After a long break I am getting back to writing. I will now write more about the indexes and stocks that I actually trade. Last couple of weeks wrecked havoc for all traders, I am sure. But it’s time to get back into the trading mindset and make sure we are all prepared for very possible, now, Bear Market.
Today I traded RUT, XLV and XLE
RUT trade is a bullish trade. I am betting that it will go up within the next two months. As always I calculated my risk and position size. My reasoning is the small bearish candle and slowing momentum.
XLV and XLE are bearish trades. I am betting that these two will go down or stay at the same level in the next two months. With XLV I am hedging my bullish position and with XLE I am bearish since it penetrated the support.