A Common Move You Shouldn’t Chase

Posted by Joe Duffy | Mar 26, 2024 | Joe Duffy's Trading Advantage | 0 |

I have a great streak and then I will be patient. There is no other way to win at the trading game for me. Right now this environment is a low probability situation for me. So I don’t force anything. I just sit and wait till I see something I like and recognize. Over the long run patience pays. In the short run it’s sometimes difficult. So until the SP 500 does some mean revision I won’t be trading.

Let me shar my "Eureka Moment" as a trader: The single most important lesson I learned... and why this catapulted me to success as a trader. (I've never revealed this anywhere before.) click here:

On Monday I indicated here that I wanted to buy oil stocks, especially Chevron. The latter gapped up. I don’t chase gaps as a rule, so I never did anything with this stock. I will continue to monitor.

Thanks,

Joe

About The Author

Joe Duffy

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