First given on 2022 and here come another on 2033. Reason ? Because is momemtum...
Congratulations to trader who had bought it for swing .
Volatility = đ°, Here's why đ
@everyone, In just 2 short months since the financial world was shaken by SVB's failure back in March, we are already seeing the 3rd bank failure - this time by First Republic Bank.
It's hard to say how this will impact the market in the next coming weeks...
But with many other important economic events such as the FED's policy-making meeting and tech earnings report from Apple happening this week...
It's safe to say that the next few weeks are going to be volatile, and the market can move either way.
But what does this really mean?
Is it a bad thing?
Well, to investors, it could be.
For traders? Definitely not.
You see, volatility is where traders THRIVE.
It's where goldmine opportunities are found and fortune is made (especially volatility resulted from crises).
Just like last year's bear market - With the never-ending up and down movements in the market and investors bag holding on to some serious losses...
Because the truth about making money in volatile times is that it's all about identifying the silver lining - capturing and riding on trends.
When the trend is up, we ride it and profit.
When the trend is down, we ride it and profit.
With an endless amount of trends for us to capitalize on, we just need to identify moments where the trend is strong to enter and then exit with profits when there are signs of weakness in the trend.
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