This is when we have to show discipline. When indices like $SPDR S&P 500(SPY.US), $Invesco QQQ Trust(QQQ.US), $iShares Russell 2000(IWM.US) are at ATHs and banks like $Goldman Sachs(GS.US) are now giving 8000 and 9000 price targets, you should read in between the lines.
It's really easy to get that FOMO and force entries on extended charts just to catch a piece of the move. But this is exactly when I slow down.The real test isn't finding another A+ setup when everything is extended. It is having the control to sit on your hands, let the best ideas come to our entries at 9 or 21ema or even better 50ma.Wait for the levels to reset so you can actually define your risk. Protect the capital first.The copyright of this article belongs to the original author/organization.
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