"The markets are turning and easy longs may be gone." I kept my powder dry all day waiting for the green to show...only to see an earnings winner too late $LRN before it moved $5.00 above morning bell to the slide in the afternoon. There will be more...our longswill be back. Thank you for your detailed posts.
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Well I actualy think I am sitting pretty. Looking at MACD for CANB, there is a lot of Mometum energy, at least it looks like it to me. Soon as the line crosses it wil pop. At least that is what the text books says. cross fingers oh my,
Buy the Rumor Sell the News. Sector momentum can only last so long. If you compare the current Weed charts to the past runs you can expect a #5 bounce before these things fade. It could be years before Weed gets hot again, and I certainly learned my lesson about holding and hoping in the weed sector.
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Fantastic post. I've read a lot of takes on investing, work and wealth - this is by far the most concise and insightful representation of how that journey should be experienced.
thanks for the process thoughts this helps a lot
well done, breakouts first green days are my patterns as well. love key support, entries to not get shaken out, taking profits along the way, and psychology of short shellers
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