Eganon yeah, I was just answering a query from van, it had nothing to do with trading. Carry on then.
Stocks are heading higher. The nation? Idk, I think the economy will continue to improve. I had a record year in my business and expect 2017 to be better than 2016. Politically it will likely be one entertaining year.
Its sad... I have no answer for this... but I know where to point the blame. Its a litigious society we live in. Will it change in our lifetime? No F'ing way. No answers bro. Hope to make it big trading with that which you know you have... and go from there... wherever that takes you.
If needed, we can take it to a private thread. For now, I have vented, feel a teeny bit better. Thanks though.
Some will definitely disagree with what I have to say, but I view today's markets as a completely different animal than 15-20 years ago...too many quant's going long/short all types of symbols based on xyz analysis...one sector that they are short might be getting blown out, so all of sudden they are dumping longs in another sector (tech vs. financial as an example). You really cannot rationalize why company XYZ all of sudden post Nov 8th suddenly surged 20-30-40% (even if it was a dog for 2 years)...You kinda have to figure that a whole bunch of funds long this, short that are re-balancing and it only gets magnified with year end coming around. Look at the Russell 2000 chart. Do you see the kind of buying that leads to long sustained rallies? or do you see the kind where many of the component stocks are being called in, shorts covering their ass...And honestly it doesn't really matter on a day to day trading basis because it just goes higher and higher with maybe 1-2 days of retracement here and there and then it hits the wall and exhausts itself...But I think that the structure of a move can tell you a bit more about whether a retracement has higher probability (definitely open for debate).