Keeping It Simple

A quick note this happy Monday morning… Many, myself included, have been looking for a market pullback. My last post was a bet against the Nasdaq going higher intraday. That never materialized. The market is once again proving to me that I should continue to follow setups, and scale out of positions with partial sells. I was in DIG, and QLD at the beginning of their runs last week. Using a selling method based on prior day lows, would have kept me in the trades longer. I was searching for a lower low in the Nasdaq. Keep it simple. Let the charts play out, and stay disciplined.