So let's think of this...one day in the future there will be another 20 to 30% drop in equities, they will remember what happened last time markets were down 20% but then they will realize hmmmm maybe im getting in too early and will wait it out, or maybe even get back in, make a few dollars and jump out only to see markets move even higher. ..many are chasing markets and hoping to grab what's left of the rally. Stocks now up over 25%, 30, 55% even 100% from thier lows ....its not easy to want and buy the spy at 615 when just some weeks ago it was around 490. There will be opportunities to trade these markets lower.
Futures green... Choo choo. Will ramp them.up all night long while everyone is sleeping ...tomorrow more free money. Always risk free markets.
QQQ is up 8% ytd. You suggest you have a buy and hold which is "hedged" by your trading. There is ZERO chance your account "skyrocketed" this year.
I did say markets would drop, I actually posted a that the s&p would see 5000 before 7000 and it so happened I was right. Markets had a brutal sell off....did I expect a turnaround such as the one we experienced the last 2 months, absolutely not. No one did. Do I think markets can end down in the red, yes i do. However at this moment in time markets are catapulting to new highs based off nothing else but everyone jumping in on anticipation of missing out the rally. I'm short yes, im also long but hold more shorts most of the time like I have mentioned before. ...there is one that has skyrocketed, of course it's my portfolio with the least amount in it but sizeable enough to show a decent monetary gain. That particular portfolio is up around 17% .....I do have another account that was going gangbusters in April but now that leading portfolio is actually down on the year....so am I down overall? I'll have to check and get my numbers together and post it here by end of week.
We had 6 green days in a row. We needed to get a red day in somehow this week. Weren't' going to see 9 straight green days. Anyways, back up tomorrow.
Just as I said...futures ramping up. At intraday highs and only going higher. Free money forever and ever and ever.
closed a es long on spreadbet account here on this lovely ramp from yesterday before I head off for work
Closed it out??? Market is printing free money, es is going to go straight up through the end of the week!!! Making new highs every minute that goes by. I went long a few smaller contracts yesterday and as soon as I bought them they started printing me free money. Each time I check they are higher than the moment before..... Freeeeeee money .....
I cant believe the futures are well off their highs, this is unbelievable ....when will the drop stop????this is crazy...