Curb Your Enthusiasm With Trading The Current Market | *PS60 Process Is A Methodology
Channel: AccessATrader
Date: 22/04/2024

After last week's 5.5% sell off on the NASDAQ. We saw a very enthusiastic dead-cat bounce today.

Tesla's ($TSLA) report tomorrow night should give us a little bit more clarity.

I can see a scenario that the market feels itself out for the next day or so causing a lot of distribution a.k.a. chop.

Since we know this, we know the only way to attack a declining market is to sell into supply and wait for natural breakdowns.

The hardest time to trade is an anti-trend day like we saw today.

So curb your enthusiasm for the next day or so. We are seeing exactly a carbon copy of the CPI reversal, distribution channel playing out starting today.

Let’s act like professionals.

*PS60 Process is a methodology above and beyond just a technical indicator. A way of better thinking and strategy when it comes to trading this ever changing market.

Click below to "Kick-The-Tires" for 30 days...to see exactly how the system runs.

https://ps60process.com/kick-the-tires

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Dan is a proud father of 2 and creator of the simple and highly effective PS60 Trading Process. He shares his 20+ years of trading experience every day with those who are eager to become successful traders.

Dan has been in the trading world since 1998. He started his career at Generic Trading in NYC as one of the early members of the top prop trading desks led by his mentor and late friend – the great Mayer Offman. He ran his first office for Generic Trading in 2001. Through this experience, he realized the importance of risk management while running a group of traders. Generic was eventually sold to the Royal Bank of Canada. Years later, he led another trading group desk at Assent that was sold to Sunguard.

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