Gap Gap Gap
Güncellendi
Hi guys
Just because there is a gap down,it does not mean it will be filled up immediately. Don't make the mistakes i made in the past thinking it will be filled up and rushed to long , only to suffer later monetarily.
1000 points down yesterday could have burnt some traders' portfolio with tight SL or caught buying at the high price. That is part and parcel of trading.
I won't be shorting as the level it could go down could be restricted. And the rebound can come anytime so I would be watching closely tonight .
Be patient , no need to rush . The market is always there, even if you missed the entry, there will always be another opportunity.
I am still overall bullish in the mid to long term on US indices.
Could it be possible we see the Feds start to lower interest rate earlier than April if the Covid -19 saga become harder to contain as we see more and more new cases coming up in Italy, Iran, etc.?
Just because there is a gap down,it does not mean it will be filled up immediately. Don't make the mistakes i made in the past thinking it will be filled up and rushed to long , only to suffer later monetarily.
1000 points down yesterday could have burnt some traders' portfolio with tight SL or caught buying at the high price. That is part and parcel of trading.
I won't be shorting as the level it could go down could be restricted. And the rebound can come anytime so I would be watching closely tonight .
Be patient , no need to rush . The market is always there, even if you missed the entry, there will always be another opportunity.
I am still overall bullish in the mid to long term on US indices.
Could it be possible we see the Feds start to lower interest rate earlier than April if the Covid -19 saga become harder to contain as we see more and more new cases coming up in Italy, Iran, etc.?
Not
cnbc.com/2020/02/24/stock-futures-are-flat-in-overnight-trading-following-the-dows-1000-point-rout.htmlCongrats to those who short and made the 800 points profits.
Not
Praise the Lord. Those of you familiar with my method would have take some profits off the table and let the remaining run and earn more. The more aggressive ones would continue to hold since the trend is still intact. Either way, congrats to all who followed ! Again, I stressed to not be complacent as after the market has been down for 2-3 days, there should be a healthy correction and if you do not adjust your SL, then your profits might dwindle when you next check your computer. Don't be generous donating back your profits to Mr Market, haha
Feragatname
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