The dollar is at weekly highs (and other bad things for risk-on assets)

We don't day trade small accounts. We're focused on turning large accounts into 6-figure yearly earners. All trades 45-180 DTE.

📈Daily newsletter filled with actionable insights, trade ideas and more. Unsubscribe at any time: https://www.thetradinginitiative.com/...

💸 Follow me on Twitter for more content like this:   / howtoswingtrade  

A terrible day for risk-on assets as stocks, bonds, and bitcoin end at low of day and the dollar ripping into new weekly highs. We're very close to seeing that 106.50 level breakout on the DXY that probably leads to an intense selloff into new lows, potentially setting us up for the 200-day retest. As always we want to take this day-by-day and be smart about how and where we allocate our capital. If it's best suited to sit on the sidelines, we'll once again move to cash and wait for better opportunities. The name of the game is always to manage risk and stay safe!

This video is no shape or form financial advice, it is strictly intended for entertainment purposes only.