market update

i got it wrong. specially the recent relentless strength part.

it was easier to spot a reversal from deeply oversold levels but was expecting some sort of cool down to digest the one way move.

trading it part was easy part coz we have systems for it but

allocating meaningfully with conviction that was the hard part.

reflecting on where i missed i think its to do with the inorganic nature of the newslflow that's been hitting the markets.

anyone tracking flows or options market will tell you there are a lot of extraction games being played at the highest level.

i mean we are used to that in crypto but not so blatantly in tradfi.

so many times millions of calls/puts were bought just before a tweet would go out.

now lets be clear.

as traders we are solely accountable for our actions & PNL and no one else. so this is all part of it.

we can rant as much as we want and blame it on Trump and trade war but ultimately if you choose to trade then you need to find a way.

good news is systems worked better than i expected.

even after years of trading one lesson that keeps getting reinforced is

news is in the charts.

THE WHY IS ALWAYS IN THE PRICE

in the last post i wrote about how to evaluate systems.

lets see how its done recently.

the long we got in BTC SOL SUI and many others at the lows in early april still going on.

will send the next update when we have some meaningful shifts.

meanwhile you can run the positional indicator on 3d/weekly to get the support levels.

see you in the next one.