Stopped out, turned a winner into a loser. Need to take more profits when its that much in my favor these days.
+69 handles profit on the day 16 trades 4 losers 12 winners. Never known volatility like it I know I could just have easily lost 69 handles, but damn, it's fun when it works!
Mindless buying rewarded as usual, folks. Time to break out the "I survived the Feb'18 1-week long bear market" tshirts.
Unlike the "mindless selling"? Well at least the shorts finally made a little money after predicting 20 of the last 2 corrections.
The selling was finally exhausted. Certainly, we could drop again perhaps and create a new low but the bottom was definitely in at least for swing time frame.
Day was decent with just one trade and commission and a gain of 37 pts. I was early with my trade but set my stop accordingly. I still am long with my swing trade and it is about 20 pts to the good right now.
Yep, and textbook bottom on the daily charts: S&P 500, Russell 2000 and other indexes tested 200-day MAs and bounced up violently, hammers all over the place, high volume all week indicating capitulation, etc.