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SOL LILO - aka Layers of Supp and Res (Patreon)

Published:
2024-01-22 20:01:32
Imported:
2024-02
Tags:

Content

For T Bones

My LILO levels right now are $78 (Layer 6)  hence my buy at $82.61 as it was close to the layer - I also had confluence w IADSS and Trend

LILO Settings - note I now drop the anchor at today's date as the rampage since 200 DMA was too strong


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Comments

Anonymous

Should start whipping myself like James says he does when he makes the same mistake. My mistake was to believe this ETF hype and that draw-downs would decrease in magnitude. Markets always trade in the opposite direction the majority thinks it will. There’s a well known saying- when your taxi driver (replace with Uber) tells you to buy this or that stock, it’s time to sell. By then, all the FOMO people have just started to buy and the Pros are selling their stock to them. BTC, SOL, and everything else is tanking. Need a cold shower…

Anonymous

Some great comments. I don't try a fraction of what James does here as I simply know I don't have that kind of experience or knowledge. I try to stay within my limitations and keep on learning. HODL bags are a no touch zone, if I trade, it's with small amounts and usually do not stray too far from my comfort zone.. always evolving though.