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But how do you know what big money is doing? The logic is if it’s easily known then it won’t work for long.

Market can go to more extremes than human can perceive. So picking top or bottom is a sucker’s game. That’s not to say one cannot get it right once in a while, kinda like averaging down. The law of trading is statistics/probability.

I think it’s partly hindsight. It could have fallen over anytime. That’s the very reason day trading is hard. Everything can change in a second making it so unpredictable. Only hindsight is the clearest. Lol

Human nature never changes but patterns do. Otherwise, it’s too easy. Don’t we always need a good challenge? Well, it’s actually the market condition change, which happens constantly.

I am struggling to see how trading psychology evolves to IQ/intelligence? :)

Well if the puzzle is solved one should just take whatever one can from the market. PS, I know you’re being sarcastic. :sneaky:

http://traderfeed.blogspot.com/2022/05/intrinsic-and-transactional.html I just read this one and find it very interesting. Most of us started trading as transactional, i.e., trying to make money from the market. As we progress along we develop a more intrinsic relationship with the market...

Still buy UVXY? :sneaky:

I am learning to “gamble” on trading. As a perfectionist I used to try to do perfect trades and refuse to accept losses. Now I am getting better at taking good risks. :)

Small gamble is entertaining. :D

Exactly! Why would I buy something for cheap @1c while it’s worth nothing? It’s simple logic.

You either catch a falling knife or a nice bounce. :D

Thanks! Learned something.

You’ll get cash after the settlement.

Don’t you have to pay thousands to play in those tournaments? I watch them on YouTube.

I think in this volatile market it’s better just do day trading.

Ok. I was wrong. ;)

You didn’t take profit? In this volatile market I’d just grab whatever I can.

I don’t trade after hrs. Have a real life. :D

If you shorted NQ you can get out now and take the profit. Nobody knows what’s gonna happen tomorrow.