With so many trading educations available nowaday，Everyone is so smart now no one tries to pick a top, everyone just BTFD and send market to the moon. I guess this does't stop until government interfere.
I tried shorted the top range yesterday took 8points loss, But I as soon as I shorted I didn't feel right, litterally everyone is buying.
This. As long as they are printing money at a 23%+ annual clip, market drawdowns will be very brief (although still possibly violent, possibly more violent, but brief). All that money has to go somewhere, and its going everywhere, including the market.
The continous rally only because the fed and their printing games. Some people here believe there is no such thing as a fed supported rally and that is definitely hilarious!!!!!
And used car markets and don't forget those awesome.NFTs. oh yea and sports memorabilia, let's not forget that every asset class is seeing the most ridiculous returns the world has ever witnessed, no need to worry. Move along, move along. The fed has it all under control, no need to worry about anything, as long as asset prices are propped up everyone will feel rich forever and ever and ever and ever.
ha, this is actually kind of true I've been a dip buyer for about a year now. Doing rather well, albeit at small stakes (post all my trades LIVE in the ESjournal) But i've realised, like you, that almost everyone else is playing the same game haha. Even when we get the 'once per month' very red day, there's zero fear. We just wait for the V rally/snap back move A few year back, when we had these monster upmoves that just go and go, it seems everyone was always trying to fade the move and short the tops (and would get burnt) and now it's like nobody tries that anymore. They're too smart now and know better than to fight the fed We're evolving!