S2007s ain’t printing shit. I have seen so many them dumb shorts in recent years. ForexIG is filled with shorts. Also some other trading sites i visit also full of shorts. these people been losing their shorts. Or shirts. For so long. Only to get a breather for a couple weeks here and there. just look at a long term chart. It will be a surprise if them not living in mom’s basements
Volatility isn’t always a great thing for a longer term trade unless you size right. Flats also a position. My strategies are all swing trading/mean reversion over multiple days. I’m hanging out in cash. Work for a living, can’t watch account all day. Other thing is panic is a different game then market slow down. People start pulling out cash and correlations to to 1. Crypto’s down, gold down, those that were down go up as shorts cover, longs sell those that are up.
You basically replaced his keywords with your own keywords to try and make a point. understand = instincts believe = think
Yes, I made a point of really going for it this week. A market this turbulent is rare, and the experience gained trading it is priceless, win or lose.
Nothing wrong with loading up as I did from my other posts...but my timeline is much longer and I am going to wait out the volatile shakes.
I think that's a fair argument and technically what you're saying is right. I should of been more clear and probably typed less. My main point is to trade what you KNOW not THINK. Those are the key words I would like to pare against each other. To me believe is stronger than the word think, but I understand they can be used interchangeably and it doesn't matter what I "think", you have valid points. Hopefully I have cleared up the confusion and expressed my main point.
%% Looks like your stops are too tight on DAL, KMS, but I would not want to be short today with the huge drop past month. I've lost money on my tech ETFs+ [+SSO, cut a loss] this week but feel pretty good about it, based on past profit+ past history + the unusual big drop. MSFT has been/was holding above 200dma + its a major holding in most tech ETfs/QQQ.[I never pay much attention to gov stimulus, or most of the news media] I tightened up stops on SDOW profit; but been in much of the week. No offence intended, but when it hits your stop, it does not matter what it does then;AAR + DAL have gone bankrupt + MSFT could also -even though not likely. Shorts+ SDOW.... have done unusually well this week; but time is never a friend to bear trends even in a bear market.............................................................With 55 minutes til close DAL has not even taken out yesterdays highs or has MSFT taken out yesterdays low.