ok gentlemen...let me give beginners my take on trading and why one shudnt be a trend trader
i guess the new metric for failure in trading is 95%... beginners read learn watch utube vids and trade following the trend nlike everyone tells them to yet most still bust out...id say 90% of the 95% losers are trend traders so why be one LOL
imm gona post 3 charts one of the parabolic one that said was begging to be shorted and 2 small timecharts
thats my hourly chart postand below will be a 15 min and 5 min charts
so as you can see people that dont take their noses out of the 5 minute chart think price was gona go up forever but the smarter people that look at hier timecharts knew price was gona reverse
i guess the new metric for failure in trading is 95%... beginners read learn watch utube vids and trade following the trend nlike everyone tells them to yet most still bust out...id say 90% of the 95% losers are trend traders so why be one LOL
imm gona post 3 charts one of the parabolic one that said was begging to be shorted and 2 small timecharts
Dislikedi feel foolish pointing this out but such a parabolic rise on hourly just begging to be shortedim already short on my one of my sell limit orders and will prolly short the close of this hourly candle too {image}
Ignored
so as you can see people that dont take their noses out of the 5 minute chart think price was gona go up forever but the smarter people that look at hier timecharts knew price was gona reverse
short trump and go long the deepstate