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cant see this continuing a downtrend as far too many support levels.....but selling pullbacks would have been the strategy......i tried that last week and got cleaned out, but PA has been very different today (not inc ETH).
well i got one thing right. shame i got 3 entries wrong.
i am going to be super cautious from this point on til January, as think its bit dangerous around certain levels - some of the price action looks weird, and i may go into scalping mode for quiet times.
New swing trade rule: i can only buy/sell once at 1 level if i get stopped at it. If i scratch/win then i can re fade that level.
I was in meetings up til just now, i am ultra busy with other stuff, but should be back on this full time tmrw.
One thing I dont like about the internet - the amount of people who come out the woodwork eg long Oil over this weekend.....as soon as bullish news hits the newswire. Why not tell us when you put the position on?
Why suddenly get the urge to post this stuff esp if thats the only info you post along with it. All I can take from it is: you were punting. If its a long term strategy then fine, say that, and i will think you are silly for telling me you are trading a long term strategy but am focusing on weekend news, w/o mentioning risk factors etc.