I sold short right at the top for a 3 points ES gain. I thought they were going to pull my leg again like last time. Green shoots all the way till the close.
Today's action destroyed many traders ---> Today's action benefitted many traders Today's action destroyed members of eliteinvestors ---> Today's action benefitted members of elitetraders
I normally do not day trade much. But today is special. But as to benefit whom, some benefit and some get hurt.....
My aim is to have just a few of these days a year, rest of the time don't lose money. If the market doesn't become flat, I think I might actually get there :-O
And I have literally thought the same thing. In my fantasy world of trading, I always thought to myself, "Man, how cool would it be to catch a 500-point move in the NQ with a couple of contracts. That's 20-40K in a day. All you need is to do that a couple times per year, and you are set for life". Of course, real life doesn't work like that, because in order to do that, you'd need millions in an account to even attempt it. So I dream the lazy dream, and will never be that. But I still dream.
The most important thing is: Trend is your best friend. And do not fight the market. I know it is easy said than do it....