We do not pay enough attention; we switch from one setup to another, from one guru to another, from one service to another, from one software to another... in the quest to discover the Holy Grail.
The best part is there is NONE
Unleash your inner GURU. The only thing that you need is attention to detail and focus
The band is stretched to the down side we may see a bounce on Friday or coming Monday.
a) Chart 1 - We are very near to the lower band
b) Chart 2 - Test of a key area (best will be an undercut)
c) Chart 3 - We still have room of 1% to fall and still the uptrend will be intact
One habit I often see among traders is that they put themselves down a lot. They make jokes and memes about their own failures, abilities, and potential.
Never do that.
I haven't met a single high achiever who constantly talks negatively about themselves, not even as a joke.
In fact, many of them are absolutely delusional about what they believe they can achieve.
Be delusional about yourself. Be delusional about your goals.
Set standards for yourself that seem unreasonable to others. Refuse to accept mediocrity as your natural ceiling. You'll often go much further than you would have if you had started with a usual belief about yourself.
MRPL looks very promising, @swing_ka_sultan post got my attention to it, its also a setup discussed by @RealSimpleAriel on @chartfanatics, its also classic bearish pattern failure @RyanPierpont favorite and level analogy of @mmonis always help to size aggressively.
I am neutral; there will be a great opportunity on Monday for an oversold bounce if we do not gap up.
I feel we are sitting on a lifetime opportunity
One reliable indicator of mean reversion is a price decline over 3 days followed by a move out of the lower Bollinger band. Gap down on Monday - I will stalk this like a hawk
Even today (chart-2) - The bounce snapback was over 13%; it is not very difficult to pocket 8% of it
@mmonis@blademapai Monis if can elaborate on this regarding -
a) Was the size based on the day low as stop
b) The Trim was at 940 that makes the R/R around 1.6 any reason for aggressive trim here.
Thanks
One of the biggest lessons I’ve learned:
Every major drawdown feels like this is it.
October 2023.
April 2024.
August 2024.
April 2025.
March 2026.
Every single one felt different while you were living through it. The headlines got louder, fear spread everywhere, and it became easy to convince yourself that another 2000 or 2008 had arrived.
But here’s what I’ve noticed:
Corrections and bear markets are not the same thing.
A correction is often driven by sentiment, positioning, or macro uncertainty.
A true bear market is usually accompanied by a sustained deterioration in fundamentals:
- Earnings growth slows or turns negative.
- Companies begin cutting CapEx.
- Market leadership narrows and breaks down.
- Major indexes form persistent lower highs and lower lows.
That’s why I spend far more time studying earnings reports than financial headlines.
The market can ignore fear.
It struggles to ignore deteriorating earnings.
Could we eventually see another prolonged bear market in next 3 or 4 years? Yes.
But until I see meaningful evidence that corporate earnings, CapEx spending, and institutional leadership are breaking down, I treat sharp pullbacks as part of a bull market - not a reason to abandon my process.
The biggest gains I’ve ever made came after periods that felt the most uncomfortable.
Staying invested doesn’t mean ignoring risk.
It means knowing the difference between temporary volatility and a genuine change in trend.
That’s a distinction every investor/trader should learn.
Separate fear from facts, and you’ll separate yourself from the crowd.
H/T: @charliebilello
@mmonis some much linearity in the themes on the global level to above names belong to software, financials', semi's same has been on the Verge in the Indian markets too