Mate,
Difficult market to make money, I like to take small profits more often in this current market or stay away and hold cash till things settles down.
Our market does not like or believe the current trend and sentiment in the market it shows a collective actions from most traders and they have sold AWC, never mind what happened in US now I like to listen more to the market than to what I like to see and fight the trend.
This the time to be super fast take small profits or small loss or keep the cash.
The volatility is staying here for a while and definiteley
the temptation can become big enough to jump in and out and move with every tick but it is too hard for me and would rather just watch.
There are better time ahead and easier opportunities to make money when clarity returns.
Having cash in hand and not doing anything is sometimes the best strategy in the market.
Cheers,
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Dani Nadri, Country Manager Australia
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