You Don’t Get Up Early Enough – Nikkei Down -684

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<p>Invest if you’re gonna invest, and leave it at that.</p>

<p>I for one, take my early crypto purchases ( bought a couple hundred Ethereum at 170 bux in 2018 ) as an investment – not a trade.</p>

<p>But if you’re gonna trade – you likely don’t get up early enough. if you don’t “already know” what the market open is gonna look like “prior to the open” well…you need to reset your alarm.</p>

<p>Where are we in the daily cycle? The weekly cycle? What happened in Japan overnight (as they’ve already put in a full day’s trading)? Are we extremely overbought / oversold (use the 21 day RSI)? What news may have come out overnight that may dramatically affect markets? Where’s the U.S dollar at?</p>

<p>All things you need to consider before you even THINK about any specific company’s profit ‘n loss or balance sheet, let alone placing a trade.</p>

<p>You think the big boys are pouring over earnings reports when the market as a whole is totally oversold and potentially in free fall? Common. Seriously….this is one big math puzzle to solve day in / day out…no CNBC news flash gonna solve it for you.</p>

<p>You need to work harder if you wanna do this for a living. It’s work – simple as that.</p>

<p>So on that note….we are waaaaay late in the daily cycle (looking for a swing low, and subsequent follow through to confirm a new daily cycle). </p>

<p>The weekly cycle suggests that this very well may be a “yearly low” and a fantastic buying opportunity ( not today jackass as these are weekly candles ). </p>

<p>We are completely and totally oversold on the RSI. Russia just had it’s victory parade and the U.S dollar has just turned negative as of this writing.</p>

<p>There you go. Not that hard.</p>

<p>I’d be looking for buying opportunities as this looks like capitulation as well (when newbies and retail finally throw in their towels), but that doesn’t mean “today”. </p>

<p>We need to see “confirmation of a trend change” before gettin’ all gitty. I’ll explain later….”or” you could just look it up!</p>

<p>Get to work!</p>
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