It has the ennui...
You want to underestimate the power of an ATH run when nobody wants to sell? That's on you -- just because there's low volume and very little interest in buying doesn't mean there's a selloff coming. Trade what's in front of you means that there may not be anything in front of you -- if most people are bearish but want to see how high this thing can go before they sell, if NVDA is super overpriced but that's just free unrealized gains in the bank, we may see a month of melt up/climbing the wall of worry/cycles of weak hands getting shook and FOMO.
We just finished an earnings season with lots of happy buyers. We may want to run this as high as we can before we drop -- remember, most players in the market are buy and hold investors with 10+ year timespans. Even if there is a 3-5% correction, it may just be an opportunity to buy more. This thing is bullish, it was bullish last year, and though it may not fly through the roof, this thing is bullish this year. Day traders should use caution and not get overly excited by every single move they see.
We just finished an earnings season with lots of happy buyers. We may want to run this as high as we can before we drop -- remember, most players in the market are buy and hold investors with 10+ year timespans. Even if there is a 3-5% correction, it may just be an opportunity to buy more. This thing is bullish, it was bullish last year, and though it may not fly through the roof, this thing is bullish this year. Day traders should use caution and not get overly excited by every single move they see.
I usually try not to tell you what to do -- too crowded there. I'll point out what price points/trends/patterns the pros are looking at and let you interpret what that means for your portfolio.
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