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Friday Feature: Thoughts of a Pure Chart Analyst Part 1

June 5, 2020

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Be Comfortable with the Uncomfortable Trades

A couple months ago when our big bearish selloff ensued and panic was in the air, I wrote a blog piece mentioning how this is just the beginning and I wouldn’t be surprised if we end up with riots and blood on the streets (see blog: Thriving in Bear Markets Part 1).  Well, it’s only been 2 months, even I couldn’t imagine its happening so fast with civil unrest with many events triggering across the country, yet markets seems to be on an unstoppable bull run.  How do you make sense of all this? 

Can I be blunt and tell you that the market does not have to make sense to you.  It does not have to make sense to any of us.  Even the smartest human cannot make sense of it, so let your brain take a break and just accept it as a chart analyst.  Trade the chart guys.  There is no other answer.  None of us really know what is going on or what’s going to happen.  The only thing left is price action.  So, let price action be the king and follow the trend.

Tim Justice at Tackle Trading used to tell me that trading is simple but not easy.  Emotionally, this is not easy right now to have bullish positions on and watch the world fall apart.  The simplest trend following trading system can be extremely hard to execute when you don’t even think the market should be bullish in the face of so many negative events recently.  I had to learn to be comfortable with the uncomfortable trades, and just block out the noise, the opinions and even my own thoughts. 

Your main concern is to execute your trading system based on trends regardless of what the rest of the world is doing.  That sounds like total ignorance and almost crazy at times.  But at the end of the day, you are doing this to make money, not to be right or to express your opinions.  It’s that simple, yet not easy.

If you were to forget about everything that is going on in the world right now, how would you read this chart with RUT below?

Pearl Li. The Theta Finder. In the Making.

Tackle Trading: Pearl Li.

Pearl Li previously has been a product management professional for more than 10 years working at well-known companies such as Amazon and Nielsen Company. She took the leap in 2016 with Elite Legacy Education to learn about building long term wealth through financial market trading/investing. In 2018, Pearl happily left her job to pursue investing/trading fulltime producing theta style trading that generates monthly cashflow. She is thrilled to be a voice on the Tackle Trading platform to share her transformation as she goes through various phases of her growing experience.


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