Institutional stock traders have besieged trade the trend investors like us. In cold, evil, rage, Institutional traders are selling into the up swings and buying to cover shorts into the down swings to compact the swing range too narrow for the majority of us to make money in. This has made head fakes both to the upside and to the downside over the past week.
What has scared bears like myself is that an official higher low is now in place with confirmation today.
Like I wrote about last week, the life cycle of the previous downtrend channel has come to an end. We are now in nomad land while a new channel is being created. We do not have sufficient data as of the close today to figure out if we are moving into a sideways trading channel, or an uptrend channel.
As there is no obvious trend, then what must trade the trend traders do? Move to the sidelines and the shelter of cash.
At present we have been in cash twice over the previous couple of weeks and when we thought a new trend had been established making us jump back in, it turns out we were head faked and slaughtered. I do not know about you but I'm tired of getting my butt kicked by the better equipped and armed Institutional traders.
Someday we may have a Traders Bill Of Rights where the battleground is made just, but for now, inequalities continue to exist amid professional and amateur traders such as Institutional traders have access to all limit orders, they have direct access to market makers and can make non-open market trades, they have access to a faster stock data feed and can use high frequency trading schemes against us, and they use the media groups to manipulate public opinion about a corporation or the economy as a whole.
Something that is also key is that on the daily chart of SPY, bulls have re-taken the 50 day MA although we still need verification of the break.
The mistake I made was leaping back in this market twice now and being incorrect both times. This suggests that I ought to raise the bar for what I judge to be a new trend taking shape. This suggests that I should find more bullish or bearish indicators on the charts of stocks than I have in the past. Even a Bearish Head and Shoulders Top and a Burial Cross was not enough to bet my money on the short side. Not even a Bullish Downtrend Channel break was enough to place my money on the long side. Each and every one of these indicators have meant nothing over the last several weeks. The only thing that these technical indicators have accomplished is to lure us trade the trend traders from off the sidelines and into an ambush where we have been slaughtered by the thousands.
[youtube GRYkipOAEmg]
Institutional stock traders have besieged trade the trend investors like us. In cold, evil, rage, Institutional traders are selling into the up swings and buying to cover shorts into the down swings to compact the swing range too narrow for the majority of us to make money in. This has made head fakes both to the upside and to the downside over the past week.
What has scared bears like myself is that an official higher low is now in place with confirmation today.
Like I wrote about last week, the life cycle of the previous downtrend channel has come to an end. We are now in nomad land while a new channel is being created. We do not have sufficient data as of the close today to figure out if we are moving into a sideways trading channel, or an uptrend channel.
As there is no obvious trend, then what must trade the trend traders do? Move to the sidelines and the shelter of cash.
At present we have been in cash twice over the previous couple of weeks and when we thought a new trend had been established making us jump back in, it turns out we were head faked and slaughtered. I do not know about you but I'm tired of getting my butt kicked by the better equipped and armed Institutional traders.
Someday we may have a Traders Bill Of Rights where the battleground is made just, but for now, inequalities continue to exist amid professional and amateur traders such as Institutional traders have access to all limit orders, they have direct access to market makers and can make non-open market trades, they have access to a faster stock data feed and can use high frequency trading schemes against us, and they use the media groups to manipulate public opinion about a corporation or the economy as a whole.
Something that is also key is that on the daily chart of SPY, bulls have re-taken the 50 day MA although we still need verification of the break.
The mistake I made was leaping back in this market twice now and being incorrect both times. This suggests that I ought to raise the bar for what I judge to be a new trend taking shape. This suggests that I should find more bullish or bearish indicators on the charts of stocks than I have in the past. Even a Bearish Head and Shoulders Top and a Burial Cross was not enough to bet my money on the short side. Not even a Bullish Downtrend Channel break was enough to place my money on the long side. Each and every one of these indicators have meant nothing over the last several weeks. The only thing that these technical indicators have accomplished is to lure us trade the trend traders from off the sidelines and into an ambush where we have been slaughtered by the thousands.
[youtube GRYkipOAEmg]
Institutional stock traders have besieged trade the trend investors like us. In cold, evil, rage, Institutional traders are selling into the up swings and buying to cover shorts into the down swings to compact the swing range too narrow for the majority of us to make money in. This has made head fakes both to the upside and to the downside over the past week.
What has scared bears like myself is that an official higher low is now in place with confirmation today.
Like I wrote about last week, the life cycle of the previous downtrend channel has come to an end. We are now in nomad land while a new channel is being created. We do not have sufficient data as of the close today to figure out if we are moving into a sideways trading channel, or an uptrend channel.
As there is no obvious trend, then what must trade the trend traders do? Move to the sidelines and the shelter of cash.
At present we have been in cash twice over the previous couple of weeks and when we thought a new trend had been established making us jump back in, it turns out we were head faked and slaughtered. I do not know about you but I'm tired of getting my butt kicked by the better equipped and armed Institutional traders.
Someday we may have a Traders Bill Of Rights where the battleground is made just, but for now, inequalities continue to exist amid professional and amateur traders such as Institutional traders have access to all limit orders, they have direct access to market makers and can make non-open market trades, they have access to a faster stock data feed and can use high frequency trading schemes against us, and they use the media groups to manipulate public opinion about a corporation or the economy as a whole.
Something that is also key is that on the daily chart of SPY, bulls have re-taken the 50 day MA although we still need verification of the break.
The mistake I made was leaping back in this market twice now and being incorrect both times. This suggests that I ought to raise the bar for what I judge to be a new trend taking shape. This suggests that I should find more bullish or bearish indicators on the charts of stocks than I have in the past. Even a Bearish Head and Shoulders Top and a Burial Cross was not enough to bet my money on the short side. Not even a Bullish Downtrend Channel break was enough to place my money on the long side. Each and every one of these indicators have meant nothing over the last several weeks. The only thing that these technical indicators have accomplished is to lure us trade the trend traders from off the sidelines and into an ambush where we have been slaughtered by the thousands.
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