S&P 500 EndeksiSatış
Ascending wedge spotted, time to take your profits off the table
Here, you see clearly on the 4H chart that the bulls are a little tired pushing the price up. It needs a rest. So, I see two possibilities. It could break up after a few more candles or continue to move up towards the end of the wedge before breaking down.
Either way, as a a trader, you need to learn to take profits off the table when you still have the chance. Often, traders once pull the trigger, let the positions run and are afraid to take partial profits or full profits for fear of opportunity costs of it going higher. Such is the risk that a trader must take.
This fear of missing out more profits in the future which remains an uncertainty until it is proven cannot be a mental block in your trading journey. As the saying goes, a bird in hand (small profits) is better than two in the bush (more in the future).
Unless you are investing for the long term, then this price gyrations is of no concern to you at all.
Either way, as a a trader, you need to learn to take profits off the table when you still have the chance. Often, traders once pull the trigger, let the positions run and are afraid to take partial profits or full profits for fear of opportunity costs of it going higher. Such is the risk that a trader must take.
This fear of missing out more profits in the future which remains an uncertainty until it is proven cannot be a mental block in your trading journey. As the saying goes, a bird in hand (small profits) is better than two in the bush (more in the future).
Unless you are investing for the long term, then this price gyrations is of no concern to you at all.
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Feragatname
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