Good point. But its more oversold now :-) Plus I reckon its a bit of a bear trap right now. I would have expected a way bigger/faster drop than we...
That's what convinced me to add to my position a bit more. Plus its oversold now.
Switched to long with a tiny position
Closed for basically no profit, feels too risky chasing this down.
Hate chasing moves, but went short as the SPX broke below support.
I am the same. Waiting for the SPX to get to around 3920 before I start building into a short position again. So staying out of the market until...
Awesome chart. Does your process help to predict the bottom? This is my biggest weakness. I always scale out way too early and leave tons of...
Fair point, you are looking at the time of the trade, where I was just looking at the statement itself.
WTF. I would have thought TSLA would be the hardest hit out of that bunch!
Agreed, I have left a medium sized short plus a couple of puts on just in case, but took off about half of my shorts.
Yeah good shout. I cant see the SPX dropping below 3900 without a fight now.
All hell is breaking loose
He said "going into", not "at".
I would say that higher time frames work better for trading around news. For day traders, without a confirmed edge for trading around news, its...
Got to be the start of the next leg down now surely?
Exactly, but the fact they keep coming back for more pain just shows how far from capitulation we are still.
100% agree. But they wont want to redistribute wealth ever. I even suspect that raising interest rates will increase the buying power of the rich...
That's not even the same index
So you are expecting the tqqq to either go up or stay flat?
I think I was close enough. Lets see if the momentum carries on further from here
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