top of page

Market Prep: Week of Sept. 5, 2022

"A fool thinks himself to be wise, but a wise man knows himself to be a fool." - William Shakespeare I've sat down to write this article three times this holiday weekend. If you're new to Traderade, every week I write this Market Prep blog, sharing my thoughts on the week ahead and formulating a trading plan. It's typically fairly easy to absorb and analyze a handful of charts in order to develop a directional bias for the coming week. The fact it's so challenging for me to do that this week is probably telling me something. So rather than be a fool and pretend to know where we're headed, I'm going to be honest with you: I have no idea what's going to happen in the market this week. In the past, when I saw this much indiscretion and this much conflicting data, I'd simply sit out and not trade. However, I'm aware people read this blog and our mission at Traderade is to help retail navigate the markets. With that said, my best advice for this week (based on the charts we'll review together) is this: Whatever you do, do it small and move stoplosses into profit quickly. As someone that's been trading for a while, I can honestly say I'm not sure I remember a more precarious scenario to be entering trades than the one we're in now. As a momentum trader, I've been successful letting the "trend be my friend," but the question that I'm struggling to answer right now is "Which trend?"

Want to read more?

Subscribe to traderade.com to keep reading this exclusive post.

Sign Up and
Stay Updated

Person Analyzing Graphs On Screen

Disclaimer

Information contained in this website should not be construed as investment or trading advice. Opinions expressed herein by Traderade are not investment recommendations and are not meant to be relied upon in investment decisions. The Traderade.com website is not acting in an investment adviser capacity and neither are any authors on this website. Information presented is not an investment research report. Opinions expressed herein may address only select aspects of the companies mentioned and cannot be a substitute for comprehensive investment analysis.
 

Any analysis presented herein is illustrative in nature, limited in scope, based on an incomplete set of information, and has limitations to its accuracy. We recommend that potential and existing investors conduct thorough investment research of their own and consult a qualified investment adviser. The information upon which this material is based was obtained from sources believed to be reliable but has not been independently verified. Therefore we cannot guarantee its accuracy. Any opinions or estimates constitute our best judgment as of the date of publication and are subject to change without notice.
 

The authors may buy or sell shares without any further notice and may have a position in any shares of any of the companies or asset classes mentioned. By using this website you agree with our full Terms of Use and Privacy Policy.

Navigation

Copyright 2025 Traderade. All rights reserved.

  • Twitter
  • Youtube
bottom of page