Yesterday I had a great call with Moe Ansari, who has over 40 years of experience trading and investing. We talked about the market and some technical analysis as to what we think about everything happening right now.
Moe and I share a comment thought which is:
IT IS NOT WHAT YOU MAKE, IT IS
WHAT YOU KEEP THAT COUNTS.
I have been pounding on the table for weeks since we closed out last trade in TLT for 20.07% profit on Feb 23rd, that cash is king, and it is more important to avoid uncertainty than it is to try and trade the random and volatile price action.
Subscribers of my ETF trading newsletter love the fact that our trading portfolio is at a NEW HIGH WATERMARK, and we completely sidestepped this market correction, which turned into a full out market crash.
I won’t lie. I knew a market correction was starting, which is why I adjusted our trailing stops to protect us if things began to turn south. But I did not expect a market collapse that would start a new bear market.
The good news is that because I strictly use technical analysis, position-sizing, and management of positions for profit-taking and trailing stops. We will never be caught on the wrong side of the market for more than a few days. So when a market collapse happens like what we are experiencing now, it does not affect our financial outlook.
As a technical analysis and trader since 1997, I have been through a few bull/bear market cycles. I believe I have a good pulse on the market and timing key turning points for short-term swing traders.
Visit my ETF Wealth Building Newsletter and if you like what I offer, and ride my coattails as I navigate these financial markets and build wealth while others lose nearly everything they own during the next financial crisis.