The solution to the problem is to stay with the trend and shorten your holding time. I've made the total transition from a position trader to a swing and sometimes even a day trader over the last 4 months. Book your smaller profits and ride the trend either way.
Looks like you are right. We might not even have gap down tomorrow. Asia and futures are recovering. We might even gap up on optimism that there will be no more warnings from INTC until next quarter
Nasdaq futures down around 4 and s&p futures about unchanged. Asian markets are in ralllllllly mode yet again. Simple as this, tomorrow markets open up slightly down, this will be the buying opportunity, by mid morning they turn green and stay green until the 4pm closing, AAPL reports tomorrow afternoon, I'm sure it will be a blockbuster earnings report and trade 105-110 tomorrow. All is good, any 5-10 point dip in the nasdaq should be bought and 10-20 point dip in the dow should be bought. Dont fall for any selloff. The asian markets after their brief pullbacks last week are back to record highs again especially the Shanghai and BSE 30. Continue to buy. The risk only comes when shorting.
Symbol Name Last Trade Change Related Info ^AORD All Ordinaries 5,626.10 12:11AM ET 24.30 (0.43%) Components, Chart, More ^SSEC Shanghai Composite 2,856.82 12:10AM ET 35.80 (1.27%) Chart, More ^HSI Hang Seng 20,120.00 Jan 16 92.05 (0.46%) Components, Chart, More ^BSESN BSE 30 14,160.80 12:40AM ET 46.07 (0.33%) Chart, More ^JKSE Jakarta Composite 1,755.18 12:40AM ET 0.89 (0.05%) Components, Chart, More ^KLSE KLSE Composite 1,135.94 Jan 16 3.33 (0.29%) Components, Chart, More ^N225 Nikkei 225 17,312.41 12:20AM ET 109.95 (0.64%) Chart, More ^NZ50 NZSE 50 4,073.33 Jan 16 6.19 (0.15%) Components, Chart, More ^STI Straits Times 3,053.38 Jan 16 15.17 (0.50%) Components, Chart, More ^KS11 Seoul Composite 1,377.87 12:40AM ET 11.84 (0.85%) Components, Chart, More ^TWII Taiwan Weighted 7,833.98 12:40AM ET 41.90 (0.54%) Components, Chart, More
im bearish but still believe the bulls will own the markets once again. JPM reports tomorrow before the bell anything really good out of them will help the dow into the green by 9:30am. As for the nasdaq, no worries. INTC will trade down while the rest of the nasdaq does its own thing, RALLY.