when i see traders seek and ask for shorting opportunities in bull runs or buying opportunities in bear drops, i feel like jumping into the screen to his side of the pc and shrieking "Don't!!!"
reason?
every car has a turning radius. every car needs some circle, some width to turn.
only cars in cartoons can turn around like a 'V'.
same is with the markets.
if and when they have to turn, they need a "turning radius". they can't and don't turn in a 'V'
so, whenever, u see a bull run or bear slip (in any time frame), wait for that circle or curve to be
formed.
formed.
trading situations are like elephants (not just cars). they take some time and manoeuvring to turn, and they can't hide it.
never panic at sharp adverse sudden unforeseen unwarranted move. it always invariably retreats
(atleast and mostly) once.
(atleast and mostly) once.
then. ofcourse, it depends upon how much leveraged position you have in your mouth that may
threaten to choke you or how much buffer holding funds you have.
threaten to choke you or how much buffer holding funds you have.
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