I honestly have no idea-- I'm currently flat. I think the 10% on China is the bigger deal. Trading tariff headlines in Q4 2018 was fun. Hoping for a repeat of that.
No one is blowing their account by these 4 or 5% drops lol. Especially, when you wait like 3 weeks max and you get the free V unless you are levered up, but why would you. Yes it can have an occasional down week, but it's impossible for it to last and a V is forced to happen. You can both invest and trade. I don't see why it's so stressful here when this is the most unstoppable bull market in history. Trolling? You are right about one thing though, I am more interested in discussing the daily, weekly and moves of the market. Maybe this isn't the right thread for me to partake in.
For me it was mostly a wasted day, marginally in the red (breakeven-ish). While the negative aspect of my trading in the last year is that I'm still underleveraged, etc., the good thing is I haven't had a single BAD day (I don't mean a losing day, I have enough of those, I mean a bad day that gets out of control) in more than a year. I had a handful of stupid trades, but that was it. That said, yesterday I stopped trading after lunch (not feeling it, market seemed range-bound and I had other things to do)... So I wake up this morning, and lo and behold: 6100 and on the way to new ATH (my target for a swing trade yesterday on several - fake - breakouts). This goes to show how easy trading seems in hindsight. I know it's not the case because I was trading yesterday and got chopped to death (ok, chopped to bruises ), but if I hadn't traded for whatever reason, today I would totally look at that chart and convince myself that I would have surely gotten long somewhere at 6040-6050, the latest at 6060... so today I would have woken up to XXX in profits Congrats to @theapprentice on his Netflix and chill trade
[I'm assuming you and others are still arguing with V-man] He is trolling you for sure. He is (probably) average smart and he (for sure) knows exactly what he is saying. Join @flash crash, me and others in the land of bliss through the portal of the ignore button.
The average high print on 'a day like today' is 1.4 %. Currently, we're at 0.68 % on the high print. 1 % up is 6147.25. As long as 16/20 holds (and ideally we don't see a deep PB) and the structure isn't changed by a big sell, I think this will get that 6150 print. I'm offering 43 to exit on any long positions I may have on just to be safe.