Transcript excerpt from a YouTube video advising traders to favour buying retracements in a bullish trend rather than shorting during choppy markets. The speaker emphasizes trading with the trend, waiting for retracements into 'fair value gaps' as higher-probability buying opportunities, and warns against attempting large short trades in a bullish market.
Which means every opportunity into any sort of PDOA on the daily chart is an opportunity to buy the dip for higher prices, not to short. Okay, shorting right now. Yeah, sure. You take, you take your profit at the fair bit gap. Cool. That's like a, what, $2,000 move? Wouldn't you agree that the better move here, wait for a retracement into the fair value gap and then write a 5 or $10,000 move. Much bigger magnitude, much higher probability. Chances are you're not going to have to wait so long for this trade to play out either. Whereas here you could just chop around for days and like, yeah, overall, just remember that there is a reason why they're saying, oh, trade with the trend, or the trend is your friend. It's so popular. It is true. That's what makes money. And if possible, don't count a trend trade. Right now. The trend is bullish. So just a gentle reminder to all of you that may be new to the markets at the moment, please do not have the, do not feel the temptation to start just going giga short here. We've seen, we've seen a couple of very bad examples play out throughout the bear market. Il capo is one of them. And look at where he's at now. Right? Rock bottom.
