This thing must be grinding your nerves to mush.
I’ve learned over as many years that “sideways” is a market dynamic that you “must” learn to deal with in order to survive. As the days grind on it gets easier and easier to just say “screw this!” and make some kind of a decision based in pure “emotion”.
That’s the idea. This type of market activity grinds equally on both sides, as bulls see “paper profits” diminishing, while bears can’t get enough traction to make a trade pay at all. The idea is to extract as much money from each sides as possible.
And there it is.
These days, it seems that “every day” brings reason for markets to just “sit there”. Waiting for the U.S to “go to war or not”, waiting for the U.S to “taper or not”, waiting for the U.S to “default/shutdown/ raise the debt ceiling” or not. See any pattern here?
Can these jack asses throw anything else on the pile while they’re at it?
You’ve got to just push through and not allow yourself to give in to it. That’s exactly what you’re supposed to do right? Bulls continue to pile in on easing, bears pile in on “default speculation”.
Then “whoooooosh”! – both get their clocks cleaned.
I feel for you if you’re feeling the heat here. Markets are grinding nerves to pieces ( and I’ll say myself included). We need a move here, and you’ll want to be on the right side of it. Can the risk vs reward actually support further upside in “risk on”?