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No one knows when the pullback will come. If you're a holder and you want to take profit but not sure what to do.
Taking profits partially is always a better idea.
This way you prepare yourself for both scenarios a pullback and more upside as well.
If you missed this move many of the traders are waiting for a pullback to buy and many of them are shorting thinking it will pullback. waiting for pullback is okay but revenge trading /shorting it isn't.
Like i said no one knows when pullback will come so stop playing guess games and short anything just because you missed it or just because you think it's too high.
Markets can stay irrational longer than you think.
Play safe.
Taking profits partially is always a better idea.
This way you prepare yourself for both scenarios a pullback and more upside as well.
If you missed this move many of the traders are waiting for a pullback to buy and many of them are shorting thinking it will pullback. waiting for pullback is okay but revenge trading /shorting it isn't.
Like i said no one knows when pullback will come so stop playing guess games and short anything just because you missed it or just because you think it's too high.
Markets can stay irrational longer than you think.
Play safe.
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