Daily #Markets

Thought of the day: “Follow your own inner moonlight, do not hide the madness”, Allen Ginsberg, Happy Birthday

Great traders are not smarter, they have smarter trading habits
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Bullish weakness: Longer-term trend is bullish. There has been some temporary weakness, but the uptrend is likely to resume
Bearish strength: Longer-term trend is bearish. There has been some temporary rally, but the downtrend is likely to resume
Volatility Channels (Horizontal dotted lines) : Markets often retest swings. This is a volatility buffer to allow wiggle room.
Volatility Channel: Think of the other side of a volatility channel of the distance it would take to close half the position to break even if the remainder was to hit the stop loss
#n%: Think of it as a rudimentary equity at risk position sizing. It is 1% divided by the distance from the day the swing is recorded to the volatility channel
Disclaimer: this is neither a solicitation, nor an investment advice