Let’s review the pace of trading SanDisk from last week through today. Around 1,550 last Tuesday and Wednesday, I saw daily-to-weekly downside momentum picking up, so I started shorting for three days in a row. I shorted below 1,500 down to 1,444; below 1,400 down to 1,366 and 1,336; and below 1,312 down to 1,228—all in one smooth run. Then I bought the dip (with the 1,236–1,228 zone already marked around 1,530, and 1,200 as the defense level). I also stressed that you should not chase shorts below 1,228. Yesterday, I stressed that you should not chase shorts below 1,312. Tomorrow, I’ll reiterate that you should not chase shorts below 1,400. Every one of these moves was dictated by changes in candlestick momentum.
If you’re familiar with indicators for bottoming patterns—signals that a decline is stalling, that an advance is losing steam, or that an uptrend or downtrend is accelerating—you can pinpoint each take-profit level during a rebound, as well as where to lock in profits on shorts before a sell-off accelerates. This helps you identify key opportunities to buy the dip during major short- to medium-term swings, and to enter short positions near the highs of major rebounds.
If you master candlestick momentum theory, you’ll have more time and energy to focus on short- to medium-term trading, and you may do very well. Whatever field I’m in, I enjoy thinking things through, so I’ve developed many of my own unique insights and takeaways. We don’t need to know everything; knowledge that’s too fragmented can be counterproductive. Nor do we need to cover too much ground. Rather than spreading ourselves too thin, it’s better to commit to one method and keep refining and optimizing it. I find the approach I’ve developed through my own research very practical. It’s all something I figured out on my own, and it’s relatively easy to learn. It helps me forecast the lowest a pullback might go so I can buy the dip, and where a rebound might reach each day so I can take profits. The simpler, the better.
I’m considering getting back to a weekly class schedule soon. Anyone with even a little experience can sign up. I’ll provide live-market explanations of candlestick momentum theory for several leading names, including BTC, ETH, SOL, SNDK, and MUU, and teach the basics of identifying indicators for long and short entries, how to find those entry points, and risk management.
My sleep schedule has been completely reversed lately. I haven’t been following the U.S. stock market for many days, so of the five or six names mentioned above, I only trade two or three each day; I trade the others irregularly. I’m also doing fewer very short-term trades below the four-hour timeframe, and generally stick to the four-hour chart and daily chart. It’s a bit more relaxing and helps avoid excessive trading and the wear and tear that comes with it. I only turn into a position-building machine when there’s a major one-way uptrend. If you have plenty of energy and stay focused, you can surely do even better.
If you’re familiar with indicators for bottoming patterns—signals that a decline is stalling, that an advance is losing steam, or that an uptrend or downtrend is accelerating—you can pinpoint each take-profit level during a rebound, as well as where to lock in profits on shorts before a sell-off accelerates. This helps you identify key opportunities to buy the dip during major short- to medium-term swings, and to enter short positions near the highs of major rebounds.
If you master candlestick momentum theory, you’ll have more time and energy to focus on short- to medium-term trading, and you may do very well. Whatever field I’m in, I enjoy thinking things through, so I’ve developed many of my own unique insights and takeaways. We don’t need to know everything; knowledge that’s too fragmented can be counterproductive. Nor do we need to cover too much ground. Rather than spreading ourselves too thin, it’s better to commit to one method and keep refining and optimizing it. I find the approach I’ve developed through my own research very practical. It’s all something I figured out on my own, and it’s relatively easy to learn. It helps me forecast the lowest a pullback might go so I can buy the dip, and where a rebound might reach each day so I can take profits. The simpler, the better.
I’m considering getting back to a weekly class schedule soon. Anyone with even a little experience can sign up. I’ll provide live-market explanations of candlestick momentum theory for several leading names, including BTC, ETH, SOL, SNDK, and MUU, and teach the basics of identifying indicators for long and short entries, how to find those entry points, and risk management.
My sleep schedule has been completely reversed lately. I haven’t been following the U.S. stock market for many days, so of the five or six names mentioned above, I only trade two or three each day; I trade the others irregularly. I’m also doing fewer very short-term trades below the four-hour timeframe, and generally stick to the four-hour chart and daily chart. It’s a bit more relaxing and helps avoid excessive trading and the wear and tear that comes with it. I only turn into a position-building machine when there’s a major one-way uptrend. If you have plenty of energy and stay focused, you can surely do even better.