I know some of you think this is the week we just crash. I do not see it though.. and for those that say all time highs, the market bottomed, I literally feel sorry for you. When we are around the 3 area, I will entertain a bottom to the market being in although I think we do go below 3 by a little.
This week... I think we stay in that shaded area. Maybe a little upside but I want to see the week end on the low side setting up for the continuation down. For those that listen to news or youtubers, you really need to read and study from a legit source. For those day trading? why. You are only asking to be bankrupt sooner than later. Focus on that career.. find one and go after it. Whatever happened to you in life, you need to get over it and go do something productive. For those taking loses in the market... you dont know what you are doing or are playing to small of a time frame. This goes with the day traders headed to be bankrupt. The smaller the time frame you play the more you are boxing yourself into a corner and hoping that next candle goes your way and algos and banks know that so they will mess with you making you an emotional mess who will soon be diabetic and have ulcers from sitting on your ass all day doing nothing and worrying what that candle is going to do.
There will always be a range a stock trades in. Find the bottom, go long. Find the top, go short. Enjoy life and check in once or twice a day.. set alerts.
This week... I think we stay in that shaded area. Maybe a little upside but I want to see the week end on the low side setting up for the continuation down. For those that listen to news or youtubers, you really need to read and study from a legit source. For those day trading? why. You are only asking to be bankrupt sooner than later. Focus on that career.. find one and go after it. Whatever happened to you in life, you need to get over it and go do something productive. For those taking loses in the market... you dont know what you are doing or are playing to small of a time frame. This goes with the day traders headed to be bankrupt. The smaller the time frame you play the more you are boxing yourself into a corner and hoping that next candle goes your way and algos and banks know that so they will mess with you making you an emotional mess who will soon be diabetic and have ulcers from sitting on your ass all day doing nothing and worrying what that candle is going to do.
There will always be a range a stock trades in. Find the bottom, go long. Find the top, go short. Enjoy life and check in once or twice a day.. set alerts.
Comment:
Good conversations guys... I mean that. You all brought your plans and had reasons behind them.