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I'm confused. Mastacoli, are you scaling in long or short?

After February, when the market did not do what i thought it would do for the reasons that i thought it would do it, i had to reconsider my analysis and figure out the terrain for the rest of the year. My conclusion was that we would range between our Feb highs and lows. A big range? Maybe. I...

My stance, which I've reiterated here a few times, has been that the market is in a wide-swinging range that was established in Feb of this year. I don't recall at any time insinuating that the market wouldn't test the bottom of the range although I've been watching the tape periodically for...

Doubt it.

Analysis based on price structure and trends is not relevant to anything. No market participant that is actually effecting the short (algos excluded) to long term direction of the market is trading on this information and neither should you be. Rather, present values vs anticipated future...

Have you ever considered that it is your approach to trading that is costing you money rather than your trade management? I think that you will continue to be adversely selected by better informed traders so long as you're making decisions based exclusively on technical analysis.

So what was the rationale for being in the trade in the first place? Aside from the fact that it broke 'support levels', was there any other variable that was affecting the price moving down?

This trade that got away... did it start out as a loss immediately after entry?

You are presuming of course that there is only 15-20% upside left in the market - what if there's 100%? Then we'd all look like idiots. I'm prone to believe that the market will do exactly what everyone thinks it can't and won't do.

In this thread, I have always held a generally opposing view to b1s1. Certainly, I was banking on a continuing decline in feb-april of this year with the acceleration of QT and a few other variables that are removing liquidity from the system... but guess what? The market floated and didn't...

Showing signs of strength here.

Why take the risk at all? A market that's making new intraday lows is not a market to get long. Once a bottom has been established and tested, then yeah okay, there's someone defending it with a bid so getting long is logical and you have a point of reference to bail. In any other case, you're...

Agree completely - this has been an exaggerated decline caused by absolutely nothing. It appears that most are just standing on the sides waiting for the slide to abate.

Do i know you? One down week and we're in a bear market now? Another ET idiot who thinks technical indicators are magic. Feel free to school me, bud ;)

Agreed. I think as long as stock buybacks are in play, the market can continue to support its own euphoria - a rather unique situation. If FAANG or Tesla starts having serious problems, this could cause a marketwide disruption that would have a bit of a domino effect. With the onset of the...

An inversion of the yield curve generally predates a bear market. We are not there yet. 5% mortgage rates *might* help to bring housing valuations back to earth but again, 5% is literally the old easy credit. This isn't exactly scary stuff. Consumers being over-leveraged is nothing new...

Come again? I could give a sh!t what the 200 day average is saying because it has zero impact on my decision making. I'm not going to school you on all of the economic variables that usually collide to incite a bear market - do your own homework.

I still say we're in a wide swinging range. As much as i would love to see the market revert to a somewhat more realistic valuation, id imagine we're going to base out soon and drive strong back up to the top. No bear market catalysts yet .

I think he is insinuating that because b1s1 did not get out when the market topped, that he is now 'down' 150pts. That's my read anyway.

I am just with IB, I have no front end anymore. Lightspeed does not cater to Canadian residents. As for the tfsa... I have no suggestions. Sorry I can't be of more help.