Well, I did say before that you will glow when we start going back up. Just watch out when we roll back down.
There is no way I could trade this stuff with any kind of size. This thread has maybe what, a dozen or so regular posters... but I'll tell you what, there are tons and tons of people at this very minute trying to trade this stuff... and 9 out of 10 of them will lose money bigtime. All these retail schmucks out there trying to trade the ES or NQ... pfff... they're all going to get wiped out. Now B1 however.... big money B1 with his Dubai accounts and all... he can absorb 200 point stops and wait for months to be right, but most retail players aren't in that league. This uptrend however was a goldmine for stocks. It was an opportunity that comes along once in a blue-moon. Tbh I wish was playing with a 7 figure account, because I would have killed it. Shit like MCD @ $132.... I mean all these online education things geared towards newbies are about forex and the ES etc.... dumb. Its no wonder 95% lose money.
I 100% agree. 95% of true day traders go broke . 95% of es traders at this moment would be much better off trading the mes as there account size is probably $20k or less . The scaling technique on people with smaller accounts is wicked on the mes with this volatility . When the whipsaw was 30-50 pts in minutes i went to 3-5 mes at a time to get 10 times better avg prices
Since the open i've hit 2 shorts for 10-15 pts today. I've faded the moves above 80. I never got full scales on as we never ran enough. Even though the mkt's much slower today there's still trades to do.But because of the slow action and upwards bias i'm looking to scalp long more than shorts on pullins. Shorting a slow mkt much tougher