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One question here for later (when you don't have a position), if I may. I understand both adding to winners and averaging down (even if I wouldn't do the latter), but here it seems to me that you're just adding at your entry price. Me no comprende. ???

So it tested the top of the range. Now it should try to break below 5585. If it holds, I'll look to get long again (got long before on momentum, stopped out at BE when it didn't follow through).

I just saw that, so weird. I guess I just don't understand the meaning of "closed" :D

No problem, sometimes I go to the toilet and forget why I was there :D

Please correct me if I'm wrong, but I think 12:15 Central time (Chicago) is 13:15 Eastern time (NY) Edit: they reopen on Friday, not tomorrow, AFAIU

It's on my watch list, but I'm looking at it for longer moves and so far I haven't seen anything I like. If/when the situation in the Middle East goes back to its normal level of shittiness, I'll be looking for a months-long short. For intraday, etc., with my broker (IB) is not worth it...

Friday should be interesting.

Seriously, when I grow up I wanna be like you :D

Keep in mind that today the stock market closes 3 hours early.

Averaging down (for individual traders, it may be different for very large funds) is by definition an attempt at being proven right as opposed to making money. So if you want to "be right", by all means, average down. It'll improve your winning percentage, but will hurt your profitability and...

While the range holds :thumbsup:

Yeah, you were almost high-ticked there :( Laissez-Faire also had the (opposite) right idea, but was also hit by a stop-run.

Nice trade, congrats. I was going to make a joke about how you trade better when you're away from the computer, but... :D ;) I think we're going to move sideways for most of the week, unless Powell tomorrow or the FOMC minutes on Wednesday give some big surprise (I doubt it). Maybe on Friday...

Thanks a lot Hajimow, I will try this on Monday.

Exactly, considering that most of us here are day traders, we should have been selling the pops, not buying the dips, but hey... V-shape, etc. I don't think we're alone in this :D

I was reading the market ok: shakeout at the news, then bullish, then retracement... but the last couple of hours, I'm clearly not seeing it. I thought we were going back up to 5570 or so... but so far... maybe some shorts closing in the last 30-75 minutes? Edit: Where's @schizo when you need...

Amen

I expected some pullback, but this seems a bit overdone now... Is this guy being mean to the market or something? :D (18:00 is European time, about 20 minutes ago)

Are you (kind of) starting out? Then it's usually better to stick to just one instrument, imho. Also, if/when you pick a second instrument, it's usually better to pick a different asset class (if you're trading equity, then pick forex, treasuries, energy, metals, etc.), so you can have more...