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Above all else, I wait for the right setup to come along and take advantage of it in the right market conditions.

Chasing rallies with long positions when the market is overbought, and pursuing downturns with new short positions when the market is clearly oversold is simply not for me. The sell-off that started on Friday came about suddenly and swiftly and to have predicted it with any level of certainty was impossible. 

So I quickly took my gains in my long positions, lessened my exposure and sat mainly in cash. 

I will let the market come to me, and in doing so, I will: 

1) Manage risk in a way that any loss to the portfolio will be small and quick

2) Any loss that could be had, will be minuscule to the reward that the trade offers. 

And as a result I will have:

3) A trade setup that is risk appropriate and a favorable reward scenario that mirrors current market conditions.

When I have that, I will put the trigger on my next batch of trades. If we get a bounce tomorrow there is a good chance, with all the support that has been broken, that it will be unsustainable and as a result offer some incredible trading opportunities. Other trading services will be busy covering their losing positions, while I’ll be initiated winning trades. 

If you aren’t so sure, then check out my past performance – it speaks for itself, and one of the few services out there that prides itself in transparency and provides a fully-detailed past performance for anyone and everyone to evaluate. 

So check it out and try the SharePlanner Splash Zone with a Free 7-day trial that offers you access to my trading room as well as real-time trade alerts via text and email. And if you need to, at no additional cost you can automate my trades through Ditto Trade. 

With The Splash Zone, you will get my low risk and high probability trade setups that no other trading service can offer.

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