Every rip is sold and every break is bought. Choppy day for sure. With NQ strong - I'm just not so sure we'll see any downside momentum today. Trying a long from 2790. Stop at 2786.
If only there was a way to recognize that in advance and avoid getting chopped up. Any words of wisdom?
Imho a good visual representation of what we'll see going forward for some time: an epic battle between a tsunami of monetary stimulus and the ugly reality of the economic backdrop...
After a few trades of getting chopped shut it down . I traded last night a few shorts and caught one short off the open and 1 long off the big pullin and got chopped for 2-3 pts twice and shut it down . Not trading . I'll watch from a far and will only trade again if we get a huge run or big fall quick and try a counter trend trade .