Dow had a nice close this morning but i will chose to sit back this week and watch as the down trend lines are still intact and the weekly time frame is still bearish.
Bitcoin now making a U shape pattern as opposed to implosive move, 2016 gold spot did the same on the chart then we had a massive gain.. just watching this patten as i sit on my sea of red.
G'day Brenny, in the last 6 months i have had to move from FT trading to occasional trading, when i have some time during the day, rather then trade, i do research on potentials. The main reason for that transition was due to making more time for my family and friends. One of the best decisions i have made.
Although i can't help thinking about stocks even in mid conversations , the time away from the screens has made me stronger as a trader no doubt. I still have not made as much or replicated 2014 returns but the last 6 months of trading i have come close. I put this down to not making stupid or impulsive trades that i would normally do when i'm at the screens full time... but also the biggest lesson i'm learning is to back my trades using a combo of TA/FA. Something else i have learned is how much time i have once i was able to look away from social media, cutting that part out just made things so much more clear.
If i can share any advise it's this: don't let the market dictate your trading, there is always an opportunity short and long.
(20min delay)