So the railroad track reversal from last week was profitable but very short term. And as suggested in the video, during times like these you need to think about protecting those one-day profits quickly by adjusting your stops, particularly at a time like this.
A time like this is means where there is volatility in the air due to oil instability, earnings being upon us and now the OVI wobbling.
At a time like this our strategy is very simple … keep an eye on potential excellent reversals (railroad tracks in particular) or bearish trending stocks. Otherwise just observe until things settle down.
If there’s one thing you should appreciate by now, it’s that the markets aren’t always fit for purpose and you can choose when you want to play.
If there’s another thing you should appreciate by now, it’s that the markets do always come back to be fit for purpose! So be a little patient and you will be rewarded!