So... is this rally legit... or a bull trap?

Bulltrap or Beartrap.

I loaded up on option calls. I rather lose when the market is moving, than lose when the market is doing nothing.

 

bears are fuked.

 

And if anyone really could distinguish bull traps from true rallies of a long-term bottom (or vice versa at new all-time highs), they'd use some leverage and make a fortune swing trading and investing...there would be no need to day trade.

 

I'm not predicting anything but will say the gap from today needs to get filled to make the bullish case. OTOH, there's also a gap above 4200 that should make bears a bit nervous. I'm not always a believer in gaps, but they've been getting filled pretty regularly (both directions) since this correction started--often to my surprise.

 

Who cares about everything...the only thing that matters is what's your overall profit/loss statement, stats, currently, right now, today.
We are day traders......we take life.....One Day, at a....Time.,

Make those million dollar moves, playas,....so you can buy a house, electric SUV, and ribeye steaks and salmon at Costco in Ohio,

 

Looks legit currently.
Higher high. Let’s see.

 

%%
OK;
cant really go by feelings.
Plan\ get / scale in some dividend paying ETFs.
No such thing as a bull trap\TX longhorns or shorthorns dont really get trapped.
PaNIC SELL iNvER$E EtfS?? Never
IS OCT a bear killer??
See by this FRI\
2nd Friday/
3rd Fri\
last OCT Thur + NOVfirst FRI............................
Sign says yard sale\
MUST BE half the toWn\
ain't it funny how a broken home\ can bring the prices down??-Samuel KershaW=4,777,888 video Views

 

here goes uvxy, weee... nailing it as mkt drops

 

My heart of hearts tells me this is another feel good/ bear market rally destined for failure. My BIG issue is that everyone on tv is saying the same thing.

 

I’d rather not know and make money,
Than to know and not making any money.

No one knows.

Likely it’s not the bottom.
But there exists a probability that it is.

What if it’s the bottom ?
What if it’s not the bottom ?

You bet little just in case,
You’re ready to flip if it turns south.
Otherwise you build exposure on the way up.

I don’t understand …
People are afraid to buy strength,
When they spent the past days buying weakness.

If you want certainty, move on.
It’s all about managing risk and uncertainty.

If we knew then the market would cease to exist.

You don’t have to predict to make money.
You don’t have to know if it’s legit or not.

Guys made a killing trading Enron.
Guys made a killing trading frauds.

Wasn’t legit. But profitable.
For some …