+1 I totally understand where most on this thread are coming from, and that's why I threw this in: "Do with it what you will, but I'd be careful going long without actively monitoring the position." Which is what you guys do, so yeah, completely agree. The concern would be holding a large position in a stocks or ES overnight and going to bed. Stocks you really can't do anything about till morning, but futures you can at least minimize a gap down as it happens.
It's just interesting though, where is your advantage coming from though? Find it difficult to trade news even longer term. I mean like do you have a large account and just smaller size relative to that and use account size / time as your edge being as other players will likely exit /oversize and make bad decisions? Or you long term invest? Sorry if dumb question. Basically asking you what your edge is (you don't have to fully disclose it), just the general idea.
65 Point NQ chart in setup decently for short squeeze potential here. Relative high is 14025.75 looking for us to take it out and hopefully continue. As long as above 13980 ish. Looking long here. Below that will likely exit my remaining long.
sorry, going to stop posting things like that. Market just moves and changes way too fast for text and to update here. I did capture 9 points on the move though. Need to focus on trading like everyone else instead of posting so I don't miss crap. Old habits die hard.
Both. The granny account holds solid stocks that don't concern me (too much) as the tide rises and falls. Long term stuff, the way it's truly done. The edge on it? Homework. Listening to conference calls, understanding the business, and keeping my finger in the wind as to what the macro trends are. Don't get me wrong though, I will lighten it up and go to cash if I don't like a certain stock anymore if the story has changed, or the economy as it applies to whatever sector that stock is in. As for trading, that's a completely separate pot and anything goes there. It all depends on what the day brings. The edge there... the chart. I just prefer stocks over futures. That's my lane.
ES Weekly resistance was adjusted based on the action. Not a huge change but new level is 4402.00 so that would be the new bare bones target. Not my best day trading... but profitable and currently on the right side of this long.
Market still has some wiggle room long to 4500 or mid 4500's perhaps prior to fresh downward swing in my view.----Doesn't mean it will go that high, but that's the leeway that I see. It could very well top right here at 4400. ---Watching closely
hope so, joined the shorts because the smart/knowledgeable guys here ;-) typical algo pa this afternoon where they have to touch a prior high