Since this site is dominated by the white male here is why.....
Maybe because women have abandoned their traditional role in society and at thats to stay at home.
Call me what you like but a woman's primary job is at home - cooking/cleaning/bearing children and looking after them and also...
The market will capitulate next week - then cover.
But its been tough for the last 2months shorting then sharp rallies after each major breakdown. The best money in that period was selling tops & reversing on bottoms - but then thats another man's meat.
Hey Noobs - The biggest problem here is you don't have a trading strategy at all that you believe is profitable. Read again your 1st statement. You jumping from RSI, Bollingers, Patterns and so on .........my advice is find or develop one strategy and then concentrate on following it.
By the...
Noobs - No I didn't know it was going to be a 3 point day and noone else knew beforehand. But I know that I don't have either a strategy to make money in a 3 point range or enter gazzillion trades in such a tight range.
No crystal balls required or voodo noobs, in future experience will...
Hey Noobs I don't get it - why would anyone day trade this toxic ES/YM/NQ today - other than a need to gamble & hope. There is no excuse for losing money today.
Well we do our own thinking and reckon Marc Faber is talking bullshit - short bonds in truckloads this market will capitulate in the next 3 days.
Being able to call a correction is the edge most seek.
Its just a minor correction of the long term trend and was a shorting opportunity of the intermediate trend, thats all. Buy Gold now and watch it scream to $1500 in the next 8 weeks. Why sell at these low prices? makes no sense.
Thats not universally applicable. Take a 10% drawdown of $20K its nothing only $2k is normal and expected. Take 10% hit of $100m thats $10mil and yes you belong in the scrap yard.
The reverse is true - 100% return on a $20k account to $40K does not make you a superstar trader. 10% return on...