No idea man, hence FWIW. I mostly track US indexes for correlation/lag, today all indexes looked positive and NQ lagged behind, it was a highly probable trade to enter into. Also, my actual entry today was 20+ points lower of what I posted, just didn't want to disturb the journal posting delayed entries.
very nice bounce so far. Just waiting for to get my remaining entries from the top to go green lol but had +12, +13, +15, +30, +14 winners since then so not in any pain and can just carry on doing that on dips until i'm happy with my overall profit OR until all positions are green
it’s the same story every time. Fear on the dip then fomo buying to new highs. No reason for it to stop now
Possible but I think those that make the market will want compensation for the inflation at the same time. Cost has gone up on almost everything but fed keeps thinking it is transitory. Who is rt time will tell. Mkt will probably go higher until 10 yr treasury yield begins to move past 1.75
I had an interesting zoom meeting with a friend who also happens to do some trading, the debate was about same old thing, stops and targets. He is a proponent of 1:1 as it secures a higher win rate, whereas I argue against it for various reasons. 4 glasses of vino down the road, we still kept to our opinions. To each his own. Life's hard enough without having to argue who is right or more right, best to just drink vino and just talk shit