this market is resilient I will give it that - an incredible push higher has humbled many - myself included. Having said that I prefer NOT to partake in the herd mentality. I am a swing trader and I take positions with a 2-4 week time horizon. I always ask myself "do I believe the market will be higher or lower 2-4 weeks from now"? Once I have answered that question for myself, I trade accordingly. I always use Risk management, position sizing and probability before executing any trade. My particular area of study and discipline for the past 24 years as a full time trader/broker is in exhaustive moves. I believe the safest trade to open/execute is when things reach extreme levels - overbought or oversold I "dip my toe" looking for solid divergence analysis and take the trade. If I am wrong (and I am often) - I am extremely disciplined in my exiting a losing trade - quickly. There is nothing in my current analyses that has me change my outlook. The low risk trade currently is an exhaustive reversal to the downside. I am more concerned about a substantial profit taking reversal from these "nose bleed" levels than I am about missing a highly extended market pressing higher. Time will tell - good luck all
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.