Tough On Investors, Kinda Nice For Technical Traders

Tough On Investors, Kinda Nice For Technical Traders

Make no mistake about it, I’ve been freaked out like any other investor out there. It all started at the beginning of the year when I noticed a sharp tumble in stocks. And we’ve been sliding downward ever since…

For longtime investors, we know that historically, the stock market wins, but wow… this reason downward slide has been painful. I hadn’t updated my holdings since April, and now I feel that there could be a light at the end of the tunnel, which is why I started updating again.

Regardless, this cloud has had a silver lining, and I’ve been a lot more successful this year with my day trading. Of course: 1) I’ve been extremely careful not to risk too much for a potentially huge gain. 2) I’ve seen modest wins and my only losses were two trades of Pfizer (PFE), which according to analysts should’ve been hitting a homerun, but with PFE, I should’ve known better. Big Pharm stocks tend to be wishy washy.

But we’ll see what happens in the next few weeks… will the stock market begin to rebound?

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Portfolio Manager & Musician

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