NOTE: these are my personal notes. At beginning you' ll see my overall thoughts - following is the logica for those who want.
December 5, 2018
Should I switch to short side - or this is just some shorter TF longs liquidations?
1. Now on decent support, trendline and small Hourly trendline. Can IT reverse here, squeeze shorts and find some new buyers...
I am bearish PHG but Earnings upcoming the 22nd october. I want to see how that plays out first, even considering we recently had a pretty drop and there may be an organice retracement to the upside.. That also means I may lose a very big chunk of profit if earnings are bad. But thats how I feel for this.
Hidden bearish div on higher TF.
I would like, but I doubt...
This is gonna be a controversial stock, that people will either love or hate. It will be a great momentum play with high volatility in both direction. Great to play for catalysts, news etc. Let' s enjoy the show.
The price of something is the amount of $ that people are ready to pay.
It' s hard to keep things simple.
Not fall for the illusion that a better technique makes a better musician.
To be actively patient, and do the right bet at the right time is what makes a profitable trader.
Then your strategy on how to maximize gains and minimize loss inside the trade.
And opening to dance in time.
I tend to make things more difficult than...
I don' t understand why cute girls feel the need to write "deep and insightful thoughts " about life.
A beautiful body is a piece of art in itself.
That' s why everyone looks at the picture, and few cares about the words.
A picture is worth a thousand words.