Probability for down enough for short
Updated
No reason for UP, just opened short. More detail later.
Comment
The move in its presented configuration looks to me like a false range exit before DOWN.The simple construction and the excitement of the retail folks who are all in confirms suggestion.
I expect we to open tomorrow 15-07-24 sharply down or spend some time dancing around 180$ and feeding the remaining bulls with stock but soon after few sessions we open gap down and fall all day. After we should have a slowly down trend slowly giving and stifling hope and reaching targets.
My position is not simple as "short stock", everyone please manage risk by yourself. If Price hits shown SL it doesnt mean I close, I close after scenario is broken but crossing SL is important.
For now looks like this, cross fingers... and donate to Belorussian and Ukrainian freedom fighters.
Dont agree, I would be happy to hear WHY?
Comment
Closing shorts now is a mistake I did last time in similar case. Do yourself something good, spend this day outside, dont push buttons.
Comment
Retail will probably try to catch knife today with usual sad result. Another part of retail just doesn't believe we are moving deep and is sitting in red longs waiting for a miracle.
Both the first and the second have to pay in the period described above: "After we should have a slowly down trend slowly giving and stifling hope and reaching targets."
Let the lazy and greedy and the stupid line drawer be punished. Amen.
Comment
Running full speed into targets with no remarkable resistance. Psycho Donald told yesterday he will brake the laws of physics: spend more, take in less and decrease debt... A miracle to me how a man with his set of believes can get national wide TV time to say such things for 1 hour.
Anyway, today we could reach the first target and may be even the second since for me Trump said yesterday he wants to kill the US economy is a perverse sadistic way in the coming 5 years. This should substantially influence the whole SnP500, the debt market and the $ exchange rate the coming days.
Comment
Next week will probably be a quiet week in AMD. I have closed some shorts to have budget to reenter down on the spike up around earnings report 30-07-2024If it just keeps going down next week is OK too.
Trade closed: target reached
Closed completely in target 2.Overall satisfied with forecast and execution, trade was profitable. Was a good one.
The lazy and greedy and the stupid line drawers were punished again.
Attention folks: those of you who send me a proof of having made a donation to bysol.org an amount of 100+ USD will be recommended a book that is KEY to successful trading. Ciao
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