blood on wallstreet! hope you done better than me today! white lines are open positions. Actually not too bad. Around BE on the day if you take the current pnl from the daily closed pnl. IF nothing has changed I feel like this is a very nice level for a bounce. Of course the party could be over and we could just keep crashing from here lol. Has to end at some point!!?? Day off work tomorrow so I get to watch the action!
You lost me there. Go long when it's going up. Go short when it's going down. Short term trading has nothing to do with economics, fundamentals or political baggage and viewpoints. You need to be on the right side of the order flow. Period. And when you're not - cut your losses immediately.
I hope my boy Schizo caught this drop!! I bet he did! I'm taking a beating on the latest longs. Luckily it's only a tiny percent of the gains i've made from the BTFD strat over the last 2.5 months or so, but i'm not just gonna let it take all them gains back and hold it to 6k or whatever haha. Won't close them just yet, although the market action means i'm more open to trading both longs and shorts on the futures account. Maybe i'll be able to catch a nice short which can help hedge the open losses whilst I decide whether the market is ready for a proper correction or whether it's just a small pullback on the daily chart lol only thing i'm actually sad about it my 212 stocks account. It's been growing like a weed for a while now, but these last few sessions have obliterating a good few positions! Why don't the bulls ever catch a break!!!???!! /s
Don't worry too much, if the courts declare the tariffs null and void, the market should explode. If you need more emotional support, contact V-man
BLS (NFP) release:- "Total nonfarm payroll employment changed little in July (+73,000) and has shown little change since April, the U.S. Bureau of Labor Statistics (BLS) reported today. The unemployment rate, at 4.2 percent, also changed little in July. Employment continued to trend up in health care and in social assistance. Federal government continued to lose jobs..........." But further down note this as well:- "Revisions for May and June were larger than normal. The change in total nonfarm payroll employment for May was revised down by 125,000, from +144,000 to +19,000, and the change for June was revised down by 133,000, from +147,000 to +14,000. With these revisions, employment in May and June combined is 258,000 lower than previously reported. (Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.)"
The report is a disaster --- I'm shorting NQ... immediately a couple hundred open profit... stopped out at BE... right away goes down again... repeat at a lower level... same, same
black friday!! I went flat earlier. took a big loss on them latest trades, but overall, not a big deal No more btfd for a bit here. Doesn't look great lol Looking for day trade shorts