There are Alot of Issues to Worry About Regarding the Stock Market $SPY $QQQ $STUDY
This post will surprise you. I am neither a bull or a bear. I simply read market action and believe there are always reasons to worry regarding the stock market. Instead of worrying, have a trading plan that you can actually follow. I speak to alot of aspiring traders as well as successful traders. Even those that have a trading plan, following it is another issue. Only a select fee really understand this is all a game of probabilities and numbers. These unique traders follow their rules and do not over ride their trading plan. Thus this some traders in this unique group have been able to stay in the markets and make a living. It is never easy and there are always losses and long draw downs ( especially now for many traders).
Will give you some issues to worry as I see them…
1. The rise of ISIS in Iraq
2. The extreme bullishness in the markets signified by the low VIX
3. Deutsche Bank declares the stock market is in a mania phase
4. Interest rates became negative in the EU
5. Resurgence of cold war with BOTH China and Russia
6 Weak Retail sales
7. Bank Of America: “A Slowdown In National Home Prices Is Coming”
8.The Downward GDP Revisions Have Begun
9 Russian companies ‘de-dollarize’ and switch to yuan
Instead of worrying learn to trend follow. You will not need to predict anything and you can alleviate your fears. You will trade with the trend. If gold goes up to X…you stand the possibility of catching it. Vice versa ,if gold falls to Y you can sell short. The same goes for the US dollar or anything.
However do not delude yourself. You need a plan with risk management, money management as well as mostly proper trading psychology. Even with this there is no guarantee you will make money. We are dealing with complete uncertainty…However having a plan with the above puts the odds slightly in your favor…
If I can help you, I offer one on one mentoring. I work with experienced traders to beginners. Just send me an email to arrange a time to speak…