Search results

So this is 3 or 4 days in the red for the market... (the first one, to me is a doiji or flat day), any thoughts?

I don't think we're breaking below 5520. [Edit: ok, so I was wrong] Well, I'd say that normally his guess is way better than average (except when he wakes up, finds out he has no coffee left and gets in grumpy permabear mode :p). After NVIDIA chops around 24-48 hours more, I'll look for a...

Not so fat, I mean fast (fat lady singing Freudian error :D)

The summer midnight sun is playing tricks on his brain :p AFAIK, Laissez Faire is quite objective most of the time, considers different scenarios and is quite aware of his own biases. We'll find out soon enough what the market does, anyway :D Best trading to everyone.

Agreed. Not everyone can be a flipper like Schizo [edit: you read my mind, TrailerParkTed :D]. When you tend to have a directional bias (like me) and want a large R/R (like me), trading in markets that look range bound makes little sense. In days like this, either I don't trade or I use...

Thank you very much, gentlemen for the pointers. I will be (probably) playing with small size the range between 5425-ish and 5445-ish. But who knows, maybe Schizo gets a breakout/stop-run to 5460. I agree with Laissez-Faire that 3WD tend to be rangebound with a negative bias, we'll see if we...

Ok, so I was overestimating ASML (it's about 31%, not 40%), but...

Isn't ASML like 40% of the Netherlands' GDP already?

So oil is overbought?

Anyone knows what's the sweet level for tomorrow's expiration?

Triple witching day https://www.investopedia.com/terms/t/triplewitchinghour.asp

OK. I don't mean not trading for weeks (I think some people - myself included sometimes - are just trigger-shy), just seeing at the beginning of a day (as you mention today because of the holiday) and saying... meh... I'll take a break. Particularly, because, if I understand correctly, your...

Nice combo: long on the pullback... and long again on the breakout...

Are there any days when you decide (beforehand or at the beginning of the session) that the R/R is just not there and decide not to trade? And I don't know, go fishing :D

Happy for you and these last few months have vindicated you - to a point - which is nice, considering how much crap some people gave you. But make hay while the sun is shining and save for a rainy day.

IMHO this applies more to very-very-large investors that cannot get out of their positions without moving the price and so they have to get out slowly and way in advance of price turning.

I remember 1999 (I was not trading, though) and NO ONE was buying "dog money" and similar turds. Now all my run-of-the-mill college-educated father-with-kids friends are in this... Good point about the passive investment.

Because people are angry they didn't buy and keep waiting for a pullback that doesn't come... while a bunch of know-nothing punks (from their point of view) keep making the easiest money they've ever made... I myself am a bit pissed off I didn't buy more :D

Click -> pop up -> Click ===> Peace and quiet. ;)

OK, this thing is going up, but let's not get too crazy :D