Search results

I'm for the ping-pong today, but it seems one too many (lower) touches for me. Sitting this one out.

@theapprentice is back! :fistbump:

Respectfully, this will end up in tears.

https://www.nytimes.com/2024/07/21/opinion/jd-vance-kamala-harris.html

Agreed. That said, adding to losing trades as part of a scale-in plan doesn't make much sense to me unless you're putting on huge size (funds, very thinly traded stocks, etc.) And of course, people cost-averaging in their 401k's who just add X amount of dollars every month is different, etc.

Respectfully, I think that adding to losers is a losing proposition, no matter the time frame. I'm not talking about mean-reverting strategies that sell overbought, buy oversold and have their own stops and risk managing parameters. I'm only referring to trades that go against you, yet instead...

Exactly. It's very easy to look at a daily chart and say, in hindsight, oh, if only I had bought in May and held till now, I would have made so much more money. In my view the main factor for picking day vs. swing trading should be your time availability and willingness to stay in front of a...

You're on pre-holiday mood, right? So are many other people. We've had talks of removing a presidential candidate weeks before his nomination by an internal insurrection, an assassination attempt on the other, the nomination of a "let's start a (trade) war with China" VP candidate, all this...

Apologize to the V, you heretic! Just kidding, peace :D

Very prescient :D

@Jdesey I like your attitude :) The first rule in my written plan is: "When you are sleepy, bored, frustrated, ecstatic, depressed or scared, do not open any new positions" (closing positions is mostly automatic)

@schizo Japan's inflation in 3 hours, in case you wanna know ;)

Nah, it's mostly about chips. Trump said that Taiwan had stolen all chips (production) from the US - Edit: and that Taiwan had then to pay the US for "protection" Then he picked Vance, who is a China hawk and wants to impose huge tariffs on China - sell fewer chips to China, plus inflation in...

I don't know, all I see below is air until around 5530

Yes, I use 21 EMA and it's already below it (in the daily chart).

OK, thanks, much appreciated :thumbsup:

Hey @vanzandt, what's your take (if you have any) on Starbucks and Nike? Best trading to you

It seems it wants 5610-ish

I was trying to buy dips, but if NQ keeps going red, I'll sit on my hands. Still on long/cash-only mode, even if it looks that - at least, in the short term - we're going down.

Shouldn't we have a blow-off top first? Yes, it went up a lot, but where's the climax? (no dirty jokes, please :p)