The iron rule of every trader😁👇
Short summary of the last month)
* Opened a long — the chart immediately drops down, as if it was pushed off a roof.
* Got frustrated, closed it, opened a short — the price rockets up right away.
* Everyone around is shouting about a long, and you entered a short — the market goes up and punishes the smart guys.
* Everyone is long, and you jumped in with everyone else — liquidation hits faster than you can blink.
With shorts it’s the same thing, only the other way around: as soon as you bet on a drop, the market starts rising out of spite.
The conclusion is simple: the chart works on the principle of “do everything opposite to a trader’s logic.”
$NVDAB