When opportunity knocks

Be patient and don't panic.
Any new positions will take time to grow.

Yes we are having a bearish day and yes we could see levels come down to the 50MAs - but this is when we need to start looking and testing the opportunities that might come our way.

Trading on a pullback when the market is bearish always feels uncomfortable and it is often difficult to stomach but we need to get through that and use what the market is telling us to our advantage.

• Support levels

• Chart patterns

• Candlestick patterns

• Volume

• RPI

• Energy bar

• Industry

• RelS

If, like us, you are already in positions from earlier in the year, then you have the privilege of taking your time.
If you missed the original positions, you will want to take advantage of CoE opportunities.

Don't rush in.
Trade small and early with just one or two trades before adding more elsewhere at some point later when more stocks move in the right direction.

Open the door when opportunity knocks but, as I said in the webinar this weekend, be prepared to see those positions move sideways or downwards before going into profit.
Do not expect immediate gratification.

Let's go trade!