
the single most important thing when it comes to the market is respecting the data that it spits out each and every day... recognizing whats working and whats not working... the stock market is a constant moving target that you need to adapt to.... lots of small losses and small gains in January/ February... overall not seeing the same steady profitability as i have been seeing last year AS ANTICIPATED... we are very much due up for this overall wishy washy toppy market given our massive uptrend since the covid crash... heres how im staying safe.... collecting the data on the specific patterns that i know the best. finding out how what patterns that i know are being favored with odds.... focusing on max panic situations and not chasing any stock no ifs ands or buts. focusing on the absolute best setups and recognizing its not the best market for predictability lately so iam OKAY with missing plays. i have downsized alot of my trading size and im trading much less to protect my overall profits... strictly waiting for prime oppritunities to present themselves. my favorite patterns are FGDP (first green day pattern) former runner that drops news first day with good chart history and a hot sector.. needs to be a big percent gainer 20% or more and needs to see a day chart trend change... note iam only focused on stocks that can crank volume on the 1 year 1 day chart with liquidity type price action. morning panic - this applies to any stock that is up on a promotion and sees a massive sell off at open... these sell offs usually trigger stop losses and cause panics to key levels on the chart history to support a profitable bounce... lately holding first green days over night statistically has not been rewarding and leave opportunity for a gap down / morning panic dip buy opportunity the following day... collecting that data and recognizing this new variant of a pattern has left me with chipping away with base hit gains in the mornings instead of holding over night and cutting foi losses the next day. mass panic off a multi green day runner is my last pattern i have been focused on but we just havent seen many multi green day runners lately... this is the pattern i like the most with my highest win percentage but just hasnt been presenting itself in the market lately.. and thats okay... eventually it will come back.... in conclusion dont trade randomness trade the patterns that you know and if you are not sure dont trade at all and collect data to find what trading style works for your personality the best.... the market is one big experiment and you need to collect the data like a scientist and respect and adapt to the data you collect.... and as always if youre wrong about your hypothasis CUT LOSSES QUICKLY! huge thanks to Tim Sykes for teaching me everything i know to protect me in a wishy washy market.
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