What lesson did you learn from the market this week?
I personally, learnt to always take profit.
Taking profit has always been advised in the industry as this is a very volatile market that one minute we could be in a bullish trend and the very next minute things change. We have very vulnerable investors in the market which is why things move so quickly. Emotions are all over the market even though it has been advised against entering the market with emotions. We have traders with no experience which are just gambling on how the market will go and they open position that they can't withstand the pain if they were to lose.
The market has made it seems like you go big or go home, everyone wants to hit it big one time and this is reflecting on the market as the charts are unhealthy and making things difficult for traders that read the market with charts.