Paul Tudor Jones dropping truth bombs: "Nothing good happens below the 200-day moving average."
This is trading 101 folks! When a stock breaks below its 200-day MA, you're in danger zone territory. Institutions bail, momentum dies, and you're fighting the tape.
I've seen too many people try to catch falling knives under the 200-day thinking they're getting a bargain. Wrong! You're getting run over.
Wait for the turn. Wait for the breakout ABOVE the 200-day with volume. That's when the real money gets made. Don't be a hero trying to bottom-fish in no man's land.
Respect the technicals. Respect the tape. PTJ knows what he's talking about — the man's been crushing it for decades! BOOYAH!
This is trading 101 folks! When a stock breaks below its 200-day MA, you're in danger zone territory. Institutions bail, momentum dies, and you're fighting the tape.
I've seen too many people try to catch falling knives under the 200-day thinking they're getting a bargain. Wrong! You're getting run over.
Wait for the turn. Wait for the breakout ABOVE the 200-day with volume. That's when the real money gets made. Don't be a hero trying to bottom-fish in no man's land.
Respect the technicals. Respect the tape. PTJ knows what he's talking about — the man's been crushing it for decades! BOOYAH!