I am staying out of the market to preserve 50% of my profit from SIA til the next month. In doing this, I ensure that I am green for this month, as I was green from the previous 2 months as well. This shows consistency and I believe it is one of the first challenges to becoming profitable in trading for the long run.
I will review this market cycle as now it looks more like a sideways trending one. My strategy will still be the same: defining my channel and scooping up the bottom. And always remember the golden rule: Cut losses short and ride your profits!
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