Talk to me traders!
I'm maintaining a long term bullish outlook on equities based on fundamentals, largely the expansion that will accompany a reopening. But I am cautious as I have concerns about the impact of current and potential actions of the current political team.
I dunno, MTP, those indicators average out to a 50/50 either way.
Should I stay or should I go?!? - Age old question against your trading strategy.
You could always short and if disciplined, get out QUICK if price continues north. Not too much damage and a possibility of nice profit. I try this approach much too much with the currencies - my discipline leaves alot to be desired.
Do you feel the need to short early because you think the pull back would be short lived or are you simply thinking preservation of profit you may already have accumulated?
Better to miss profits than lose money!