Alpha Mail #68
PARTNER: THE HAVEN
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INTERVIEW: Ameba_NM
Ameba_NM has been grinding the crypto and FX markets since 2019.
“Trading taught me how impatient I can be, especially when dealing with the unknown”
JIM: I’M TIRED BOSS
It's unbelievable to me how many of our community of so-called professional traders get so emotionally charged every time we get sideways action.
This will be short and sweet, as that's all it needs to be.
Wait for price to establish outside of value (range), and punt long. If it closes back in value, close long.If it tries again, punt long.
If it holds outside of value and moves away from previous value, hold the long.
Generally, price will move 12 to 20% once there is a value break of this length. So use that info to define your target.
In the meantime, go throw a pot or paint a landscape or knit a scarf or something and stop posting your directional takes at a multi-week point of control, we are all tired of them.
Happy Easter.
-Jim