Overall market still trending up and range bound, the $211-$212 area has been a tricky spot for some time now, so it was not the biggest surprise, when we had a day or two pull in. There were a lot of people trying to call tops, and saying we were in for a "nasty pull back", we were going back to summer lows etc.
The market pulled in less than 3% off highs, while we have been on a 16% rally off lows.
Markets need to take a breathe and set back up before their next leg, stocks cant simply go up every day.
Have a game plan, have a define out, trail your profitable positions, cut your losers, don't average down, keep trading simple.
Trading is hard enough, the simpler you make your trading, the easier it will be to profit.
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