning process. Let us know if you have any feedback. 👍 @Nico.Muselle, TradingView Mod Team