I decided to take a small break for a week or so on trading. Just spending time gathering all the information as to why I think the market is falling like a knife at the moment for many stocks and crypto. That is not to say I completely stopped, I have just manually stopped my Bot positions, many of which I am still in but 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 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 chart - so I will just wait until this storm has passed.
As you know (and if you do not know - then open up you tube vids, info etc) and 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 this will only be if the trade is right for me and only for the day.
I will not be in a position over the weekend not knowing what will happen on Monday morning. I want to be able to sleep well on the weekend! On the start of the US open on the 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 are about to do the same, I suggest you be very careful and read as much info as possible now. If you do not know about the new NASDAQ rule that lets new IPO’s in at 15 days, then please, please educate yourself before rushing in. I say nothing else - None of us really know but to equip yourself with all the info ammo you can get - then you will be in position ready if you are wanting to trade this beast.
I am not talking about investors here, I am talking about traders.
Anyway, see you on the other end of next week. I will have more info on what I did plus I will let you know how NOS went as well because I also stopped that Bot.
Please, please if you are getting into the hype of this, learn, educate, 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.