so the good news there is consistency in my trades. very high the bad news its backwards i manage to buy right before major dip and sell either on same day or days before major spike on that stock.. i also noticed that a highly volatile stock literally flatlines when im holding it(not as consistent anymore since i buy and sell less frequently. i started trading last year and even though i have been reasonably successful in not losing money overall (before the most recent purchase and dip i was at over 135% of total profit since begining of trading. but at the moment im in negative small acount (was up to 4300 last week now back down to 3000) i had a major dip in my account few times and thankfully read about loss management so i didnt freak out aand handled it pretty well. waited out and made money after. i do manage to recover by simply holding until it goes back up which takes months sometimes im trying to figure out what im doing wrong so i can keep the same consistency but reverse the polarity of my decisions so i buy and sell at the right times instead of wrong times lol
Well, remember what Seinfeld said "If every instinct you have is wrong, then the opposite would have to be right."
Dios happen you can't really predict the markets 100% or even 50% just got to take losses on the chin and move on. Bail and go elsewhere has risks. Downtrend current!y so better off cash and wait, but ofcourse might be the end of the downtrend then you've missed out. It's never easy, which is why I intraday trade/scalp.
Seinfeld is an actor and has no clue about trading. And if you believe his statement, you have no clue about trading too.
Someone made a flippant comment and virtumuppet, took it seriously as no understanding of humour I see LOL
If it is a seemingly clueless remark to you, it means you also don't understand it. Things you don't understand are always clueless for you. Instincts can be wrong, but they can also be right. There is not such a thing as an instinct that is alway wrong. So instinct can never help you to become profitable. Replacing your trading system by instinct is just replacing one uncertainty by another. You could make the same remark towards kandlekid who posted that Seinfeld told it. If it was a seemingly clueless remark he should not have mention Seinfeld.