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Not directed at anyone in particular, but there is a lot of well-intentioned #trading advice on fintwit about avoiding FOMO, being patient, reading price, etc. However, the underlying issues aren't being addressed: [a short thread]
#Futures
#Futures
If I'm avoiding FOMO, then what am I waiting for?
If I'm being patient, then what am I looking for to act?
If I'm reading price, what is it exactly that I'm reading?
If I'm being patient, then what am I looking for to act?
If I'm reading price, what is it exactly that I'm reading?
The core issues for most are no longer under-capitalization and leverage (thanks to the push for micros that finally came to fruition). The underlying issues that must be resolved are...
Can I get on my soapbox here for a minute?
Based on comments made on #TraderBite this morning about the trend up yesterday and how it contained a TON of delta divergence sell signals and seemed to rise on negative delta. Many have emails, DMed, etc. Saying they were the "imbecile" selling all the way up....
So I get why this happens and how enticing it is to try to call a top and catch that turn for a super-dose of dopamine and euphoria. BUT this is not trading. Not by a mile. It isn't stupidity, it is just not recognizing where we are on the map and staying objective....
