Coinbase Q1 Earnings Highlights BUT I STAY SHORTTREND STRONG SELL
I love the WALLSTREET: Everytime the reports are beyond the estimates of the Wallstreet I sell.
My axxuacy is far beyond 75%.
Why does it work?
Everytime the news are released, the big boys have aleady taken profits, and now the gonna for better prices o better to make more money in the opposite direction. That is what I call the smart money
I do not care if I like the name or the company or the product, when I trade.
Emotions are your enemies,when trading.
You heard expressions like
Never catch a falling knife
There is time to go long, time to go short and time to go fishing.” — Jesse Lauriston Livermore
“Markets can remain irrational longer than you can remain solvent.” – John Maynard Keynes
“Most people, whether bull or bear, when they are right, are right for the wrong reason, in my opinion.” – Jesse Lauriston Livermore
“Someone will always be getting richer faster than you. This is not a tragedy.” – Charlie Munger
“The trend is your friend except at the end where it bends.” — Ed Seykota
What is a Falling Knife?
A falling knife is a colloquial term for a rapid drop in the price or value of a security. The term is commonly used in phrases like, "don't try to catch a falling knife," which can be translated to mean, "wait for the price to bottom out before buying it." A falling knife can quickly rebound - in what's known as a whipsaw—or the security may lose all of its value, as in the case of a bankruptcy.
Falling knife refers to a sharp drop, but there is no specific magnitude or duration to the drop before it constitutes a falling knife.
A falling knife is generally used as a caution not to jump into a stock or other asset during a drop.
Traders will trade on a sharp drop, but they generally want to be in a short position and will use technical indicators to time their trades.
What a Falling Knife Tells You
The term falling knife suggests that buying into a market with a lot of downward momentum can be extremely dangerous—just like trying to catch an actual falling knife. In practice, however, there are many different profit points with a falling knife. If timed perfectly, a trader that buys at the bottom of a downtrend can realize a significant profit as the price recovers. Likewise, piling into a short position as the price falls and getting out before a rebound can be profitable. Moreover, even buy and hold investors can use a falling knife as a buy opportunity provided they have a fundamental case for owning the stock.
That said, there is a very real risk that the timing will be off and there could be significant losses before any gains. So many traders still pay lip service to the adage. Instead of trying to "catch the falling knife," traders should look for confirmation of a trend reversal using other technical indicators and chart patterns. An example of a confirmation could be as simple as waiting for several days of upward momentum after the fall or looking at the relative strength index (RSI) for signs of a stronger uptrend before buying into the new trend.
CONCLUSION: The trend direction is short! BASTA! The short volumes are high what means more selles are enthusiastic to risk more money in short direction.
Fundamentals:
Although the Q1 reportings where positive the market paticipants have not been enthusiastic. No bull volume, no, new Higher Hihs. Instead the market did the opposite: Wallstreet went short. IF THIS IS BEYOND THE ESTIMATES:THEN I decide to sell more on weakness.
