Holiday Market Trading - Trading the Santa Claus Rally
Audio is streamed directly from the publisher (traffic.libsyn.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Holiday trading is different as there's a lot more volatility in the holiday market.
Short selling is challenging in the last week of December. I saw on Twitter that a lot of people were trading and taking big hits. This is my theory: everyone is off at home on their computers, there are many new traders on the market who are more familiar with the long selling, and a lot of squeezing is happening, so you have to be careful when selling short.
I didn't have very successful trades on Monday and Tuesday, but Friday was profitable as I followed my trading plan and waited until I hit my target before cutting it.
So if you're trading short, be extra careful during the holidays and all the way up to the New Year. Wait for a clear signal and don't waste your time on mirages that take your time and attention away from the real A stocks. Be careful trading pre-market and watch out for squeezers.
Watch the video till the end to learn how I adapted my trading and daily routine now that I have a full-time day job. I also share the news about new exciting guest interviews!