Hafez warned all this time was different . I'm sure plenty of traders tried bottom fishing all the way down today and got wiped out
B1S2 is NOT trading sim. He has been here for years and if he has conviction either in trading or politics he sticks to it, not like other people flip-flop, and you got to respect that! By the way, overall he made good profits, if you go back to read all 15000 posts; if too lazy, then don't accusing him trading sim.
Nice call man... morning PA had all of the components & variables of a capitulation swing Lo bottom to be put in place... we still feel heavy Here With Bear Market characteristics/ PA in place... which is orderly, significant selling... pancaking floor after floor along w quick, vicious rips north.....
2500 is not even holding. Damn, massive panic never seen before. We haven't even seen the worst of the CV problem. Man, looking at below 2000 now. Damn. I lost all the gains and some so far. Small net loss, but history is in the making. Sitting this out for now.
Today was the largest drop in S&P since October 1987. That tells a lot. I'm sure Monday was up there, too. Hope you guys crushed it today. Too crazy for me.
I might be wrong, just hope for him I am not. The thing I don't understand is: why keep on trying to trade against the trend with stops but without realistic targets? I did the math and since ATH at 3400 we are currently down 970 points. All trades combined the result since 3400 for B1S2 is -868 pts. If the idea is that we WILL go back to ATH soon isn't it smarter to just hold and not set a stop? I mean: if you are in the market 50% of the time but take 90% of the losses chances are you will miss that one big 300 points rally you are trying to catch. It just doesn't make sense to me.