What I am watching for on NAS100!
Who else had terrible days last week?
NAS100 and I weren't cool last week. I had devastating punches in the ring. Just when I thought it gave me a very beautiful bullish continuation pattern, it dropped like rain after the U.S CPI data release.
I want to allow the market to still digest the data of last week. I am hoping to see a correction soon at least at the May low, there I want to see some sort of corrections which will help me have vivid details of the future direction of the index, whether it will rise from there or drop further and I will take it from there.
One thing I have learnt and something I have to continuously remind myself:
Never trade the market when it's in the correction phase, it is very frustrating and it keeps you glued to your computer all day long.
I want to keep my trading simple and look for ways to enjoy myself and STOP worrying about every move on NAS100. It will definitely move and I am not going to stop it or tell it where to go, I will only wait for best opportunities to show up and capitalize on those.
I hope you do the same. Don't chase the market, take it simple and remember there are a lot of instruments to take a look at, diversify your portfolio.
And remember to always play it smart, the market doesn't owe you, it is hungry for more!
NAS100 and I weren't cool last week. I had devastating punches in the ring. Just when I thought it gave me a very beautiful bullish continuation pattern, it dropped like rain after the U.S CPI data release.
I want to allow the market to still digest the data of last week. I am hoping to see a correction soon at least at the May low, there I want to see some sort of corrections which will help me have vivid details of the future direction of the index, whether it will rise from there or drop further and I will take it from there.
One thing I have learnt and something I have to continuously remind myself:
Never trade the market when it's in the correction phase, it is very frustrating and it keeps you glued to your computer all day long.
I want to keep my trading simple and look for ways to enjoy myself and STOP worrying about every move on NAS100. It will definitely move and I am not going to stop it or tell it where to go, I will only wait for best opportunities to show up and capitalize on those.
I hope you do the same. Don't chase the market, take it simple and remember there are a lot of instruments to take a look at, diversify your portfolio.
And remember to always play it smart, the market doesn't owe you, it is hungry for more!
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