Seems like we are re-consolidating here at 37.5-38k
This market is starting to feel like 2019-2020 all over again, where I was trying to get in and out of swing trades but the market moved faster than I was able to set my positions. (I admit, I over-analyze...)
What I have learned since then is to allocate based on EMA/MA and I am more likely now to be swing trading 10% of my profits. Bottom line, is this market will move faster and faster as retails traders re-enter. I'm not risking my entire position trying to catch a knife.
As far as where we go from here... I'm watching the moving averages and not trying to out-think the market. Let's see what happens this weekend.
Not financial advice at all, so please do your own research.
What I have learned since then is to allocate based on EMA/MA and I am more likely now to be swing trading 10% of my profits. Bottom line, is this market will move faster and faster as retails traders re-enter. I'm not risking my entire position trying to catch a knife.
As far as where we go from here... I'm watching the moving averages and not trying to out-think the market. Let's see what happens this weekend.
Not financial advice at all, so please do your own research.
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