The market does not know if you are long or short and could not care less. You are the only one emotionally involved with your position. The market is just reacting to supply and demand and if you are cheering it one way, there is always somebody else cheering it just as hard that it will go the other way.
How do I plan to play XIV? I am looking to play a bounce after a healthy pullback.
I set alerts if the following happens…
1. Price trades above the 5-10-15 SMA
If you don’t set alerts you have a lower probability of catching trades. I set alerts with my online broker instead of my charting service.
Enjoy your evening,
David O. England
This information is for Educational purposes only. It shall in no event be construed or interpreted as an offer or recommendation to buy or sell securities of any kind.
DAVID O. ENGLAND is the founder of the Eye on the Market-Training Academy and Associate Professor Emeritus of Finance. This column is presented for educational purposes only and not intended as financial advice.
If you have a question or comment, contact David England at email@example.com.
https://davidoengland.com/wp-content/uploads/2015/10/doe_logo_trans-with-tagline2015.png 0 0 David O. England https://davidoengland.com/wp-content/uploads/2015/10/doe_logo_trans-with-tagline2015.png David O. England2016-11-01 22:58:112016-11-02 14:20:46EOM Trading Tuesday: XIV 11.1.16