I decided to take a small break from trading for a week or so — just spending time gathering information on why I think the market is falling like a knife at the moment for many stocks and crypto. That's not to say I've completely stopped. I've just manually paused my Bot positions, many of which I'm still in, alhough I see that massive 6 or 7 day drop and I think to myself: maybe, just maybe, many people around the world are either pulling their money out, waiting for the SpaceX IPO, have JUST bought the IPO, or are being liquidated out of their positions. Who knows — but something very strange is happening, and those of you who know are very in tune with this.
This morning I can start to see green again on my charts, so I will just wait until this storm has passed.
As you know (and if you don't, open up YouTube vids, info etc.), you will see what everyone is waiting for. Yes, I will also be up watching the US market two to three hours after opening time — but only if the trade is right for me, and only for the day.
I will not be holding a position over the weekend not knowing what will happen on Monday morning. I want to be able to sleep well on the weekend! At the US open on Monday, I will be watching again, and everything I have ever learnt about trading will be on the line!
No — not all my money! But if there IS an opportunity, I will be in again. If you are reading this and about to do the same, I suggest you be very careful and read as much info as possible now.
If you don't know about the new NASDAQ rule that lets new IPOs in at 15 days, then please, please educate yourself before rushing in. I'll say nothing else — none of us really know — but equip yourself with all the info ammo you can get, and you will be in position, ready, if you want to trade this beast.
I'm not talking about investors here — I'm talking about traders.
Anyway, see you on the other end of next week. I will have more info on what I did, plus I'll let you know how NOS went as well, because I also stopped that Bot.
Please, please — if you are getting caught up in the hype of this, learn, educate, and know when to get in and out. Or stay in if you prefer. This is not my call for your trading; this is only what I will be doing.