From no man's land to all in

Yep, that's often how I trade. From no man's land and not wanting to enter a trade to a couple days later being all in.

I wrote about that the other day:

https://hive.blog/hive-167922/@jondoe/no-man-s-land

Funny how that works sometimes but that's pretty much what just happened to me on my SPY trade.

I bought about a month ago at $324 on that dip we had in the overall markets.

It was a great spot and I ended up unloading half of that as we ran up over the following weeks.

I'd have to double check, but I believe I sold half of it around $345 or so, not that top but a nice gain from where I got in.

Well, now I put that half I sold right back in at $338 just a couple days after declaring the market was in no man's land:

(Source: https://stockcharts.com/h-sc/ui)

It may not be the low of this recent downturn, but I have noticed the market just doesn't want to die.

Even yesterday, we should have closed on the lows and we rallied some 300 points from the lows to close the day not that bad from where we were.

I think once we get past the uncertainty from the election, stocks are going to soar as we get new stimulus and treatments/vaccines for the virus.

Markets tend to be forward looking and 3 months from now doesn't look nearly as bad as it looks today.

Long and strong for this old man!

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