for me it's a constant balancing act of trying to recognise the strength correlations, trying to work out the liklihood of it carrying on, and whether to take 'signals' that I look for even if it's contrary to what appears to be going on (e.g 'do I take this long on the ym? I would usually, but it's the weak one recently') Some days I get it right!
If Trump's buy algorithms and goons don't bid this here it could be a good short, but I'm not touching it as the market's in insane mode currently and I fear any dumps may be short lived.
I've mentioned a few times that I do have a job, and I don't need the money from trading to pay the pbills. I want this. Not a need.
Same here, imho, we've probably seen the HOD, but... you just don't mess with the V, and we're so close to ATH that they may act like a magnet. That said, oil down, chips down... I'll be looking to buy if we dip to the LOD, if it gets bouncy. Other than that, Friday's pm I lock myself out of new swing positions, so I may call it a day early and pay some (more) attention to my saint-like wife
No need to apologize to me, @Picaso If friends can't ask friends questions then they aren't really friends
Yes. Would normally think the HOD is in, too, but the market's in insane mode, so you never know. So far, the short is playing out like anticipated. Just a slow drip lower where each new low is instantly bid. Unless you're a sniper who shorted near the very HOD, it's a tough short. I'm flat and waiting for a mean reversion long with the small chance it turns into something more.