Anybody else almost scared to go Long?
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I remember in the very deep past, very many years ago… I was trading manually, long only, on some time frames below 60min, frequently not having any stoploss orders, only some “mental” stops in my head – below some “trendlines” and “supports”. and when market was going against my positions and approaching them, I was some times (especially after series of losing trades) zooming out the charts to higher timeframes, looking for another, “stronger”, longer term trendlines and supports – and markets were going there faster than I could imagine, with persistency I could not believe, could not even imagine. and my losses got bigger and bigger… stupid, damned stupid me…
if one zooms out major equity indices very far enough one will see that they are in the “up-trends” since 50 and 100+ years. if one did not experience on his/her own psyche and own account what happend to the equities in 2020, 2018, 2015-2016, 2011, 2008, 2000-2002 (and so many more occasions in the deeper past), one might not even easily find all those drastic crashes and perseverant bear markets. if one zooms out far enough, one will find always some mega-super-duper trendline and/or support which “will definetely hold” and “offers unique entry opportunities”. and if one is bot-seller or broker or broker’s agent, one will frequently in one or another way “sell” that hope to the vast majority, knowing that this vast majority is going long only and seeking for “well-founded” reasons why and when the markets will reverse. before markets reverse, many clients will be bankrupt, but who cares… folks new to the markets will be comming soon and buying the hope. and bot-sellers will adjust their systems so they can show in their backtests how they magically managed to avoid recent crash or bear market and possilby bought at exactly the bottom. new level of “confindence” will be possibly backed by statements, that all what they managed, they did thanks to “artificial intelligence” tools they are applying in their systems’ development.
happy trading and cheers!
justisan
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There are also systems that can cope with the increased volatility…
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