I did not fully take advantage of the opportunities offered today but I stuck to my guns, traded small, and didn't change my plan. With the multiple XFA's I'm actually sizing up without the psychological pressure that I have experienced when trying to size up in the past. A +$1200 day becomes a +$6000 day through the magic of trading small and copy trading to four additional accounts. Manual lock out and I am done for the day.
I admit I'm a little stunned, by the total dominance at the polls and the market's overnight reaction. I still don't trust this chop for putting on any new swing trades, but a couple dayz ago was the golden moment, for such a gamble. Waiting and watching to see what happens next..
https://www.cnbc.com/2024/11/06/leo...-6400-says-market-will-be-down-next-year.html Billionaire investor Leon Cooperman said he’s short the S & P 500 above 6,400, though he expects the index will fall short of those levels and be down in 2025. “I am short the S & P above 6400, and I don’t think we get there, and I think the market is down next year,” Cooperman said Wednesday on CNBC’s ” Squawk Box .” “If I had a guess, but it’s just a guess.” The chairman and CEO of the Omega Family Office made his cautious comments even with stocks surging on Wednesday after Donald Trump won the 2024 U.S. presidential election . The Dow Jones Industrial Average hit an all-time high shortly after trading opened, and the S & P 500 briefly topped the 5,900 threshold. The S & P 500 closed Tuesday’s session at 5,782.76. However, the investor expects the market is “fully priced” given ongoing risks, such as the conflict in the Middle East, as well as the rising fiscal deficit. “I expect under Trump we’ll have more growth, higher interest rates, and clearly the market has more confidence. That’s what’s being reflected this morning,” Cooperman said, adding. “I would think that the market is reflecting a degree of optimism that may be uncalled for.” In particular, he expects rising Treasury yields will weigh on equity prices. “I’m not short anything, but my inclination would be to sell stocks on strength,” Cooperman said.
if it makes you feel better, I don't find this easy at ALL!! (hence why i'm essentially a hobbyist when it comes to trading. The dream of making a living at this died many years ago! And I really couldn't buy a winning trade most of last week and early this week!! I could have fell into a barrell full of t1ts and came out sucking my own thumb! It's hard as hell. For me at least. But some days it all just seems to work. Like today!! - I could kind of smell the bullishness and buying them dips seemed obvious. Any remaining bears were decapitated. You were looking for it yourself! I was just a bit more impatient/wreckless and jumped in early which paid off today!
Being greedy on ES at this point, but took another Long Done for the day now I think 6020 ish is kind of guaranteed, tbh. Will be looking to buy dips assuming they give any!
Yeah, so the way this is going it is even more unstoppable than imagined. The only hesitation this morning was that it initially ran into resistance. Now that the QQQ broke out to new highs it's going much higher. Easily up to 515. Will gap up again tomorrow and we have fed day. This is going to shock some how high this risk free market gets.
Even though the political premise behind the hypothesis is now mute, I still like my theory that this market will be safe for dip buying at least until the rally extends as far above the 2022 high as it pulled back below that high into the 2022 low. I've posted this chart several times here. Hypothetical target is 6114.50 ES