I have met up with several of my trader friends. One recurrent question that I have heard is what is needed to double the trading account in this current market?
To me, the answer is simple. I would see the market as high. Whether if it is the top or not? I do not have a crystal ball with me nor will I ever be the one who will be able to pin point the exact top. To me, I would just concentrate on doubling my money.
What would I have done to achieve that?
To me, I would view the market as “HIGH” at this moment in time. Will it go higher? Yes, probably it may go higher but that is not my primary concern.
I have placed shorts position on the current indices “S&P 500” and will be holding it for a …