Let's Trade

8/16/21 - Great turn around to start the week!


Listen Later

It took quite a bit of patience to see the markets into the green today after gapping down and sliding to start the first 1-2 hours of the day. However once we reversed direction around 10-10:30 market time we never looked back. So markets do not seem to be too phased by anything going on in China, Afghanistan, with Delta, etc. Great news there.

Losing trade today was RKT unfortunately, however DLR worked out for about 1.5R which was enough to end the day in the green. Generally, you will see a surge in volume the last 5-10 minutes of each day that goes with the current trend so keep that in mind if you are holding onto a trade but looking to sell at the end of day.

Bitcoin chopping around and sliding a little bit, along with the rest of the crypto market, however as long as we do not go below 45.5k with a significant move we should be ok to continue consolidating before moving up a little more.

...more
View all episodesView all episodes
Download on the App Store

Let's TradeBy Derek Hutson