I observed that when 10 to 20 stocks move significantly intraday and from previous days close, it is a sideways to down market, if more than 30 significant moves, it is a bull market. Just my opinion.
Maybe readers are wondering why a trend follower violates his rules and trade ceiling plays.
Sometimes, you have to practice how to control your emotions, if you still know how to follow your own rules, and in case you lose, just sell and move on. It is important to know yourself, that you will not freeze when you see the price drop sharply against your position. Those things can happen, if you cannot control yourself.
LCB, that kind of gap, if gap up tomorrow,then maybe 1.32 will be history. Just like the link below.
"If you can learn to create a state of mind that is not affected by the market's behavior, the struggle will cease to exist. When the internal struggle ends, everything becomes easy. At that point, you can take full advantage of all your skills, analytical or otherwise, to eventually realize your potential as a trader." Mark Douglas
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