Trend Is Your Friend

The rule of the trend says that trend persists much longer than one can imagine and if you are on side of the trend - you will be right - 7/10. That’s the job of the trader. The trend of the market is down and that’s what counts. And when the trend of the market is down, do not waste time on predicting bottom because that will only stress your mind. There is no technical indicator that can predict the bottom. No one knows where all this will stop - here, 100 points down, 500 points down. You will know when the trend changes…How…your short trades will stop working. Concentrate on big picture and not on small individual data points or what some one is saying. All that matters is the trend. Never take your eye from what market has been doing recently.