Trades vs Trends

Do we need to know the difference?

I laid out a potential path yesterday and explained how I plan to trade it.

At the daily level, we have not regained momentum—we are still below the trend, and the VIX, despite its crash, remains a negative factor for the index.

Unlike the hourly level, we do not have the same setup.

What I outlined yesterday was a trade idea.

Performance:

• Current closed equity return = 19.9%

• Current open equity return = 24.6%

• If all current positions close at stops, our return = 19.8%