Market Update - 12/29/2024• ended up flat for the week, despite a lot of trades, was up to 100% invested on Thursday, but ended up back to 17%
• still cautious, the market might put breakouts on hold and we can see a correction
• there are a lot of setups, good setups even, but I expect the fail rate to be very high going forward, until the market broadens out
• the market is still led by a few names and the majority of stocks are relatively oversold, but I think we could go lower if the large names start to correct too
• however, my trading statistics have been improving very nicely, currently at above 3-4x RR with a ~30% win rate, which means if I can keep or improve this, I can get to profitability soon
