Everyone is waiting for a callback, those shorting are waiting for a drop to get out, those wanting to go long are waiting for a callback to get in, but the market is like it’s on steroids, soaring all the way up, continuously rising, and blowing out shorts!
In the past hour, shorts lost $21.11 million, in the past 4 hours, shorts lost $50.49 million, in the past 12 hours, shorts lost $370 million, in the past 24 hours, shorts lost $560 million, over 167,000 people were liquidated...
Don't be stubborn, don't guess the top, honestly wait for a pullback, get in when there’s an opportunity, stand by when there isn’t! Otherwise, if you keep trying to catch a pullback, even a small position can hurt, chasing the rise, fearing a sudden reversal, shorting when the bulls are strong with no pullback, lacking certainty, not being confident, just observing, waving the white flag and surrendering!