Let me guess: you did the same today in the bear market. Went short this morning and took your profit. So made your $ for the day.
Made some nice $ shorting the market today 4/6/18. Black Monday coming up next. Have a nice weekend fellas.
Straight from yahoo finance today 4/6/18 “The trade war is here - prepare for a bear market”. I told you this is the beginning of a bear market 2 weeks ago. As matter of fact I told everyone here on this board when I made a thread about shorting the market months ago. You fellas about to feel real pain in your 401k soon.
As usual - when news reach general public and everybody become convinced in something - opposite will happen. Think Brexit, US 2016 Presidential Election. There are two rules about market crashes: - Market crash never happened on Friday's; - Market crash alway unexpected.
This becomes (like always on ET) a discussion about definition of words. So I will not start a new one as it is useless. I think most people understand what I mean in my posting. You cannot problem solve without having any knowledge. You need "something" to start problem solving and that "something" is knowledge. Compare it to: what was there first? The chicken or the egg? Knowledge is knowledge, basic knowledge, real knowledge or advanced knowledge are all knowledge, but an different form of the previous level of knowledge. What do you need: real knowledge or useful knowledge? We can start an eternal thread discussing about the difference and what you actually need.
NO ONE knows if this is the start of a bear market or just a correction. It some way it doesn't matter to us as daytraders! But one thing for sure is that volatility is much higher in 2018 than 2017. I think that's a good thing if you know how to trade...
U a philosophy major or something? No chicken and egg stuff plz. You lost me. You need to know what's important in the markets and what's trivial. Many things in the market, i.e.: information, are trivial. Stick to what's important. savvy?