I get it that there are the so-called perma-bulls out there promoting the "hodl" strategy...especially if you got in at $200 it's easy to have strong hands...but for anybody that got into the game recently, I would most definitely recommend caution and PATIENCE. There are a lot of conditions to be met for us to safely say "the bull is back". I've mentioned only 3 here, and may I say the one of the most important ones has been left out: VOLUME! I don't see enough green columns showing strength of the bulls...
I read somewhere a phrase that has kept me sane in this crazy trading journey: "The market is the mechanism whereby wealth is transferred from the impatient to the patient". So true!
I read somewhere a phrase that has kept me sane in this crazy trading journey: "The market is the mechanism whereby wealth is transferred from the impatient to the patient". So true!