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Now that we know what @theapprentice has for breakfast, you need to share where you got your magic crystal ball :D (Awesome trading today, congrats)

Follow your plan.

@Laissez Faire and @theapprentice, fwiw (maybe 0.02 :D), my rules for adding are: 1) Never, ever, pinkie swear, no, no, no, add to a losing position 2) Only add to winners in the first 25% of the expected move, preferably after a small correction 3) After the 25% threshold, I can still open new...

This reminds me of the joke about the guy in the middle of a flood praying to God to save him :D https://truthbook.com/stories/funny-stories/popular-stories/the-drowning-man/ (And God said: here's the ignore button :wtf:)

AMD Edit: But so far, it looks more like containment than V

It depends. Different sizes, different timeframes.

Buying tech stocks, it seems. Many up 10% from the bottom.

Services PMI in about 5 minutes

OK, so my normal state of mind :D Well, Nvidia is likely to trigger the uptick rule today, Tesla and others may as well. Limit down in the NQ is 7%? So about an extra 0.5% down from overnight lows?

I agree on the staying humble part. But this volatility is also a good opportunity to go for homeruns; not as in trading without a stop, doubling down and other (ahem), less-than-safe behaviors we've seen in this thread every now and then (ahem), but as in holding to a winning position, adding...

Hey @schizo, my order at 5200.00 did not get filled, I want a refund for those 75 points in profit I just missed :D (J/K, I was sleeping, great call) :thumbsup: on helping others

Maybe they were including commissions :D Also in Japan?

Amen

Wednesday August 28th

I think people are tired and we're going nowhere, but I'm just a punk.

To me, personally, the market being 3% down for the week is nothing to write home about. But when I see a sea of red in leading stocks, many down more than 20-30-40% from recent hights, I worry there may be more to it than looks like. INTC down 30% [Edit: in a day] (45% from recent highs), new...

Vix > 30: don't blink and remember to kiss your mama (said respectfully)

And most importantly, is there finally any obvious reason to be short?

I was long from 31, had some nice profit that it evaporated (got out at breakeven). At least it reinforces my rule of NEVER, NEVER, NEVER add to losing positions, no matter how "cheap" the stock/future/whatever is. That said, of course, I'll be looking to long INTC again once it forms a floor :D

More "uptick rule" stickers showing up on my stocks watchlist INTC down almost 30% :confused: