Is this the time to be a contrarian?

And what is the consensus today? It’s not that clear to me right now. Some say  “buy when there is blood in the streets” others make it seem like it is obvious that the market will crash now. But in a time when the uncertainty is at such a high level and everybody is either extremely bearish or extremely overconfident that this was just a huge shakeout move, my intention is to stay away from stocks now and don’t purchase anything other than perhaps a little  gold.That is of course only for my swingtrades, there might be a lot of opportunities intraday on the smaller timeframes.


About Schwarzdaytrades

I am a full time day trader. I like to share my opinion about stocks and the psychology of trading.
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