Trading when you should not!

Wasn't this the same thing that was being said in 2010 or so? Wasn't this the same thing that was being said in late 2015 when China pulled their currency horseshoe out their ass and tried to devalue the Yuan?

Wasn't this the same thing that was being said in March 2020?

The longer we keep waiting for the big crunch, the sooner we'll all be diluted in the giant expansion!

 

They are the God's of kicking the can.

Best to ignore it all and just trade what you see.

 

All I see is, reopening economy, people with money to spend, travel and leisure going to shoot up, so long this stuff. That's all I can "see".

 

So invest accordingly? Means nothing to me when I trade ES.

Only thing I care about is what I see on an intraday basis.

News is poison. Do your own homework.

 

So what did you see at 10 AM today? How did you capture the 1+ percent move?

 

Firstly I didn't capture the entire move. Nobody captures entire moves consistently. If they say they do they are lieing.

Second I'm primarily a scalper so I wasn't even looking to slice off a full 1% move. At times I'll have extra cars on that I may let run but I still scalp out the majority of my position in short measure.

The answers you seek lie in the charts. Many many unforgiving hours of watching the bars peel like paint. Some things you can't learn from a book or videos. Lots of charts for hours, days, and years on end supplemented with data keeping for probabilities/ statistics.

It's a long journey but a worthwhile one if you're capable and can whether it.

Probably not what you wanted to hear - but me posting a chart showing a trend break followed by a push lower and a higher low leading into that big move will likely just get laughed off as "oh look another squiqqly line guy".

**Shrug**

 

Mmm hmm. It is exactly what I wanted to hear. It is why I do not use stops any more. Lots of charts for hours, days and years, etc.


"...Some things you can't learn from a book or videos..."


Like New York City. You cannot learn that from books or videos. You have to live it.

 

Anyway enough of that. We hijacked this guy's thread.

Apologies @TimtheEnchanter .

**EDIT: As an aside - MP & the HG is in my top 10 of all time so !

 

Because you don't know it's untradeable. You only know it's untradeable AFTER you've lost money. Hindsight is always 20/20.

 

When I'm bored I usually try to click on buy button. Works in bull market