There is a lot of momentum in place which takes time to
dissipate so playing counter trend one must be prudent and
realistic (take profits and adhere to any stops if choosing
to keep runner)
Thank you Steve and Matt and BPT for helping me, am still
learning, but this year I was successful because I tried to put my
bias aside and execute to trade ideas or reversion to mean and
found being flexible and not too confident of a particular set of
events or trends helps me stay better balanced. Far more price
chart based than fundamentals for ex this garbage rally
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Thus far 3 legs down
Posted by steve on 2nd of Feb 2023 at 04:34 pm
Thus far 3 legs down off intraday highs in SPY (abc or something stronger) I shorted bounce for a trade and will scale and trail
There is a lot of
Posted by steve on 2nd of Feb 2023 at 04:37 pm
There is a lot of momentum in place which takes time to dissipate so playing counter trend one must be prudent and realistic (take profits and adhere to any stops if choosing to keep runner)
Thank you Steve and Matt
Posted by bosco on 2nd of Feb 2023 at 04:44 pm
Thank you Steve and Matt and BPT for helping me, am still learning, but this year I was successful because I tried to put my bias aside and execute to trade ideas or reversion to mean and found being flexible and not too confident of a particular set of events or trends helps me stay better balanced. Far more price chart based than fundamentals for ex this garbage rally