as recently as nov, the spx would have gone up and retraced the ah high plus three,not now, low.low volume ,and it's earnings season....tch...tch..tch
Humble pie, the best food for traders. Winning traders think in the present and avoid thinking to much about the future. Beginners want to predict the futures in their trading. When they win, they think it means they were right and they feel like heroes.
We need a really big bomb today so pres hussein can bash big banks, big pharma, big insurance, big everything (except pet GE) and get da sympathy needed to keep the reich in tact. I heard that somewhere, oh yeah, early 30's in a land far away.
Quite right. Retail Trading is a solitary pursuit, where the Trader is constantly confronting his/her own short comings and trying his/her hardest to overcome them and thus move on to the next hurdle of self improvement. It is a game of probabilities played out to a financially successful conclusion every day/week/month. One probability is that maybe one or two people in every hundred will be constantly successful in day trading the ES. This applies equally to those who post trades on this thread and to those who don't, as well as those who have never heard of ET.