admin Stock Market Predicting
I think most traders will agree that this recent stock market is resilient despite the large move, overbought conditions, extended indexes,etc……but the stock market is good at confounding and frustrating traders so it is important to stick to your rules and remember that not ever trade will be profitable.
In fact with proper risk/reward and position management a trader or investor can be profitable overall even if more than half their trades are losers. My recent post i emphasized that yes the market is overbought and extended but trying to time a top or fight the trend is a good way to get wiped out in the stock market. Below is what I wrote:
” REMEMBER, I AM NOT MAKING A HUGE BEARISH CALL. Market is still well above support and trend lines and do NOT fight the trend by going all in bearish up here just because the market is overbought. Yes, you can play some small positions like Short Index ETF’s that will go up when the market goes down but it is safer to wait until the market actually shows a high volume reversal day and actually starts breaking its trend to make larger bets. One of the most painful lessons in trading is fighting a market trend so be careful trying to be smarter than the market. “
That statement still holds true and this last week’s market has proven how dangerous it can be trying to be smarter than the market………Why not just wait until we have a big down day on volume that break the recent support to show that the market is ready for a possible change. If you try to predict and fighting the trend then you will just get frustrated to the point where you finally throw in the towel, and usually when you throw in the towel is when the market will confound you and go down like you had planned. 
So be patient and keep your risk/reward in check.
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sotck market investments are great specially if you know what you are doing and not just speculating about the stocks:*;