(Video: Market coach Doug Hirschhorn, PhD, advises traders to stick to their shorts for the time being.)
This week’s trading plan should be to stick with your shorts. The top traders on the Street have spent the past couple months positioning themselves for a 10- to 15-percent correction. As their coach, I can tell you it’s rare for these Wall Street titans to be wrong for so long. What does that mean to me? That it’s time to remember three important rules:
That’s what I call calibrating your trading mindset. If you want to trade like the elite, you have to think like the elite.
Think better, invest smarter.