ES Journal - 2019/2020

Discussion in 'Journals' started by Buy1Sell2, Dec 19, 2018.

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  1. schizo

    schizo

    Oh, I'm sure they'll stitch together some rescue package for the oil industry. Or maybe they'll just quietly add it on top of some existing bailouts. Who knows? It probably won't even be a headline news. Just keep your eyes open WWWWWIIIIIIDDDDEEEEEE :finger:

    BTW CL dropped nearly $3 since you posted. It's a seller's market. Go short instead.
     
    #21131     Apr 22, 2020
  2. upload_2020-4-21_23-26-5.png
     
    #21132     Apr 22, 2020
    keesa, Spooz Top 2 and schizo like this.
  3. schizo

    schizo

    This market is getting freaking crazy by the day. That's all I'm gonna say. :confused:
     
    #21133     Apr 22, 2020
  4. schizo

    schizo

    More than that. You sure didn't bitch when the market was making nonstop ATH for the last 11 years. What makes you any smarter now? :sneaky: :banghead:
     
    #21134     Apr 22, 2020
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  5. themickey

    themickey

    Both, just looking at the surface it seems bearish but to me it has all the appearances of just a pullback on an uptrend.
    The retail crowd are skitterish and running for the exits all the while the pullback is nothing serious.
    Oil plunge knocked out many players I would anticipate but just like the Fed, Saudi, Ruskie and USA have in their interest to prop up oil prices.
    At this point in time in the markets, oil stocks nor general USA equities have not gone over the edge of a waterfall.
     
    #21135     Apr 22, 2020
    NQurious likes this.
  6. Noone123

    Noone123

    Ya. Caught the turn, but trailing in, so it's not too bad. Cost basis is lower than original entry. Still need an up move though.
     
    #21136     Apr 22, 2020
  7. NQurious

    NQurious

    I'm of the same mind. Looks like we might get a lower low tomorrow, but overall given that it's the end of the world as we know it and all that the market seems ready to keep right on rolling higher. The pullback thus far hasn't begun to dent the uptrend.

    Interesting times these are.
     
    #21137     Apr 22, 2020
    themickey likes this.
  8. themickey

    themickey

    Yes, the volatility is probably the most difficult aspect, for many they can't cope with the large swings and it's predominantly causing the panic.
     
    #21138     Apr 22, 2020
  9. themickey

    themickey

    My problem, if I get knocked out by volatility, it becomes very difficult to get back in, as when price were to gap up and I'm out, then that's several percent missed out on and usually a reluctance to chase.
     
    #21139     Apr 22, 2020
  10. themickey

    themickey

    So I tend to spend a lot of time reading sentiment so I can gauge when to stay or trade.
     
    #21140     Apr 22, 2020
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