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This is what I mean by trading with an investor’s mindset.
Use technical analysis only when it deserves to be used.
Do not get trapped by patterns alone.
The best trades often come from combining price action, relative strength, business fundamentals, industry tailwinds, and a clear understanding of market psychology.
For those fortunate enough to own $SLV, it’s time to start selling into strength. Could it go higher? Maybe. But it’s clearly gone parabolic and is entering a climax run. That’s your best opportunity to sell into strength and avoid the sharp volatility that always follows.
@ohiain Less is more, thanks for sharing. A quick question, how do you set stop for choppy market strategies, do you look for rebound from support? That means you will spend more time intra-day stalking than in a trending market?
@v72mn I'm usually looking for spots where there is structural potential price support, couple by a confluence of MA support in leading themes to get positioned! Ideally paired with an index gap down, where the index is similarly in a spot to pull off a price or MAU&R!
@SJosephBurns For lions (and in general any hunters) , big hunting can be existential. Treat each hunt as if it was the last, adopt same principle and rules, no tilt —> difficult but lions make it