"Overnight massacre" Overrated thread title and topic and just an average day in the market,...kind of like sex -- somewhat of a letdown. or not as magical as you would have thought, or planned on. But then again, the best things are sometimes unplanned things. If you're expecting everything, then there would be no magic. Serendipity, as it's called. It pays to be calm, and open-minded, and patient and unassuming as a trader. -- Because the market afterall is part art, part science...specially the shorter, or day, time frame you're looking at. Options are kind of expensive, you're paying a high premium for any direction... but there is still money to be made, if you're an Ace of a Fighter Pilot trader.
" To make daily trading profit with 3 times of ATR is attainable! " (paraphrase) --- A famous ET trader!
This comment was actually (mis)heard in an open-all-hours Greek restaurant. It was probably only really someone ordering an "overnight Moussaka".
Not sure I would call a 1000+ point decline an ordinary day in the market. Oh and sex can be magical, it depends on who you do it with and how good you are Feels like the decline is overplayed at this point. Price is snaking it's way up towards the 50 fib retrace. Worst probable case scenario here I see is retesting the 23.6 at 2615-ish.
Not the worst case scenario, the worst probable case scenario worst case scenario NK launch a nuke and the US is obliterated along with the index. Currently short with a target of 2665. After that I will start to add some longs depending on how to the market looks. If we have a good day Im expecting 2700 atleast. Out of the shorts for a 80 point win, starting slowly to add some small longs.
No reason to even post entries here, as I know I'm among the greats. I might cover +20 just because I need my beauty sleep. Not sure how the master gets +80 , but hey, he might be trading in French Francs
PS no need to ever ask me what my position is, it will be 1 or 1.5 points from the last extreme, and always in the right direction. WE AM ELITE