Navigating Volatile Price Action In This Market

THE WEEK

Big trading volume on Wednesday, Thursday and Friday with Market going down hard as sellers dominated.  The candle pattern is called three black crows and is many times  an omen of worst to come. 

LOOKING AHEAD

Lots of stocks will be reporting their 3^rd quarter  earnings this coming week.  This causes more uncertainty in their price action.  We don’t know how they did financially until the announcement but more impactful on their prices is how the trading herd will react.  I have seen sell off’s and buy in’s at announcement with no correlation to the reports. 

There is a lot of chaos in the world right now, the Israeli/Hamas conflict, the situation in the Ukraine, and also on the home front with our congress scabbling over funding the various conflicts and designating a new Speaker of the House.  All this background noise is showing up in the Price/Action of the Market.

HOW AM I DOING?

Rough week for the Market which was down 2.39%.  Excluding the stock I was put to weeks ago, I only added $968  to my account.  When the loss on the put to stock was added to the mix I had an overall loss of $670.86 (-.9% for the week).   

Because of the chaos and unexpected hard downs in the Market, I will probably have to massage a lot of my trades back to profit or at least break even before exiting.  It is a perfect time for this week’s deep dive subject.

This week’s Thursday DEEP DIVE

Salvaging Bad Trades When Things Go Wrong 

Don’t Give Up - Look for Ways to Massage Back to Profit