Am I missing something here? When I see the whales move the market this quickly should I just grab onto their tales and go for the ride? It seems like a sure thing but I know I'm missing something. Please educate me as to what is wrong with my reasoning.
If you really want to trade or become a trader. Don't rely too much on fundamentals, just like what you saying which is some whale things and I think you are saying that some people are manipulating the market.
Since you are just starting, it is much better for sure to learn first some technical analysis especially on using chart.
Don't just based on percentage gains, you should also check it on the chart, with candles or volume indicators.
One more thing advice for beginner trader, we don't have to always get profits in our trade. Sometimes cutloss is needed to reduce more loss.
But make sure we can control our risk management and make our profits is more than our loss. Not easy at first, maybe we'll struggling for a month for doing daytrading, but when we know the cycles i'm sure taking 1-3% profits a day is not hard.