So many people this morning gave me shit, and we did green candle as expected. Couldn't quite turn the corner, but made a decent attempt to recover. You bet I bought what I could the moment the thing opened. Who wouldn't? We are well on our way to making that weekly green candle I was talking about. There is nothing to worry about unless you are holding puts, which are about the get beat down. I can't wait till we fill the gap. Too many alarmist in here. I will repeat what I said, there is nothing unique or special about this move. There is almost a 100% chance the gap left from this morning will fill and very soon as I said. It's always a rough ride on days like today, but remember all that is happening is some algos are going wild. If you trade the price action, then don't waste your time with CNBC or any of that BS. This market is into gapping, so it would not shock me if we saw a pretty big gap up tomorrow. We shall see. This market needs to at least temporary rally to screw all the greedy bears/ put holder who forgot what usually happens to puts in this market. Also the VIX needs to go back to a more normal range, and the market needs to stabilize. Then we an see where the next move lies after that.
I give you shit because you take credit for all market scenarios. You’re long when the market is rallying and ignore all drops. You’re a permaloser bull who only admits to upside participation. The worst kind of forum contributor. How did your longs from Friday work out? Right. You bought? Prove it.
228 points from Friday's close to today's low in cash (SPX) and we closed 67 off that low print. You're hanging your hat on the green bar at the close. With cash closing in the bottom third of the day's range. Market is going to rally 50-60 spooz tomorrow but if it dropped 100 you would work in some silver lining BS to align with your inability to be wrong.
i don’t recall why we had a bear market in 22 but this time is long overdue. no one runs the government until next year, the market will be directionless. what’s the circuit breaker rule ? 10%? ps, ndx would probably retrace 30% before we can feel solid.
You can read my posts from this morning. I am a swing trader. I don't live and die by every tick of the market. I'm not a scalper. I focus on targets. I also have other stuff going on in my life and I don't soley rely on trading to survive like some here. I already said I was wrong on Friday. Everyone told me I was so naive about this "scary" drop this morning. I said BTFD. If you didn't buy any long trade, calls, shares whatever, then that is on you. They will 100% destroy everyones puts first, even if this eventually continues lower. That is to be determined. First we get a pump, then we see what will happen next.
Out Manual long for 3x at BE Lets see make 1 tick with a drawdown of 230 ticks. See what a master of trading? Follow my YouTube channel since I never have a losing trade and martingale to the rescue! Back to coding. it was a good day to see the action but clearly the algo is what I want to do...
You said BTD on Friday. You are literally a perfect fade. A swing trader who bought the market 10% higher. Where is your run? Nobody is asking for your commentary. https://www.elitetrader.com/et/threads/es-journal-2023-2024.371508/page-1029#post-6001024