How To Trade When There Is Panic Selling In The Market

Straight from me to you – what you should do when panic selling hits the market. Should you follow the pack or hold firm?

As technical traders when all indicators are saying to get out of the market, then this is exactly what should be done. We do not fight a downward trend that is more likely to continue in that direction than it is to reverse. Do I like selling at a loss, of course not. But holding positions when all indicators are saying to sell is not a smart move – it’s an emotional one.

When fear hits the market and panic selling commences, yet all indicators show that the overall market remains in an uptrend, it’s best to hold on through the wave. The market will shake out those who caved to emotion and gave the sell orders to their brokers. To learn more about what to look for and how to trade when there is panic and fear....Listen to the Report Here.

Review of our recent BAN trade in SILJ

After recently closing our SILJ BAN trade, I want to take this opportunity to dissect our trade, including the process of selecting the proper exit targets and protecting capital within a trade. The BAN Trader Pro strategy incorporates these same techniques automatically within the decision making process of generating signals and taking trades.

With our recent SILJ trade, we initiated the entry on the upside breakout in price on November 5, 2020 – near $15.50. This upside breakout move prompted a new BAN trade trigger with SILJ near the top of the BAN Hotlist, suggesting further upside trending would continue.

Of course, nothing ever happens 100% as expected... like the announcement of Pfizer's vaccine being 90% effective coming out only days after making the trade! The immediate downturn in price activity resulted in our SILJ trade staying below our entry price for more than 30 days. Read on to see how we still made money on the trade....Read More Here.