Stopped out—now just be patient and wait for the next opportunity.
At the top, this is how it goes: it keeps sweeping stop-losses.
But the goal doesn’t change, and the direction doesn’t change.
After the top of this wave is touched, there will be a big drop that everyone can’t imagine.
Just like many people missed out this time.
No rush with the short—take it slow. The process of topping out is painful itself; it keeps breaking through your mental defenses and sweeping your stop-losses. But once the market finally turns and you’re back in a short, that’s beyond expectations.
At the top, this is how it goes: it keeps sweeping stop-losses.
But the goal doesn’t change, and the direction doesn’t change.
After the top of this wave is touched, there will be a big drop that everyone can’t imagine.
Just like many people missed out this time.
No rush with the short—take it slow. The process of topping out is painful itself; it keeps breaking through your mental defenses and sweeping your stop-losses. But once the market finally turns and you’re back in a short, that’s beyond expectations.