Prefer longer term. Can predict major high/low in markets. At least i understand the principle. Getting better and better. What are they looking for? I like options. S&P Thanks
I think this is a major top for S&P500. You can quantify markets longterm too. Netflix will go bankrupt. Sure trading is different. There is always risk. Used to be able to trade very short term. Simple then. But to much anxiety now. Very difficult to trade when you cant control emotions. Otherwise i looooove trading. Someone said trading should be boring. Agree. But not 100%. You compete against the smartest so you have to work 24/7 to stay at the top.
If true, you are already doing better than most people Get some risk management figured out so you don't blow your account from 1 or 2 bad calls and then see if you are as good as you think or if it was mostly hindsight bias
Yeah but i have to wait so long to make much money. Used to much leverage and lost about 7000. Thought the top was a little earlier.
Yeah, back on the 22 June you posted https://www.elitetrader.com/et/threads/forecasting-markets.382477/page-3
Yep. Made big money on the short and then lost it when it jumped back up. To much leverage. Its so much easier with a stop when daytrading. Then you have the feeling. Like you dance with the market.
So what's the question here? If you think you can predict things, then wait on the sidelines and make a load of money when the time is right If you are jumping in at random and losing money, then maybe your predictions aren't as reliable as you'd like to think.
Yep you are right. I am anxious. I know the economy will crash. Want to get money fast so i can move somewhere safe.