AI
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| Alias Born | 03/23/2013 |
Friday, December 03, 2021 8:46:17 AM
KnowNothing, I have declared this a "trade" since the FDA acceptance; mainly for the increased risk as supply choked any further price appreciation.
Since then, there have been many profitable 'counter-trend reaction rallies' up to falling resistance. Mustn't confuse 'long term' with 'short term'.
If an intra-day trade goes against your expectation but you maintain respect for the long term trend and manage risk accordingly, winning trades will always surpass losers.
I understand your frustration with holding throughout this long term down trend, but no need to 'kick the dog' :)
Ps The only volcanoes I've mentioned were in reference to this chart:
Since then, there have been many profitable 'counter-trend reaction rallies' up to falling resistance. Mustn't confuse 'long term' with 'short term'.
If an intra-day trade goes against your expectation but you maintain respect for the long term trend and manage risk accordingly, winning trades will always surpass losers.
I understand your frustration with holding throughout this long term down trend, but no need to 'kick the dog' :)
Ps The only volcanoes I've mentioned were in reference to this chart:
