Surf Report

I really thought you had won it when the NDX/NQ fell 400 ticks in one day a few weeks ago.
But this trump bull market is relentless.

 

As traders, we need to go which way the wind blows...not the way we think it should blow.

 

This is a squeeze of 2 weeks worth of shorts under water , pretty basic price action . All of pretty low volume thus far

 

Even when we have a good edge 40% of the time the market is gonna do the opposite of what we think it will probally do. There are always bearish and bullish institutions playing the markets, at all times, in every scenario. They each try to push the market towards their bias. One side wins on B.O.'s but every b.o. is in turn tested hard by the other side to try and make it fail.

 

Yep, no way of knowing whether the next trade will work or not...just take the signals and observe the rules of the plan. Leave the fortune telling to the guru wanna-be's..

 

SHAK slammed at the open today,

 

Probability all us traders got .

 

To each his own & it's all subjective anyway, there are trends within trends within trends, how you make trade decisions is a very personal thing. I normally follow major trends, but I will never miss out on a good counter trend opportunity

 

But surf was taking his signals wasn't he?

 

Depends on how you define signal, simply making a call is not a signal. I have never heard a professional trader guarantee a trade. And damn few succeed by adding to losses and moving stops AWAY from targets.