In each bull market, there would be bear camps that come out and say the bears are coming and it would be worse than a particular year. Could they be right ? Of course! What's missing in the prediction is the timing. Nobody knows exactly when that day would be else Sue would take her entire fortune to bet on it (or would she ?)
So, in reading news article, we must not let such bear camps sway our thinking too much. Study the chart closely. What does it tells you ? The signs are there if one allows himself or herself to be calm and poised.
I am of the opinion we are not too far away from the 17 Feb 20 top judging where we are now.
I still get questions about if it is OK to go long now ? For shorting, it would be quite clear once 17 Feb 20 price has been revisited. For long, it would be a short duration (how short, I can't predict - maybe weeks or month) and the risk/reward ratio may not be that fantastic. We are about 128 points away to the top. Is that margin a good deal for you? I don't know coz each trader view profit and risks differently and have different time frame to bet on it.
Trade safely, always employ stop loss, apply appropriate lot size and manage your capital properly.
So, in reading news article, we must not let such bear camps sway our thinking too much. Study the chart closely. What does it tells you ? The signs are there if one allows himself or herself to be calm and poised.
I am of the opinion we are not too far away from the 17 Feb 20 top judging where we are now.
I still get questions about if it is OK to go long now ? For shorting, it would be quite clear once 17 Feb 20 price has been revisited. For long, it would be a short duration (how short, I can't predict - maybe weeks or month) and the risk/reward ratio may not be that fantastic. We are about 128 points away to the top. Is that margin a good deal for you? I don't know coz each trader view profit and risks differently and have different time frame to bet on it.
Trade safely, always employ stop loss, apply appropriate lot size and manage your capital properly.
