Not disputing that idea. Myself, I just watch the short-term time frames so I detect trends in the very early stages whichever way it goes. I...
Could be. I wouldn't be surprised to see another jam into the close, or a sell-off... given that we are right at resistance on the daily chart. I...
NO. The market is overextended, and could very easily pull back. It could also spike higher for a bit longer. Right now is a terrible time to be...
jr07, One other thing. It is in no way an exaggeration when I tell you that it will take you many thousands of hours to become a successful...
Way too many bullish threads on this forum, while bears are screaming in pain. I smell some short-term capitulation. Too early at this point...
During an uptrend, yes. And during a downtrend, only short or in cash.
No problems... not trying to be a jerk, but it's important to get through to you. Trading is an addiction for some people, because it SEEMS so...
Rule #1: If you're posting questions like this on ET, STOP TRADING REAL MONEY. YOU DON'T KNOW WHAT YOU ARE DOING, AND YOUR CHANCES OF SUCCESS...
All of the above, including more leverage. Daytrading is the hardest form of trading, and the most lucrative. Very few people can do it well.
Except that there is no actual glory in it. Every experienced trader knows that making a call on a top or a bottom after it has extended the...
Incidentally, the topic of this thread and a few other bullish threads on this site is a sign that we are getting a little overextended. Be...
It's quite amazing how many bad traders actually get paid to manage other people's money.
Your problem is that you are trading off of other people's opinions. This implies that you don't have faith in your own analysis, which means you...
Yep. It doesn't mean that the top is in right now though. But it does mean that it's time to be a bit more cautious.
Yes. And for me, it's easy before the fact too. If you check my posting history, I have been warning about this consistently since S&P 1000....
Actually it's pretty simple: 1. 90% of traders fail. This means that 90% of traders are selling when they should be buying, and buying when...
The past couple of week all I have seen is bear threads, and sure enough the market has rallied. With the emergence of some buy threads, it's time...
It never ceases to amaze me how many times the same stuff happens again, and again, and again, and again... :)
Well, looks like the daily jam session is in full force... 1058 as I type this. If you draw a trendline through the last 2 major swing highs on...
870 is a long way off. Check out all the trendlines that would have to be broken for that to happen. While we are right at the top of a recent...
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