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Well done all.... I only took longs today on my main account, but left so much on the table, doesn't feel good. Could of taken more trades since I had gains in the bank. At least was trading on the right side, really though we'd have a few more dips intra-day than we did, clearly I was wrong.

Ok, thanks for clarifying.

I am not trying to argue or debate, genuinely asking what you're using to measure this? or can you expand on this? Just the fact we've had a multi-day rally? A lot of the bullish activity is very likely short covering, which isn't a long term support of price, just short term. We need...

Well we've had huge moves and very larger charts are active. It's all about supply in the moment though. Doesn't matter how bearish or bullish markets are long term, if shorts are trapped if they don't give them the supply to cover they will be forced to cover higher, which helps support...

Even if we get further upside this week it's going to have a very difficult time holding. In order for this move to continue up and hold you would need: #1 To beat the technical probabilities (again really rare for up moves like this to sustain given how we came down and how long we've...

It has nothing to do with QE directly, if you still remained aggressively short after all these down moves and couldn't see that there's potential for a short cover rally or even a multi-day rally, particularly when the vote was still out standing, than you weren't going to make it as a trader...

Understood.

Some people just aren't comfortable shorting or like to defend there longs as that is how they made their career and they now have the money and skill to do that. For some people it isn't easier and more profitable. Just looking at a chart and seeing that it went down more than up...

Absolutely, but it does take some bank roll, years of previous trading gains locked in and skill to do it. There's not many people in the world that meet all those requirements and have the skill to make money going long in a market like this.

Just trade what you know.... every time market goes up bull people pound there chest, every time it goes down bears pound there chest. I'd rather it stabilize and go up just for general stability, but at the end of the day for trading purposes I don't particularly care. I trade whats...

You are not wrong(as far as being long only) you could go long this market on 98% even 100% of your trades and still make crazy good money (even in these times). The thing is, you need the bank roll, previous gains locked in from years of trading AND the skill. I know someone who's doing...

Just another reason that if trading is your primary income source, you need to have a plan on what you're going to do in order to be consistent day in and day out. Trying to catch the bottoms and tops just reinforces the mentality you speak of because people feel they missed the bottom, so...

Very few people can do the strategy of just buy and hold for there actual primary income. Sure, for passive income or long term investing it's more viable, but even than if you want to be like every other manager in the world that gets paid a 2% or whatever management fee just to buy and...

I didn't go anywhere, you can check my post history I said ES 2200-2300 would be a level I'd be more looking at the long side than short side at least short term. This is just one positive day(and it hasn't even finished yet) in forever. I wouldn't go beating the drum too loudly just...

Ok, that makes sense. I do understand your point as it relates to that.

I understand you quoted him not me, but we're both making similar points I wasn't even counting ANY jobs in that industry. In fact let's say every single one of them KEEPS there job. That is still not relevant to the larger point. Again it isn't about the linear relation that low oil = bad...

Sorry, only 8/10 for me. Since you admitted a mistake and said you should of held longer can't be a perfect 10/10.

It's not a linear situation though. On face value your statement is correct. Add in other factors like FED has been fighting deflation for decades and that we are a consumer based economy that relies on debt expansion. Than you start to realize low oil prices is not going to be a good thing...

Yes, nothing inherently wrong. But we're already so far down the path, that is my point. You can't just pump the breaks and turn around now just because there's nothing inherently wrong with deflation. Whether we like it or not, deflation is bad for US at this point.

It's risking that vs deflation. We're a consumer based economy that relies on expansion of debt and consuming goods. Neither scenario is likely to have a great outcome. Which path will be the easiest to recover from, I don't know maybe someone else has a good read on that.