The chart does the talking.
As always, the percentile chance of this playing out is probably somewhere around 60% Thus, never take anything I say as gospel. that's just not how the trading world works.
Full disclosure, I am rebuilding a net long position, and starting to close shorts, as we come down. The reason I'm starting to close shorts is simple, we could have a full market reversal and start heading back towards higher highs, so I'm booking profit. The reason I'm starting to build long positions, well, you can deduce that from my prior statement.
We're traders, not gamblers, if you feel emotional, you need to take a break, cool off, and re-evaluate your systems.
I've blown up accounts trying to get too cute and swaying away from my setups, find your niche and stick to it, stop overcomplicating things, and have patients.
Try to enjoy yourself, you should be after all, building your future.
As always, the percentile chance of this playing out is probably somewhere around 60% Thus, never take anything I say as gospel. that's just not how the trading world works.
Full disclosure, I am rebuilding a net long position, and starting to close shorts, as we come down. The reason I'm starting to close shorts is simple, we could have a full market reversal and start heading back towards higher highs, so I'm booking profit. The reason I'm starting to build long positions, well, you can deduce that from my prior statement.
We're traders, not gamblers, if you feel emotional, you need to take a break, cool off, and re-evaluate your systems.
I've blown up accounts trying to get too cute and swaying away from my setups, find your niche and stick to it, stop overcomplicating things, and have patients.
Try to enjoy yourself, you should be after all, building your future.
Comment:
Nice bounce off Fib retracement, now a potential rally to suck in some additional equity, I'm still quite sure we'll end up reversing back down to 20k.
Trade active:
Short-term swing trade executed. looking for up to a 50% move.
