Technically, end-of-year is still far off, I can count 2o to go before the big bangs ushering the new year. But, traders are always thinking ahead, so my trade for the year is near at end. I have 2 trades left to do, one to sell and one to buy, in that order! 🙂 I am especially keen to buy during the Christmas break. Yes, when everyone else is on vacation. This is one of the best times to really get into the market with limited risk to the downside. Why? There is a seasonal tendency to close positions and herein lies the opportunity.
Buy low 🙂
I plan on doing either end of next week, the Friday. Or maybe even on the Thursday since it’s the expiration date for stocks (in the ASX). There’s going to be some volatility no doubt as traders leave positions and take a vacation, while others could be positioning for next year. Anyway, if you plan to do that, my little tip is to look at your current timeframe, e.g. you are a swing trader holding positions for a week or so, look at the next lower time frame e.g, per hour and check the Support, if you are near these levels, those would be low-risk high-reward opportunities.
Now, if you’re the type to REALLY go bargain-hunting, I read this article about bargainistas’s delights i.e. contrarian investor holdings. http://www.bloomberg.com/news/2013-12-10/the-2014-contrarian-investment-tour-from-rupees-to-copper.html
But I caution you, patience is key, along with due diligence.
