I was telling someone bout my trading methadology. And it came off the top of my mind that, mine is somewhat like a windsurfer dude. A wave is excellent fun, if you are riding it. If you’re standing on a beach with a tsunami approaching, not too fun at all. If there are no waves (sideway movement), why on earth are you peddling out there with your board?!?! U could be peddling for YEARS literally and not see a wave come by.
Stocks can remain oversold for a VERY long time in a bear market. The reverse is true in a bull market. I cannot understand how some people use oversold and overbought as buy and sell signals. The latter may work (resistance holds in a bear market – theory) but the former? Cheap gets cheaper man.
The market is merciless. Has been, still is, and always will be. Bulls or bears, whoever is in its way, BOOM!
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