Trend line reclaimed within 2days of breakdown. Bull market sign but expect volatility, be sure to respond to market direction and don’t hold on to predictions for long if proven wrong by market.
This rapid move in indices and some stocks aren’t sustainable for long. But while it last, we have to respect and ride the trend. Practice good risk management strategy.
Vinodinvest
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Staying aligned with the market direction has been profitable for me. Long term portfolio up >50% in the month of June 2020.
virtualtechie11
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@Vinodinvest, great going, only a bit late to the party, but just watching and playing small trades , not doing too badly, but i should have been ready for 18-21 march, would have made a killing, but anyway better late than ready, i am better placed for next crash (if it happens) but hopefully not.
Vinodinvest
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@virtualtechie11, very few expected such a fantastic bounce after a spectacular crash. Nasdaq gave bull signal On April 6th. Study the chart. It’s been volatile but profitable one. Having a system and sitting in hands by following that system has been helpful in this market. Learning point: Don’t predict but respond soon when presented with facts. Good luck with profitable trading.
virtualtechie11
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@Vinodinvest, cheers make sense, yes i am only about 2-3 months old to technical analysis so taking my time, one thing i have learnt is there is always an opportunity in the market if you look hard especially when you can play the long and short game