Don’t buy stocks after a strong rally – here’s why. The reason is that the markets are governed by the forces of supply and demand, whether we like it or not. These forces move the threads in the background, creating strong market price action. In this video market analysis, I will go over why you should not buy after a strong rally on stocks, Forex, Futures or cryptos.
You are probably trading the daily timeframe or even taking short-term and intraday positions on stocks, Forex and cryptos.
You are probably trading the daily timeframe or taking short-term and intraday positions on stocks, Forex and cryptos. You will not know whether you are trading against a bigger timeframe obstacle when using the smaller timeframes. This is one of the most common mistakes the typical trader will make. The video goes more in-depth over several trading scenarios and what you should do to increase your odds of success.
As supply and demand traders, we do not need to pay attention to fundamental analysis. Unless you are doing very short-term trading and scalping, you should not worry about fundamentals for stocks and ETFs.
Trading is just waiting for the right trigger points and scenarios to present themselves, this game has a name, and it’s called the waiting game. We must patiently wait for the correct scenarios and setups to happen and for the price to pull back or dip into the price levels we want to trade. These price levels are made of supply and demand imbalances in our case. You can use these imbalances to plan your trades in lower timeframes.
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