From the Desk of Louis Sykes
Whenever we have any discussion about approaching this market from the long side, we’re quickly stumped.
In the current tape, there’s just so much supply to work through that there’s no reason for getting overly bullish on meaningful time frames.
Go back and look at these infamous retests of supply zones; they are no joke.
Don’t be smart money’s exit liquidity. At the very least, we want to err on the patient side of things until this supply eventually gets eaten through in some capacity.
A big difference that often differentiates mediocre traders from good ones is the ability to sit tight, wait for a setup to form, and follow the money flow into a position.