So I'm going good for five months, nice (theoretical) daily uptrend, pretty steady. Then Feb hits and almost to the day the trendline turns south with an unrelenting string of down days all month. March comes by and the chart zooms back up to the trend......whew!
I remember last Feb was also extremely frustrating.
I trade nasdaq story/news stocks intraday only both long and short.
Maybe I just have to learn to take these drawdowns and suck it up as the price of trading, but it truly bites.
My thoughts are that Feb is the the other side of the year of August, which also tends to suck and both of these months are when the big players are vacationing. Also the year end and new year stock maneuvering has already taken place.
Anyone else see this? I can't seem to find anyway to make February work so maybe I should just not trade that month. Of course the problem is that I'm not convinced that this phenomenon is consistant from year to year.
I remember last Feb was also extremely frustrating.
I trade nasdaq story/news stocks intraday only both long and short.
Maybe I just have to learn to take these drawdowns and suck it up as the price of trading, but it truly bites.
My thoughts are that Feb is the the other side of the year of August, which also tends to suck and both of these months are when the big players are vacationing. Also the year end and new year stock maneuvering has already taken place.
Anyone else see this? I can't seem to find anyway to make February work so maybe I should just not trade that month. Of course the problem is that I'm not convinced that this phenomenon is consistant from year to year.