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I like to look at charts as they can help make some decisions on various stocks but sometimes stocks just don’t do what history says it should. Look at nvidia. Who could have predicted that.
Live this to hit past 300 again before Christmas but I’m a little weary :)
Tomorrow will reveal all. Last full trading week of the year. Nothing to say this won’t open higher. I do think a lot of stops were triggered Friday. As we all know it’s not exactly followed all chart expectations. Will be interesting whatever.
Maybe not then if it’s already on their website. I am a little surprised though that on a day when news like that is announced the sp would drop and not at least hold steady. I get it probably needs this retrace but out of all days I just would have this one would have been green.
Not worried about the drop. It’s the swing and volatility that becomes a concern. Quite a big swing today based on nothing really. No reason for it to shoot up, no reason for it to lose its declines. Was a bit of a weird trading day if you ask me.
I have to set stop losses otherwise I could go into my margin. I’ve been guilty of that before and am a much better trader. My isa is separate which I’m not concerned about but I like to set my stops so I bank good profits. My risk reward is much better. Albeit helped by a bullish run. :)
Fully agree, I had my stop loss triggered at 302 but was gutted to have not exited at its peak this morning as I purely didn’t expect the retrace.
Anyway… watching on the sidelines for a minute but will get back in.
US Jerome Powell may have some effect on this this afternoon.