Stared at the screen for two hours, and the price is just spinning in place.
This kind of market is the most exhausting — it won't drop, it won't rise, longs and shorts are both waiting for the other side to make a mistake first.
Some are anxious, some are panicked, some are starting to doubt whether they got the direction wrong.
Actually, don't worry.
Markets are in consolidation 80% of the time. The real 20% that makes you money often only accounts for 5% of your holding time. The remaining 95% is spent waiting — waiting for signals, waiting for breakouts, waiting for the counterparty to run out of ammo.
Right now is the "waiting" phase.
Don't waste energy on a few candles, and don't keep going back and forth in the range. Consolidation is the market giving red envelopes to patient traders, not paychecks to trigger-happy ones.
Go do whatever you need to do. Check your phone once in a while, and the price is still there.
Stared at the screen for two hours, and the price is just spinning in place.
This kind of market is the most exhausting — it won't drop, it won't rise, longs and shorts are both waiting for the other side to make a mistake first.
Some are anxious, some are panicked, some are starting to doubt whether they got the direction wrong.
Actually, don't worry.
Markets are in consolidation 80% of the time. The real 20% that makes you money often only accounts for 5% of your holding time. The remaining 95% is spent waiting — waiting for signals, waiting for breakouts, waiting for the counterparty to run out of ammo.
Right now is the "waiting" phase.
Don't waste energy on a few candles, and don't keep going back and forth in the range. Consolidation is the market giving red envelopes to patient traders, not paychecks to trigger-happy ones.
Go do whatever you need to do. Check your phone once in a while, and the price is still there.
That's good. It means it's not time to move yet.