And then you reveal your account statement showing how much money you lost going long if you're wrong?
I don't remember where I posted this, but when stock market closed on a Friday sometime ago and Trump afterward announced increased tariffs on China, I mentioned the SP could gap down 100 points on Sunday's open. Well it gaped down 21 points and someone blasted me because it wasn't a 100 point gap. That's what happens here and I'm done with it.
When you post analysis online it gets scrutinized. The less accurate your calls are the more scrutiny you are going to get. That's just the name of the game.
Well, there is also the way you handle "an inaccurate call". I've been calling for new ATH if a trade deal is reached, and they have reached them without a new deal. I've been calling for 10% corrections for a while, since they now seem the norm every few months. If the market drops only 3%, I say AHA, here we go, just another 7% to go. If it doesn't happen and I get called out on it, I just say, "Well, it dropped some, didn't it?" You have to try to let negative comments roll off your back on bad calls. After all, we're all just trying to do our doing our best. For example, I am now long in MNQ for 4 contracts. I now expect a 10% correction to ensue, rapidly, simply because I am long. Is it a ridiculous reason? Yes. I do it because it salves me, and is sort of a reverse-psychology on the market in my head. If it DOES happen, I can say "And there it is, the 10% correction." If it does NOT happen, I can take the profits home when it hits my target. If someone calls me on it, I go *shrugs* "Oh well, my initial idea worked and I made money." You seem to have a fan base here SPX. Don't give up so easily on the forum. Builds character? Heh
I was called a poc due to a trade call in the future that hasn't arrived yet! It is not even known if my trade call is wrong! Ignore function on the member who called me poc.
SPX sigh... The haters change their handle and just come back. They are so screwed up that they log out to be able to read your posts as a guest. Any stalker that has that much time will not leave you alone. ES
Hi Elec, I don't know if you know the member I'm referring to. He praised me in an earlier post and encouraged me to continue posting. Then in a later post, he went bipolar and called me a poc. It's an unfortunate thing that forums seem to be a contest about who's best, regardless whether they actually make money or not. If my cycle analysis was perfectly accurate, I would be a billionaire now, and I certainly would not be posting on internet forum's. I have never claimed I have the holy grail. I'll put up with it and continue posting. Thank you.