If in doubt...stay out.

One of those old sayings that often rings true. Good to keep in mind in this current market environment.

 

you gotta double up to make it up

 

You have to be in to win.

 

What if you're "often wrong but rarely in doubt"?

 

When are we ever certain?

I think that one of things that separates good traders from bad is the ability to accept the uncertainty that is inherent in trading/investing. Always have a plan B.

 

At least, in terms of long/short positions intended for longer term (week or more) holdings, and without nose-to-screen monitoring. An ADX of anyone's parameters is well below 25 -- "Woof!"

(On the other hand, a VIX above 20?? == $$$! for the option crowd.)

 

1. Assess the situation.

2. Make a play on it.

3. Set stop.

Always attempt to "risk a little" while trying to "make a lot".

KISS as always.

 

Lol cmon man

 

first way is the wrong way

 

If it don't fit, you must acquit.