Hahahahahah Like I said.... "16 pounds of line drawing on a chart.... does not equal one ounce of market intuition when it really matters." ~vz >>>Lines make $'s... intuition builds fortunes.<<< And that is deeper than most will ever know.
You're just dying for a pat on the back, aren't you? So much so that you're patting yourself on the back...
Lol nah, you're missing the point bigly. I wasn’t talking about whether the market is “long only” or not. That’s not what I said at all. What I was saying is pretty simple: markets don’t just keep going up (or reverse) just because they had a big move the day before. That’s rookie logic. Price moves, especially big flushes and rips like the one we saw on Monday, tend to happen at key levels: support, resistance, trendline, whatever. So going back to Monday’s bounce, it didn’t materialize out of thin air. It happened because price smacked right into a major support zone. That’s how markets work. Not because “lulz, it went up yesterday so it has to go up again today.” Big difference.
Day trading the market has nothing to do with basic textbook support resistance zones. Besides, those are rather overrated anyways. They're rather imaginary only evident in far hindsight. The day trading market is a much more dynamic, fluid, moody beast with a soul to understand vs sleepy safe long term investing. It's a rather complex procedural art to observe, plan, anticipate and when to strike the market day. There's a reason a very high number of people fail at day trading. They fail to grasp key concepts and wisdoms
Oh, will ya STFU for once, @MacBookProHo? I've had just about enough of your psycho-babble from yesterday. Look man, you can romanticize day trading all you want. But at the end of the day, price still respects structure. Always has, always will. Support and resistance aren’t some hindsight bullshit you make it out to be. They’re where actual orders sit: liquidity, trapped traders, institutional games. My advice: ignore that at your own peril, buddy. BTW you wanna trade vibes and mood swings? Be my guest. Just don’t come crying when that “moody bitch” rips your face off right at a textbook level you thought was imaginary. Some of us prefer to trade what is, not what sounds poetic on a trading diary blog nobody reads.
I trade and understand to dissect the market intraday at key major points. To plan, wait for and seize the singular large macro movement. While you seem to have a more generalized approach. Loosely guessing where the opening bell dot will land on at closing...akin to just playing roulette or blackjack. And getting casino gambling yield results. You can trade mechanically with no consideration of all the variables and elements... and get so and so results only out of sheer circumstance. Or you could really understand the market day intricately, delicately. Either way, I could care less. I'm not here to debate and argue and make this a dick measuring contest with anyone. You trade you✨ I'm just here to shoot the shit and pass time with dumb clowns