$SUI Daily chart: 5 consecutive down days, for a cumulative decline of -17.09%; so far today, down -0.11%.
I used to think that after a run of down days, the next one would fall too. Later I realized that a streak of several days doesn’t tell you whether the next one will close up or down—consecutive up or down days only show which side had the upper hand during those days.
Sizing your position based on where you place your stop-loss is much more reliable than placing trades by gut feel.
NFA. Do your own research.
I used to think that after a run of down days, the next one would fall too. Later I realized that a streak of several days doesn’t tell you whether the next one will close up or down—consecutive up or down days only show which side had the upper hand during those days.
Sizing your position based on where you place your stop-loss is much more reliable than placing trades by gut feel.
NFA. Do your own research.