13-Apr

Interpreting New Lows

A Member from the Netherlands asks:"I often keep an eye on the monthly lows, when I am shorting sp500 intraday, and they acknowledge the direction for me when they are on the rise while shorting. But what when I am long, the index is rising strongly (lilke today) but the monthly lows are rising fast. Should I be bothered by that and chicken out? Or just be 'aware' and have a stoploss in place, maybe a bit tighter?Cheers,Jurgen

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