The art of this sort of trading is zooming in and zooming out of markets, everything affects markets.
Not being able to do it at the same time makes poor decisions.
Example 1. when everyone thought oil was finished 2 years ago everyone zoomed in and bought up techs thinking this is gonna be the new way.
Example 2. It wasn't and now that it is evident we cannot live without resources with thought we could live without. everyone zoomed out and saw the techs as a liability.
Hence the tech demise again. markets are all patterns. regardless of balance sheets ETC.
the herd run always to greener pastures. Knowing the seasons is key to survival.
1PG Price at posting:
17.5¢ Sentiment: None Disclosure: Not Held
