This is what I consider to be a niche issue in the realm of trading, but I've seen it happen more and more lately, and in particular this year, and that is when the market is up 6,7 or even 8 days in a row.
A lot of emotions start to enter the market, and traders get nervous as to what to do - chase and try to hope it keeps going up or wait for better opportunities off of a pullback.
Here's the video:
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Ryan (@shareplanner) specializes in swing trading strategies and is the founder of SharePlanner which he created to help and teach others on how to trade stocks better using multiple approaches and time frames. Each day you can count on Ryan to provide his trading advice as well as transparency in every trade that he makes. Ryan Mallory resides in Central Florida. More >>