Direct from the desk of Dane Williams.
How about this sustained breakout into the fresh air of all time highs on the S&P 500.
SPX Daily:
Now zoom in and take a look at that intraday price action on the hourly.
SPX Hourly:
My strategy relies on waiting for a zone of short term resistance to be retested as support in order for me to have somewhere to effectively manage my risk around. But there is zero pullback on a break of all time highs to allow a conservative day trader like myself to buy. Zero, zilch, none.
To make money trading equities, you literally just buy. It doesn't matter where it doesn't matter when, just hit the green button.
Dave Portnoy gets it.
https://twitter.com/stoolpresidente/status/1296910690930896896?s=20
- stoolpresidente
Just hold a green hammer, hit buy and watch your portfolio go up. Always up. Market timing is not a thing in equity markets during 2020. You just buy and then you just make money.
Whoever said this day trading thing was tough must have been a real dope, huh!
Best of probabilities to you,
Dane.
FOREX BROKR | Hive Blog
Higher time frame market analysis.