Every Trade A Lesson - BTE Feels Like The Old Days Againand that's scary.
Here I tried to be too early. Took my small loss (but still up from my last trade) so will wait. I call it 'trader tax' which serves as a small fee to preserve captial from further erosion.
I'll move to a longer time interval for better verification. Such as the daily. Very bearish out there, it's just not time yet to move back in especially as traders/investors take profit or are just wanting to bail.
I imagine there is a trade coming up as we are putting in these lows on the price and the indicators... will join the new direction when it shows up. Don't need to catch the bottom, just the direction.
Wouldn't be surprised to see low $6's or high $5's.
GL to all longs and traders.