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Discussion in 'Trading' started by farmerjohn1324, Dec 28, 2019.

  1. padutrader

    padutrader

    well you have to actually see it and if you are trading intraday, you have to be at the computer at the exact moment that it happens.

    if that is a problem get rid of it: do not trade intraday, trade daily.

    if it is still a problem, trade weekly so you can check the charts over the week end.
     
    #91     Dec 31, 2019
  2. padutrader

    padutrader

    you cannot do something if you are not willing to even look at something
     
    #92     Dec 31, 2019
  3. Seems like weekly is all I can do if the markets don't close every night.
     
    #93     Dec 31, 2019
  4. padutrader

    padutrader

    do you give away valuables for free?
    do not reply it is a rhetorical question
     
    #94     Dec 31, 2019
  5. padutrader

    padutrader

    that is the beauty of markets
    you can customize it to suit your every whim
     
    #95     Dec 31, 2019
  6. I've also realized that I'm going to have to get a significant amount of money every week to make this worth my time.

    If I only bet $500, then even if I'm right every time, that's only $26,000/year.
     
    #96     Dec 31, 2019
  7. padutrader

    padutrader

    well you have to bet more.

    and remember also that you are only spending time on week ends, so any money you get is a good deal
    why do you think it is so difficult to be right every time?

    I am most of the time because I am just following the market, not betting that something will happen, so how can I be wrong?
    if market turns on a dime, without warning , which it never does, then I may lose some money, which is decided before hand by a stop
     
    Last edited: Dec 31, 2019
    #97     Dec 31, 2019
  8. padutrader

    padutrader

    I just made 10 times my maid's monthly salary in 60 min.
    and I actually had to work for a min....sell at market.... close at market a little time later.
    you have to be in office the whole day
     
    #98     Dec 31, 2019
  9. That's what I like about going bull on index funds. That's with the market most of the time.

    How long of a downtrend do you need to see before you consider it down? Here's a chart of S&P for 2019. How many downtrends do you see that would have been possible to identify at the time they were happening?
     
    #99     Dec 31, 2019
  10. padutrader

    padutrader

    that aint coming down anytime soon
    i cannot give a one line answer
    but one thing, you can see in the chart is lack of pull backs.......

    which means no one is selling it is going up that is known to everyone which is why no one is selling

    the dilemma is how do you mange this?

    if you buy and it corrects 10%?

    wait for correction but what if it does not correct for another 100%?

    if this was an intraday chart i would buy …..put a stop below a recent low, even a 5b min low or a hourly low...up to you

    as long as there is no pull backs or lengthy ranges......this is going up.

    what you do with that knowledge is your dilemma
     
    #100     Dec 31, 2019