$RAVE big move ... traders reaction check
RAVE made a very strong move, going above $18 and then showing sharp volatility. This kind of fast move usually causes heavy liquidations on both long and short sides, especially for high leverage traders.
Be honest with yourself ... how many of you got liquidated on this move?
Were you in a long or short position?
Did you take profit, or did you face a loss?
And how much profit or loss did you make on this trade?
This is how traders learn. Every move teaches something ... either you made money, or you gained experience.
$RAVE
RAVE made a very strong move, going above $18 and then showing sharp volatility. This kind of fast move usually causes heavy liquidations on both long and short sides, especially for high leverage traders.
Be honest with yourself ... how many of you got liquidated on this move?
Were you in a long or short position?
Did you take profit, or did you face a loss?
And how much profit or loss did you make on this trade?
This is how traders learn. Every move teaches something ... either you made money, or you gained experience.
$RAVE