"Be honest with yourself, if or when you fail the change of direction will not kill you." - trader quotes
We all need to stop forming hard opinions, no one can predict markets. The only thing you can do is find a trend and follow it. Here I'm giving a great example of that stage in between. I could say short , I could say long. But until we break to the topside or to the downside I'm prone to whipsaw and lack of conviction which means I most likely will lose money now.
Look only for breakout/breakdown points and I promise you will make money. Stay on the sidelines until things are 100% clear to one side or the other. Learn from my mistakes.
We all need to stop forming hard opinions, no one can predict markets. The only thing you can do is find a trend and follow it. Here I'm giving a great example of that stage in between. I could say short , I could say long. But until we break to the topside or to the downside I'm prone to whipsaw and lack of conviction which means I most likely will lose money now.
Look only for breakout/breakdown points and I promise you will make money. Stay on the sidelines until things are 100% clear to one side or the other. Learn from my mistakes.