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4th April 2018
With trading there are 3 things to remember:
- Don't overtrade - less is more
- Don't over leverage
- Keep it simple
Markets seem directionless at the moment (though that can instantly change).
So i'm sitting on my hands (rule 1).
Good plan..... If in doubt, stay out! Better to be out wishing you were in, than in, wishing you were out!
Annoyingly for my shorts FTSE keeps outperforming.. suspect it’s end of tax year ISA related.
US markets dominating direction though.. nice down channel. Looks like 2530s is next, then probably another bounce back to the 200 dma, then down again.
Still think 2400s before this is all done. Pretty similar pattern to the cryptos.. everything was already overvalued last summer but went into bubble mode in August/September. Once that’s fully unwound we might have a rally that sticks
Got the dip and rise today.