Feels like it will consolidate a little today before moving back up some more. 2813 definately was the bottom for a while now.
BloombergMarkets Former Fed Chair Alan Greenspan Sees Bubbles in Stocks and Bonds By Jeanna Smialek January 31, 2018, 3:23 PM EST The bond bubble will be the critical one, Greenspan says Notes that the U.S. is working toward higher interest rates The man who made the term “irrational exuberance” famous says investors are at it again. “There are two bubbles: We have a stock market bubble, and we have a bond market bubble,” Alan Greenspan, 91, said Wednesday on Bloomberg Television with Tom Keene and Scarlet Fu. Greenspan, who led the Federal Reserve from 1987 until 2006, memorably used the phrase to describe asset values during the 1990’s dot-com bubble. Greenspan’s comments come as stock indexes remain near record highs, despite selling off in recent days, and as the yields on government notes and bonds hover not far from historic lows. Interest rates are expected to move up in coming years as the Fed continues with a campaign to gradually tighten monetary policy.
I wonder how many traders here made money during Jan. Bear in mind it was a cracking month for the stock indexes. I bet there were quite a few who lost money.
I'll freely admit I've gotten f'''d this month. Started up 100% in the first week, then lost 75%. Back to base, then lost 50% again, back to base and now im back down 50%. Quite ashamed of my trading this month, my risk control just flew out the window when I saw what the market was capable of doing when it rallied like that. Back to the grind now, only risking .1% of equity per position now. Will try to pyramid into the rally to make some of my losses back.
wow....u using some serious leverage! what u trying to do, make 10-20x in a year? It's possible, but drawdowns really hurt.
Im not sure what I was trying. Should have stopped when I was up 100% and taken a break but once it feels that good you cant really stop.