Luckily flat is a position, often the best one, and no one is making us do a trade. Easy to say, tough to do, because in anything else in life the opposite is true … the more effort you expel, the more positive results you get. Try explaining that to the subconscious that dictates 95% of our habits, beliefs and actions. If you are interested in the neuroscience of trading in layman language and how it can help your trading, join me for a webinar July 23 sponsored by FFR Trading. It’s free! Use this link to grab a spot.

Now if I really wanted to have some sort of position, I would favour long Apple and long Tesla. Tesla had a sell signal at $320 fell to $290 and is now on verge of a buy signal at $320 again. If it won’t go down, it’s probably going up, so I like this one. 

Apple (chart above) is in a converging triangle and my bet is higher. I have been waiting for a break lower, to see if sellers dry up, and then buy. So far just consolidation. Bigger picture I expect higher. 

Thanks,

Joe