94% down volume day = ?
Corona Del Mar, CA
Hey ,
What do all these have in common?
Air conditioning
Foam pillows
Food from your childhood
They all make you comfortable right?
In the stock market, you have to do things that are uncomfortable -- if you want to make money.
So that means no waiting around for rosy days and lollipops.
No waiting around for candlestick reversals or any such nonsense.
You have to be a buyer when others are scared and out of their comfort zone.
Tuesday saw a 94% down volume day on the NYSE.
That's a well-researched buy signal in many stock market studies, including Lowy's (not the steak house).
I don't talk much about 90% up/down days because I don't care about them as much as rookie traders do.
Rookies are always looking for the PERFECT entry.
That's boring and will kill profits.
"What? Are you outta your mind, Dan?"
Let's take a look at Virtu hedge fund's success rate.
It's 51%. Not so hot.
But they had a 1,000+ day win streak because your odds of success go up the more you trade.
Take a look for yourself:
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