Long

MATIC ends Wave 2, Starts Wave 3

Updated

I am a short-term trader and tend to make and break trades intra-day. What started as a short-term trade turned into a decision for me to stay on this one (watching the screen for 2.5 hours reveals amazing things and has definite benefits).

I won't say what happened during the 2.5 hrs at which the price barely moved, but in that time I have decided to take a long position.

Here's my analysis. We are at the end of Wave 2 and start of Wave 3 (Elliott).

Stay tuned.

Trade active

I have added a new chart idea demonstrating why I love intra-day trading. Take a look at my post a few minutes ago.

Note

Looks like MATIC will do what MATIC does. The call for the start of a new Elliott wave may have been a tad premature.

Remember to always stagger your shorts and longs, and use staggered stop losses along the way if you plan on taking your eyes of a trade. Trading in inherently risky with big profits and losses to be made.

I was lucky enough to close out 75% last night at the top, before retiring to bed. My philosophy with short-term trading is to never go to sleep with money in the bank you can't afford to lose some of.

Now the waiting game continues to re-join the game when MATIC decides to play.

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