Dow 30 23,889.0 DERIVED 06:18:42 | Futures +372.0 +1.58% S&P 500 2,890.62 DERIVED 06:18:40 | Futures +44.12 +1.55% Nasdaq 9,212.88 DERIVED 06:18:42 | Futures +116.38 +1.28% SmallCap 2000 1,288.70 DERIVED 06:18:42 | Futures +42.30 +3.39%
Spooz Top 2, You are right. For me, it is better to react to what the market is doing and be a Follower not a Leader. If the market is going upwards when my eyes see the market is going upward, my best bet is to find a decent risk location to enter long. High odds are in my favor of a win. If the market is going downards when my eyes see the market is going downward, my best bet is to find a decent risk location to enter short. High odds are in my favor of a win.
Perfect case and pt . Today. Zero people and i mean zero people saw us up 87 pts on the es today. Matter of fact i'm pretty certain 70% of elite trader is short and if we had fallen 87 pts much of the board would have been shouting how they were short . But we won't hear a peep from all the shorts stuck. Look at it this way .If all your trades are long then you'll be right around 72% of the time . Its really that easy
I'd say that ET is usually a good mix between bulls and bears. Last week I was 46 % long and 54 % short on my day trades. Such a strong gap open on a Monday is quite rare, but there were at least one guy who were bullish for this week ahead of the Open. Obviously, to predict each day in great detail and days ahead is not something I personally believe is possible, but yes, I do believe markets can be predicted a lot of the time. But prediction usually involves conditional probability, i.e., as long as this condition is in effect, then that is more likey. As markets change continuously, just like the weather, a good forecaster always uses updated data and may change his opinion if something 'new' happens that changes the current prediction. ES Journal - 2019/2020
Maybe I am too simple thinking, but I personally think it is too much work and stress for "me" to try to predict what the market will do day to day or week to week. I rather just wake up each day, and trade whatever direction I see at that moment in time. Just seems like too much work to me with all the prediction stuff in the future. long term, i just buy the S&P 500 index monthly. I mean guys, we all just got one damn brain and two arms. I am just going to keep shit simple. Make my 2 or 3 trades per day and end it. track my records.
To complain about too much work and stress does not seem promising. Are you killing it just waking up and trading in whatever direction you see at that moment in time...? If so - hat's off to you.
We all made our predictions before the market opened on Sunday evening. You wait until the market is up $2+ before you give your vision on sunday night?????
And there you go and extra $1.44 for your piggy banks. Next week $300 and beyond. Get your free money !!! 295.44 USD+0.56 (0.19%) May 22, 8:00 PM EDT · Disclaimer