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Today is Monday. The current market is in an up-and-down consolidation range. The goal is to shake retail investors out of the market by pushing both the upper and lower sides to inflict losses. Therefore, it’s best to stay in cash and observe. If you must trade within the consolidation range, then short near the upper boundary and go long near the lower boundary, with light position size—take a bite and then go when it’s time. Of course, if it breaks out or breaks down, then you should stop loss immediately. Never hold on to a losing position.
Today is Monday. The current market is in an up-and-down consolidation range. The goal is to shake retail investors out of the market by pushing both the upper and lower sides to inflict losses. Therefore, it’s best to stay in cash and observe. If you must trade within the consolidation range, then short near the upper boundary and go long near the lower boundary, with light position size—take a bite and then go when it’s time. Of course, if it breaks out or breaks down, then you should stop loss immediately. Never hold on to a losing position.
