US CPI Prep

Discussion in 'Trading' started by TrAndy2022, May 10, 2023.

  1. sorry, your chart has too many indicators. i just use vwap and support and resistance, and volume profile for my trading.
     
    #11     May 10, 2023
  2. easymon1

    easymon1

    Not for me. lol
     
    Last edited: May 10, 2023
    #12     May 10, 2023
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    #13     May 10, 2023
    easymon1 likes this.
  4. easymon1

    easymon1

    How did you use that VWap for your entry?
     
    #14     May 10, 2023
  5. i don't use vwap for entry. i enter either on resistance or support either to go long or short.
     
    #15     May 10, 2023
  6. Nine_Ender

    Nine_Ender

    SPX ytd +8%, QQQ ytd+22.3%.
     
    Last edited: May 10, 2023
    #16     May 10, 2023
  7. Did anyone suggest otherwise...? :)

    Shorting strong rallies is the hardest trade for me to take, so I generally don't do that unless I have a very strong reason/signal/data to support it. Maybe in the future.

    Your point is? You also mentioned something about perspective, but edited it away...
     
    #17     May 10, 2023
  8. it’s good that you recognize your strength and weakness. I tend do better on trending day either to the up or down side. Anyway it is almost noon time and I’m up $11 doing door dash and $1543.43 trading the stonk market today. How are u guys doing so far?
     
    #18     May 10, 2023
  9. easymon1

    easymon1

    Get em Vinny
    foghorn leghorn9.jpg
     
    #19     May 10, 2023
    vincentnyc likes this.
  10. Oh, for sure. I recognize them. When I first started out shorting was all I did and I lost a lot of money doing so. I also took some nasty blows on shorts during the covid plunge on those huge counter rallies. So, maybe it's psychological damage. I was short today pre-market (net loss) and took a few big moves on the short side last week, so it's not like I never short, but generally I prefer trading long.

    Nice catch today, then. Seems like it's paying better than door dash.

    I'm down about the same amount you're up, but the day is still young. Just stupid trading today, really. Took on way too much risk and got sloppy trading while I had my day job going on.
     
    #20     May 10, 2023