In a contrarian investment strategy, investors deliberately buck the direction of the market by selling when others are buying and purchasing when most investors are selling. Warren Buffett, chairman and CEO of Berkshire Hathaway, is renowned as a contrarian investor. Investors who hold a contrary opinion think that people who claim the market is rising only do so when they are completely invested and have no more purchasing power. The market has reached its pinnacle at this time. Therefore, when forecasters foresee a decline, they have already sold out and the market can only rise from here.
As we all know, 2022 has been a painful year, and it continues to be so. What works during a bearish market are a few strategies: shorts, inverse ETFs, holding cash positions and day trading. Today we take a look at ATXI and see how we day traded it. Watch this video to get the technicals. Good trading! Trading Risk Disclaimer All the information shared is provided for educational purposes only. Any trades placed upon reliance of SharperTrades, LLC are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, cryptos, commodities, options, forex and other trading securities, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. SharperTrades, LLC is not registered as an investment adviser with any federal or state regulatory agency. This is