Gentle reminder
Hi fellow investors and traders, gentle reminder on 2 things:
1. Don’t be too fixated that the market will move in the direction that you are predicting. It may plunge, or fly, so watch how it moves later.
2. Let the market find its direction; let it settle. Sometimes the initial direction can be a fake out. It happened before, and it can happen again. So don’t get trapped. My favourite liner: Let the market makers go first, and then we follow by riding the trend.
Good luck! ![]()
Psst.. if you have time, do check out my video below.
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Successful investing is about managing risk, not avoiding it. DYODD
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ATRIPWMT : Great advice as always!
Cow Moo-ney OP ATRIPWMT : Haha thank you![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Shuseido : I also cannot tell how/where MM going to move. How ah?![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Shuseido : *always
Cow Moo-ney OP Shuseido : Stay by the sidelines![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
haha. Kidding. One way is watch for support and resistance levels. Say for instance, Apple gapped up yesterday, and if market wants to fly today, it can go as high as 170-173 before hitting a resistance. And if it can’t break above the resistance, means sellers are stepping in, and this is when traders can short it eg buy puts, or opt for safer bearish move such as sell covered calls, because Apple could likely get rejected and head down to fill the gap.
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
kidding. Do your own research :)
I recalled previously you did a good move by selling at resistance levels around 173/174? Roughly the same idea
To those who are reading this post - the above trade idea is NOT a financial advice. If you wish to follow blindly, don’t need to give me a cent if you win money. But pls don’t look for me too if you lose money
Shuseido : Hahaha.. I was just pulling your leg.
176. I also sold some Microsoft at 290. Just don't see stock market gonna break ATH in current macro environment. Q-ed back at 150 and 250 but missed it. Now waiting game again..
Cow Moo-ney OP Shuseido : Hahaha. Anyway, good job bro! I was queuing for a few stocks too but it didn’t hit my target. Only managed to get MSFT