Sell the Rip

I've been a bull throughout most of this rally.  While the bears have fought this once in a lifetime rally... losing money hand over fist,  I understood that the central banks will not let this house of cards collapse .  I might not like what the future holds for my children and grandchildren...  but I trade to make money, not to make a point.

I think with the recent sell-off in stocks we may be seeing a change in sentiment. In years passed it was buy the rip,  now I see stocks rally only to be sold off.  Sell the rip?

My best days trading where when stocks were falling.  I don't like this bull market anymore than any other bear.  But I also like to profit on my trades... and that is why I stayed with the trend.

Has the buy the dip crown died?

We will find out.  I am selling the rip until they return.

Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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