The day-after test: this week's top gainers are handing it back.
Binance spot, ~18:00 IST Saturday:
$TIA ran from ~$0.52 (Oct 15 low) to a ~$0.769 high this morning, about +48%. One 4H candle this afternoon took it from ~$0.73 to ~$0.66, and it now sits near ~$0.667, roughly 40% of the run given back.
$INJ is ~8% off Friday's ~$9.41 high. ARB is ~8% off ~$0.203. $STRK is ~28% below Thursday's ~$0.099 spike.
Before I chase a top gainer, I run three questions:
1. LATE: if it's already up 25%+ on the day, who is selling to me, and why now?
2. INVALID: can I name the 4H close that proves me wrong? If not, my size is a guess.
3. HALF: could I sit through it giving back half the move? TIA just did that in a day.
Three yeses, or I let it go. Missing a pump costs nothing. Buying the top of one costs a lot.
Not financial advice, just a filter.
Do you chase green, or wait for the pullback? Reply CHASE or WAIT.
#BinanceSquare #TradingPsychology #TIA
Binance spot, ~18:00 IST Saturday:
$TIA ran from ~$0.52 (Oct 15 low) to a ~$0.769 high this morning, about +48%. One 4H candle this afternoon took it from ~$0.73 to ~$0.66, and it now sits near ~$0.667, roughly 40% of the run given back.
$INJ is ~8% off Friday's ~$9.41 high. ARB is ~8% off ~$0.203. $STRK is ~28% below Thursday's ~$0.099 spike.
Before I chase a top gainer, I run three questions:
1. LATE: if it's already up 25%+ on the day, who is selling to me, and why now?
2. INVALID: can I name the 4H close that proves me wrong? If not, my size is a guess.
3. HALF: could I sit through it giving back half the move? TIA just did that in a day.
Three yeses, or I let it go. Missing a pump costs nothing. Buying the top of one costs a lot.
Not financial advice, just a filter.
Do you chase green, or wait for the pullback? Reply CHASE or WAIT.
#BinanceSquare #TradingPsychology #TIA