What, me worry?
Alfred E Neuman never got worried, or Mad.
As a trader, we cannot afford either of those luxuries either.
Bounces , head fakes, and volatility are a trader’s best friend. They provide opportunity for the sophisticated investor who understands timing, price levels, stop runs, risk/reward and rhythm.
Education in this business is quite expensive, one way or the other. The market says “Pay me now, or pay me later, but pay me you will”.
Many non-professionals are shaking their heads, wondering and worrying.
The professionals, meanwhile, just continually exploit the charts as the patterns emerge.
Step by step, day by day, we digest the new information as fast as we can and react accordingly.
The recent movement of the market has been a trader’s Heaven.
Do you want to stop worrying and learn the rules?
While the bungee is doing it’s thing, try to “time” the floors and ceilings. If you are new at the game, it may be easier to just try an time one side; the highs or lows
If we are hitting in the direction of the trend, our results will usually be more productive, and life less stressful.