Just like last week, I urge you to stay in cash, this is not a risk-on environment, and it’s definitely not the right environment to buy breakouts.
If we see real strength, we’ll have plenty of time to ride the wave.
We don’t have to “guess” the bottom to be profitable.
If you do want to take a position, buy on pullbacks with a maximum risk of 0.20%, and definitely don’t hold through earnings if you don’t have enough cushion (you saw what happened with INTC, FTNT, and others).
If you want to short, don’t short a stock that has already gapped down, the EV is far too small. Short into a declining moving average (such as the 10, 20, or 50 MA).
Every trade you make must make sense from a risk-to-reward perspective.
To see exactly when I buy and what I sell in real time, join the private Discord server. (*available only to PRO members)
This is my performance from previous years.
Copy my complete strategy and start trading these high-probability trades here:
High Probability Trades
Of all the tickers on my watchlist, these are my high-probability trades for the coming week.