I already took profit on my RAVE short, and now I’m closing the position completely.
At this point, the chart is not giving me a clean direction. It can still spike, and it can still dump. That is exactly why I’m staying out for now.
RAVE has been pure hype, heavy speculation, and very aggressive price action. In markets like this, you can make a lot very fast, but you can also lose a lot just as fast.
For me, no clear path = no trade.
I’ll only re-enter when I see a clean setup, either for a long or for a short. Until then, capital preservation comes first.
The hype looks like it may be cooling down. After a huge vertical move, this is where discipline matters most.
Today was one of those days for me. A tough loss, but losses are part of the game. The market gives, and the market takes. You can make $1,000 in a day, and you can also lose $1,000 in minutes.
What matters is not pretending every day is green. What matters is learning, staying disciplined, managing risk, and showing up again tomorrow a little wiser than today.
This is how the market is. We learn, we adapt, we continue. 📉➡️📈