What was that?

15 thg 10, 2018

As any prudent trader would say, anything can happen in the market. Something else any prudent trader would say is that you must employ tight money management. I made 8% shorting, then lost 2% because of this sudden take off. Guess what? I'm OK! Though I wish I had caught this move up, here's the opportunity for me and anyone who's willing to stick to a couple of fundamentals:

• Little volume before the breaking of a trend line can be a sign of a false breakout.
  
• When you see a long wick, bet against it.
  

I'm willing to stick to my fundamentals. What's your position?