If you read enough news about the stock market today you would think we are in a depression.
The market is still looking for a direction. Or so they say…
This comment is mostly coming from short-term day traders. The market clearly has a direction. It’s up.
This is going to sound like tough love but if you can’t be patient for a week you need to rethink your trading goals. I have witnessed more trading accounts blow up over the years because of a lack of discipline than any other factor.
I can’t stress enough to let the market tip it’s hand before you get aggressive. Reducing share size does not reduce risk, it also doesn’t make a low probability trade better.