Just fell for a classic pump and dump, okay -5 , spotted it wasnt quick enough to exit, down long base, shot up like it was going to new high, stalled perfectly at 10 upper envelope and dropped like a brick.
I always lose first trade after a day off, its how i get back into it.
Olden day (last week) i would of moved sl averaged down and be down some pips.
So allowing for retail doing above on mass, i rarely get to profit over all, which isnt coincidence, they know what retail is doing and they know where to get near on the next lower high to not let us out, which drives us crazy making us lose more.
Ofcourse this time inshould of played the low 33 range for a bounce for 15 doh!
Bet that sell off, had retail jumping on it short hence the quick reversal.
The better i get the more i see, every move is to confuse and frustrate retail trades, create the its against me personally, well its not me, but all retail so it feels like its against us personally, cause retail are all equally as stupid at trading its all making sense.
Once you see through this, and understand what retail will do,what i used to do in short, then its easy to counter trade it.
I always lose first trade after a day off, its how i get back into it.
Olden day (last week) i would of moved sl averaged down and be down some pips.
So allowing for retail doing above on mass, i rarely get to profit over all, which isnt coincidence, they know what retail is doing and they know where to get near on the next lower high to not let us out, which drives us crazy making us lose more.
Ofcourse this time inshould of played the low 33 range for a bounce for 15 doh!
Bet that sell off, had retail jumping on it short hence the quick reversal.
The better i get the more i see, every move is to confuse and frustrate retail trades, create the its against me personally, well its not me, but all retail so it feels like its against us personally, cause retail are all equally as stupid at trading its all making sense.
Once you see through this, and understand what retail will do,what i used to do in short, then its easy to counter trade it.
got you!!