Who's fading this move up?

Discussion in 'Trading' started by scriabinop23, Oct 20, 2008.

  1. dsq

    dsq

    how or why anyone could take an overnight or multi day position in this random chaos is beyond me.Its like russian roulette.
    If you are about capital preservation you should only be doing intra day trades/scalps.
     
    #41     Oct 21, 2008
  2. That's odd because my daytrading has went to sh*t lately but my position trading is working better than usual. ;)
     
    #42     Oct 21, 2008

  3. Yea me too. just keep size down and all is fine.

    Interday and daytrading is the same game, just different sizes and wider profit targets.
     
    #43     Oct 21, 2008
  4. I'm flat after eaking out a slight profit... this isn't good enough.
     
    #44     Oct 21, 2008
  5. Cutten

    Cutten

    Heh fair point, I am down this month so maybe I'm the "cold hand"/fade indicator right now.
     
    #45     Oct 22, 2008


  6. Stock_Trader... this is your problem.

    you decide which way you want the mkt to go. You think point out all the reaons why it should go up.

    You should do the opposite, analysis >> then decision
    You do decision >> then analysis that support your decision
     
    #46     Oct 22, 2008
  7. The chart tells you all you need to know. People often try to impose their will on the market when the market does not give a damn what you think even if you could raise the dead and turn water into wine.
     
    #47     Oct 22, 2008
  8. The charts don't matter with regard to indexes

    The charts looked very bearish on the spooz on October 2002 yet that was the start of a new bull market.

    nice move in the futures:

    Dow 8,604.00 47.00 0.55
    S&P 500 908.10 5.30 0.59

    May not seem like much but Hong Kong will probably recover as will Germany
     
    #48     Oct 22, 2008
  9. Its time to be fading!!!! F A D I N G!!!! AAAHHHH!!!
     
    #49     Nov 4, 2008
  10. Another huge day of buying :p

    don't fade this rally unless you enjoy losing money
     
    #50     Nov 4, 2008