if $AAPL today is any indication,
megacap rebalancing into all the coming IPOs will be volatile, confusing and could result in increased sideline cash waiting for clarity / winners to emerge
$SNDK low volume retracement 1700 area looks like a place holders would trim.
still holding small short from higher avg
missed the layup long bounce
now we see if seller sentiment returns
I watched the markets for 16 years. They hid THIS from you:
1. The market doesn't move randomly. It moves to levels where the most money is trapped. Once you see it, you can't unsee it.
2. Your stop location isn't a secret. Institutions know exactly where retail places stops. They run them before the real move starts. That's not manipulation. That's just how liquidity works.
3. The best setups feel boring. If you're excited about a trade, your size is probably wrong.
4. Retail flow is now a real market force. When 10,000 traders are watching the same level on the same ticker, they move the market before they even enter. The crowded trade is the predictable trade. Predictable liquidity gets taken.
5. By the time you read a headline, an algorithm already traded it. You're never trading the news. You're trading the aftermath. And the aftermath is a completely different setup.
6. Support becomes resistance and resistance becomes support. The level that held price up last month is the same level that'll push it down this month. Most traders never use this.
7. The strongest levels on your chart aren't the ones you drew. They're the ones that caused the biggest reactions years ago and never got forgotten.
8. Withdrawing every week is a trading strategy. Seeing too much in your account changes how you size. It makes you feel invincible. The market will remind you that you're not.
9. Paper trading builds false confidence. The moment real money is involved, emotions change everything. Go real, go small, but go real.
10. The market rewards the trader who can do nothing better than the one who always has to do something.
11. Round numbers matter more than most traders think. $5,000. $6,000. $7,000. Institutions think in round numbers. So should you.
$KORU
The casino just closed in Korea.
Memory stocks just killed their market.
A modern time mania.
$50 to $1300 in less than a year.
The worst part is its the second time in 3 months we have seen a -50% move within a week.
$AVGO
today could be the type of day where we blow thru support and watch holders exit into pops all day
i could be wrong
i usually play the 50 day for a bounce
but today has 'the feel'
not advice. know risk. follow your rules / process