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Bro, you got shaken out. But don't feel too bad. I think this damn thing ultimately will drop down to 21,500.

It kinda does depend on the equity market, which isn't looking good. It broke below a major trendline today (BTC also touched its TL). However, that doesn't mean we'll be falling off the cliff either IMO. Next area of support is 3800. But the overarching question is will BTC crack below 20,000...

Thanks to @everyone for trashing this thread. I abandon my ownership to y'all so, go ahead, see who's got the biggest penis.

C'mon, fess up. You just wanna trash this thread. Just to clarify, those are 2 ES lots. Yes, it ain't much, but I'm also swing trading and risking more than 50 points a pop for stops. If this was a day trade, I would be trading a lot more. As for your accusation about me sim trading, I'll...

Are you retarded? You can trade from TV.

What about it that piqued your interest like that fat monkey George? :sneaky: Okay, you scalped 10 NQ points (which is equivalent to 4 ES points). But, seriously, why didn't ya short it when it broke below 12200, especially when it retraced back up?? Grrr

If you have a "right daytrading setup", namely you perfectly timed your entry and got in at the exact bottom or the top, then you don't need to worry about stops. But that's nearly impossible in reality. Hence you need to use stops. In a typical bull market, 3 points (or 12 ticks) would be...

Man, just looking at that chart gives me a major headache. :confused: :sneaky:

Who's got the balls to chase this runaway rally? Think of it this way. The "smart money" wants to pump up the price but they need to shake out the weak hands first. Hence the dump and pump.

LOL. Yeah, hence why I stay away from these macro gurus like a plague. :D Anyway, I got stopped out of my short!! Yet I don't know if this is a reversal or not, or if it's merely mirroring the equities tonight. Or it could be a last ditch effort, who knows. I'm sitting on the fence on this...

Damn right, I am. See above. They don't move without me. :D

Who are "we"? As for me, well.. :)

Hmmm, I say hold off on shorting until we reach 4050-ish. And even then we might continue higher. So don't short it, at all. :)

Did you forget already? This thread is about SWING TRADING. :rolleyes:

FYI I do have an algo and it day trades way better than this noob. :) Anyway, swing trading is something that I wanted to explore for a long time. It's definitely different from day trading and poses a challenge of its own, but I think I can make it work. Let's just see how it goes.

It's called fear and greed, aka human nature.

Man, you need to fire that algo. It's not doing its job correctly.

Imagine eating the same thing everyday for 30 years. Change is actually good for one's health IMO. Otherwise it just becomes a stale routine. By the same token, trading has its own health. What habits you develop and maintain will ultimately affect the health of your trading. Just my 2-cents.