https://www.elitetrader.com/et/thre...ket-keeps-rallying.344564/page-3#post-5096114 Yes, that is why you need to just buy the SP 500 index twice a month like me and go with the flow. I been doing it since 2009 and its easy money, and I do not even read the news articles or understand politics or any of that fancy talk, and I spend the time day trading to make consistently money. Overtime the market is going to Always go up. Just look that chart since 1970, it goes UP, so just buy when you get some money monthly. Then you have more free time for other stuff. No need to read the news articles. Sounds simple to me.
It is too late for me, friend. I went all in at the very tippy tippy top in the beginning of February, on dividend stocks, across all sectors. Yes, I'm one of those guys, who was looking for dividend income. *shrugs* My last bastion of income is trading the futures, and so say I all. But all throughout April I could not do my old swing method, because I had just bailed on a 2000 point loss on the NQ. I do not have the experience to know that a 2000 point drop in the NQ can then lead to a 2000 point rise a month later. And I thought Feb 2018 was rough. And I thought Q4 2018 was rough...When is this market going to do what all the doomsayers say is going to happen? Drop 50-70% and stay there for a couple of years? Where is the bear market that will wipe out the bulls? Because as far as I can tell, rotating long will still make you whole. Too bad I did not get the memo after I sold my long future entries at near the low of the cycle. Where's the "bear market"?
I completely agree, it's all artificial, fed made, but I don't prove too much as to the "why", I'm playing by the rules and if the current momentum is bullish, let's ride the bull, right stops and all, not too sure about the next meltdown, the economy is suffering but that is already priced in, if any weight may slow the market, it's earnings and future guidance