Wow, that's the corniest song I've heard ever. Why doesn't Costco come up with something original like that? BTW I mostly get my shit from Costco, but whatever else I need I get it from Kroger.
I always keep an eye on NQ. Most of the stocks in NQ are also in ES. Several times over the last few weeks I've commented on how ES attempts to rally, but NQ is lagging behind effectively killing any attempts at rallying higher. Yesterday, ES had a strong initial move higher in RTH while NQ tanked from the start taking out the prior day low after 8 minutes. Comparatively, ES did no take out the prior day low until 37 minutes after the Open. This was a big clue we'd go lower on the day. Thursday it was the other way around with NQ never breaking below the prior day range, while ES was tanking. So, yes. Very valuable.
That would be fun. However, it seems to me that often by the time the market seems to confirm a direction or get everyone convinced we're going up or down - that's just about the time where it reverses direction. At least that was the pattern during the mild bear market in 2022. People got super bearish near swing lows and super bullish near swing highs on apparent weakness and strength. So, wouldn't surprise me the slightest if we see a bit of rallying next week. Either way there should be some good ranges to play.
Someone inquired about my linked accounts a while back and I was honestly surprised to not see more questions on that. I'm not sure how common it is to trade linked accounts? I did talk to a professional trader a long while back now and at the time being he claimed to be trading multiple linked accounts across different brokers to minimize risk (his words). Anyway, to let the cat out of the bag the accounts are with Topstep. I've been with a few of these firms in the past (E2T and OneUpTrader) withdrawing a small sum from both and realized it's mostly not worth it as you're not really given that much buying power even with their biggest account. However, when I learned that it's now possible to trade multiple accounts at once with one lead account it became more interesting to me. So, I decided to give it a go and it's been going well so far. In fact so well that I hit the top 10 list this week. In order to maintain some anonymity, I will refrain to say which one's me, but I'm sure those here who know my name recognize me. I plan on withdrawing half next week and then we'll see where the rest of it takes me. All in all this seems like a good solution for traders who lack capital or otherwise don't want to risk their own capital in the markets. In fact, if I can continue doing this, there may be no reason to trade my own personal account for the foreseeable future. It would be fun to see if I could hit the number one spot (currently at $400K), but I have no ambitions about that right now especially as I still have a full time job and this is just a stupid hobby I'm spending way too much time on. It's possible I've just been very lucky lately, so I'm just going to cash out a bit for now and secure at least half of it in case bad luck is just around the corner. LOL.
wink-ism #n When you think you know what the market is doing, it is often wrong. When you know what the market is doing, it is often too late.