TRADING BLOG EP. 22 - ADAPT YOUR BIAS AFTER AN OPPORTUNITY SHAPES UP
I was looking for a buy opportunity on the SP500 today, but I ended up taking a sell position. I had a bullish bias on the market, but I had to adapt & change my bias.
The market was under valued, so I was looking for buyers to step in and take advantage of the situation. This was my initial bias. However, there was no clear opportunity to get long, so I did not try & force my bias.
It was an easy trade that was textbook setup—I saw buyers get absorbed by a big seller at an important level. Then, I saw sellers then get aggressive, so I ended up trading with the big seller.
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