Can you not dance between the periodicity's? It was absolutely the right play to be short into last night close just as it was absolutely the right play to get long on today's strength. Whether you pretend to be a Trader or Prognosticator, it's all about green on the screen. Dr. Zhivodka
Like I said, dancing between the periodicity's Regardless if you trade 1) day 2) swing 3) position or 4) all of the above, it's all the same market. Green on the screen.
If that wasn't someone capitulating at 3:00 (and someone else selling into it), I don't know the meaning of the word. It actually looked like my IB screen was shaking right at the top! (IB SFX?)
This assumes that trading intraday or swing trading does not affect your position trading. Personally I would not want to risk losing out on a good long-term trade for the sake of avoiding a minor retracement.
Okay, I'll ask you this hypothetical: Do find it possible in your trading to be short bunch of NQ intraday while at the same time holding an entire sector of say Homebuilders, Gold's or Banks as a position? If yes, then that's all I'm talking about. If no, then I find that baffling. But it's cool either way. To each his own.
im short the hiiisouzzze on the cubes @ 37.49 and took a stab yesterday at surf dudes TKTX call,,, was almost stopped out this morning on tktx...............................