How are you navigating these volatile markets?
Its a rainy Tuesday here in Kuala Lumpur. the weather shadows the market gloom and panic.
I took opportunity for a day trade of $NVIDIA (NVDA.US)$ last night. A nice 10% in less than an hour. Do i want to swing trade or buy bottom yet? probably not, will have to see how this week progress and hopefully clearer picture of whether the panic will ease and sanity come back to the markets.
The massive and sudden drop caught many by surprised including me, where had to cut loss in my positions. Took a hit, but not devastating, as i would rather preserve capital.
$ENGTEX (5056.MY)$ profit and $Crude Palm Oil Futures Current Contract (FCPOcurrent.MY)$ profit recently also cushioned the red day.
Will be a keen observer of the markets, and have in the back of mind, cheap and get cheaper. And be ready to buy.
The big question on everyone’s mind is when 🤔
Since i am a technical trader, will observe market behavior through charts. Have to be a skeptic of news as you can see how quickly news can spin to cause panic.
The data below says it all.
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Loves technical analysis and student of the markets. Sharing my trading journey via my YouTube Channel @Ryugentrades
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Cohosh : Long comment just to say you got left holding the bag and gave up on your positions. Excellent opportunity to buy in, when everyone else is panic selling.