After Monday, which was a very big down day, I was feeling out of sorts. That seemed odd, considering what a good day I had. On Tuesday, I had a relatively bad day, but I felt a lot better. It made me realize something: I’m a salmon.
What I mean by that is that I seem to be more comfortable swimming against the stream. I’d much rather hunt down opportunities in a market which is surging instead of “selling into the hole” and chasing stuff lower. Sure, a plunging market on Monday should have felt great, but it didn’t. Perhaps part of it was that I had misgivings about what was coming next, which turns out to be rather prescient.
Of course, my little metaphor falls apart if one thinks about it too long.
In any case, I lightened up quite a lot late Monday, and I remain relatively light right now. All this zaniness about the trade war is making the market even harder to trader than normal, and the higher we bounce, the more comfortable this fish is going to feel about getting aggressive.
