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  1. H

    ES Journal - 2023/2024

    He’s been working double shifts at Home Depot
  2. H

    the myth of averaging down for traders

    This thread is like a game of mad libs
  3. H

    the myth of averaging down for traders

    Not discussing averaging down waterfall declines…I’m attempting to differentiate between hail mary averaging bad trades and scaling into support/resistance areas…unfortunately, the two have been hopelessly conflated
  4. H

    the myth of averaging down for traders

    First touch is always stronger, second touch is a wildcard to some extent (dependent on trend strength and duration), but still its an area of strong support…so to answer the question, daily hourly for major areas (weekly at times as well)…certainly SPY could be included considering the...
  5. H

    the myth of averaging down for traders

    Some other considerations…end of quarter/end of year/beginning of quarter/beginning of year positioning…(hindsight of course, but so are many discussions on here), but the upside squeezes in many of the beaten down names did ultimately provide windfall gains on the upside
  6. H

    the myth of averaging down for traders

    Ok, let’s go back to last week and ES down to 4100…Personally, I thought it was possibly going to flush down to perhaps lower 4090’s (it was a fast market and trapped a bunch on the run above 4170), so in that example, trader’s discretion where they feel the invalidation point of a pullback into...
  7. H

    the myth of averaging down for traders

    How about a more nuts and bolts example…Lets say that you calculate support at some important MA, area of trendline support,etc, but the underlying is beginning to catch a bid, so you determine that you will put half of your position on here and then reserve the other half just in case there is...
  8. H

    the myth of averaging down for traders

    What is there not to get? A short term trader who is bullish or bearish on a trade cannot assume a perfect entry, so they enter a long or short inside of a range with a fail safe stop loss outside of the noise range…but if you become too literal with your definition of averaging losers, you...
  9. H

    the myth of averaging down for traders

    Let’s make this simple…for those without ability or experience…”averaging down” = financial death…for those with some strategy and ability, it’s part of the game… defining terminology is critical to discussion…ask spooz top about averaging down…for some its scaling in, which would infuriate the...
  10. H

    The Fed will start talking tough again-

    The pretense of fighting inflation is their goal…Once the inflationary pressures could no longer be denied, they feigned concern…Were you guys born yesterday?
  11. H

    The Fed will start talking tough again-

    This has been the case for decades…nothing new
  12. H

    Overnight gone?

    Think of it as a sympathetic intervention. the poor guy has spent about 6-7 years hopelessly glued to this site…and now he’s had an opportunity to leave the apartment, get a haircut and run those errands he’s postponed since 2015.
  13. H

    ES Journal - 2023/2024

    CL is a retail widowmaker
  14. H

    ES Journal - 2023/2024

    0 dte options…not your grandfathers market
  15. H

    What do you guy's do to prevent tilting?

    Blair Hull is another one. professional gambler, phd in math
  16. H

    ES Journal - 2023/2024

  17. H

    ES Journal - 2023/2024

    They’re all in on the WSB favorites. Looks just like 2 years ago with the sub $5 stonks
  18. H

    ES Journal - 2023/2024

    Might play ping pong off the 200dma
  19. H

    ES Journal - 2023/2024

    I’m not even close to being a permabear…I lost that classification somewhere between 2009-21…In fact, I don’t even enjoy being short the market, I was also going long yesterday during that manufactured waterfall decline, but didn’t hold on
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