The great attempt at a new bear market has finally ceased – done – over with. My attempts to short this market were deemed futile – and in the end had nothing to show but a sea of shorts that mounted to really nothing but red in brokerage statements. The action that the market portrayed early on in January, never really broke down like I had confidently expected it to and as a result found it all to be quite discouraging, but I’m not really that discouraged though with my trading in general. I followed my plan to a tee and still remain quite confident that I can rebound from some of these early losses experienced so far this new year. As my father used to say, “This too shall pass” – I know that being down about 5% on the year, isn’t really a big deal and that ultimately I’ll recover from these flesh wounds and get back in the green sooner, rather than later.

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But for those bears out there who have suffered, know that you’re not out of the game, and that you can definitely rebound. I had an array of losses in my swing trades from AGN, AMZN, AVP, BBBB, CSCO, GPS, GS, HTH, JPM, SLGN, and SDS to name a few. They have all been closed out for losses, most of them this week alone.

So from here, it is time to start looking long, wait for the market to pull back some, and try to make up some of these losses going forward. I’m confident it will happen.

 

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