anyway, that's me done for the day. Don't really have much of a read personally. I thought we were gonna drop and still do, but there's a clear bid out there! who knows
Entry was 74.75. Keeping the stop at 80 for now. Let's see where this goes. If NQ joins in on the slide we could fill Friday's gap if this continues. 5420.
And scratched it shortly after. I have low expectations for this day by now. Looks possibly like a range bound session going into CPI. If we break above 5500 from here and rally I'll be impressed.
Looks range-y to me (large range, accounting for recent volatility). Major news announcement tomorrow (inflation). I should have traded oil today
Agreed, @Picaso. Seems like no major moves on the table today. I'm happy to call it a day soon. Save my bullets for a better day.
Thank-you for thinking of me. What I'm seeing, based on when you do post, is that its incredibly difficult to get a 50 point winner, never mind another 100 point winner. And this of course isn't a surprise because this is just how it is. And then by the time the winner comes, a trader is likely too scared to put on full size. So in a way, you're proving my point, which was the only point that I was trying to make, but for some reason, everyone here got the pitchforks out. If every trade is shown, there will likely be at least 10, 15, or even 20 entries for every 50 or 100 point winner. Now clearly losing 3-5 points is nothing in light of a 50 point winner. And some of those will even be small wins or BE exits. But what a trader does between those 50 or 100 points wins is what really determines success. Having 100 point wins is only 20% of the game. But once again, the trader that can hold for those huge wins, which you've shown you can do, is the one that will win in the end. (although small and consistent profits is also winning strategy)