That wasn't a shot at you lol. I was just laughing at the whole B1 thread in general. My bad. The "come on maaan"... is the latest political catch phrase. Biden's thing.
I agree 100 % with that view. There needs to be a distinction between someone trading based on market knowledge and someone who doesn't. That's pretty much the difference between a newbie/amateur and a seasoned professional. Further more - even with market knowledge and a sound methodology, a trader can still be prone to gambling, i.e., trading outside his method or ignoring his signals.
Ah. Gotcha. I now recall the Biden phrase. LOL. I was just curious if it was something in particular. I don't mind the watercooler talk or even off-topic talk, but it would be nice if this thread could keep it civil when people are in disagreement.
I think I'll take a jab at a light long here for a test of that 3500 level and see if we can get any traction above. Busy with other stuff this week, so just following the market casually.
This is soooo true, especially with stocks that you know, and you know how they'll close the day if the spotlight has fallen on them for whatever reason. The noise in between is what gets many players. Tbh that's why I always babysit most of my open positions all day. And even close them early when I have to leave. I hate stops, but they are a necessity in a way. There's always a chance you could be wrong. Its a fine line thats for sure. Plus if you don't set them... then it comes down to personal discipline, ie punching the button manually which for me at least is hard to do sometimes. Human nature to not want to admit you were wrong, and let it go beyond that mnemonic stop.
Just a kindly reminder that House Rep. Speaker Pelosi and US Treasury Sec. Mnuchin will speak at 3 PM ET.
It seems like NQ is in hurry on its way down to fill open gap at 6pm last night. Futures market rarely leaves such open gaps unfilled!!!
80,75 should be the LOD here if we are to trade above 3500 today. If not - probably going to do the full gap fill @73,50 and most likely a touch/drop below 72.