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A trader explains why consolidation and choppy price action are good for building positions in a bull market. Fast rips up tend to trigger corrections, so steady moves let you load at better prices.
A trader explains why consolidation and choppy price action are good for building positions in a bull market. Fast rips up tend to trigger corrections, so steady moves let you load at better prices.
We just need to stay the course and let the bull market play out. I like the price action that it has right now. This consolidation and expansion is just so. I don't understand how people can seek all of this extreme fast moves up. It doesn't allow you to take any positions. So this, this chop just allows you to really load up and maximize your profitability. So much better than if you just had one rip and it's over. And just like Giovanni says, if the thing rips, deviates too far too fast, then we got to come back and correct and we don't want to do that. I'll just keep it going up.
