One-third analysis
What is price doing?
What is volume/flow doing?
What is the data saying?
One-third execution
Entry.
Risk.
Position size.
One-third psychology
Patience.
Discipline.
Review.
Most traders spend 90% of their effort on analysis and almost none on execution or psychology. The best traders/investors tend to distribute attention more evenly across all three.
As we have been discussing for weeks now, $QQQ 2hr 50EMA continues to act as key dynamic support and resistance.
Big level to break up on Monday with the first new FED chair announcement on Wednesday.
No suprises $SMH are the number one performer after the last 2 day bounce but interesting to see $KRE second.
Since banks and Energy are often tied to higher rates for longer the FED's meeting this week will be important.
Hey everyone, no new video today for the close but we will be live for the open on Friday starting 1 hour before the market opens. See you there, it’s going to be an interesting day.
Another cluster of Hindenburg Omens appear near the top?
Liquidity movements ahead of this weeks #SpaceX IPO.
And what is going on with the stock market volatility, are bonds actually concerned?
That and more in today's show: 👇👇👇