Actually, i would think investors are the ones that get devastated by bubbles. Day traders are nimble and can go where ever the market takes them.
You say you’re a futures trader that posts on the ES forum regularly.. deductive reasoning says that’s your instrument of choice... Why would trading ES be “just crazy”? Ive been doing so successfully over 23 yrs now... If you can trade Spooz successfully.. then you can trade just about any instrument successfully...
Investors outperform most day traders. First of all, one has to be able to identify what a bubble is. Some short term traders tend to see bubbles in everything. Second of all, good investors look at fundamentals and trade accordingly. This makes their choices less at risk in market fluctuations. If one is patient, avoids being greedy, and exercises discipline in ones investments, you can't lose long term. Doing so however does require resolve and level thinking when the trading world and media around you are telling you a load of bs. As I said in January, we aren't in a bubble. You could argue that certain aspects of US markets are overvalued. You can also still find value in NA markets especially on the Canadian market. This was more true a month ago and certainly in March/early April but certain stocks may revisit value spots.
Buddy your barking up the wrong tree . I just simply stated your giving a reason why the mkt rose and thats hog shit . It's a big bubble . But i don't care . The only thing i try to do is make money daily long or short . But don't give a hog shit reason the mkt went up when its piss shit flowing out of your mouth.
The bubble is not in equities. The bubble is in debt and interest rates! The debt markets are 10x plus, the size of the equity markets.
Sorry S, but you know I have to do it... Any salvation will be had with Asia and Europe tonight now. I mean, sure, the NQ popped and it lasted 1.1 seconds. We shall see.
I should accept the horn'd tonight, however I could possibly redeem myself by the afternoon close tomorrow. We shall see.
Wrong... Successful Day traders trade what they see... NOT what they think! Day trippers have the luxury of mitigating risk...
23 years? Has the ES been around that long? I can envision the DOM when it first started... the 10 quotes on the bid and ask were often <10 contracts total. Not uncommon to see "holes" with zero contracts bid/offered. (I was trading on a 56k modem in those days. EEEEE, AAAAAW... remember that? )) I can also recall when there were 2000-4000 contracts at each price. Seems we've come "full circle"? Have the big players abandoned the ES?