A trader explains using the quarterly open as a reference point to buy below it and hold for upside. He emphasizes timing, liquidity, and preferring small long losses over short trades.
This is really all you're looking for from a technical perspective. Q1 close. Bullish. What you're looking for is that same concept. Who's going to get the best fill on that next quarter? Anybody that's buying it below the quarterly open. To me, all of these levels would have been targets to the upside. Now we drop down to like an hourly chart and go back to the 1st of April. Who's getting the best fill through the entire quarter? Let's say if the quarter closes, Bullish. And this is our open price, anybody that's buying it below that quarterly open, and then now they're just holding it. Hopefully. You know, if it ran up this much that a lot of people took their profits off of those. Right. Because we've taken out the liquidity that we mentioned. But again, it's a time. Let's say you miss this run and then you miss this run. If you are continuously trying to shorten here, yeah, maybe you're going to make some money, but at some point, when is it going to roll over, turn higher and then eventually make another run? Right. It's trading is a lot of timing and it's risk management. Because I would rather take three losses in here trying to go long than short. So I'd rather take three losses and then on the fourth trade, make it all bad.
