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A Biden election and the Senate going Dem will end it quick.

I was expecting a strong number like May - but I thought that they’d sell it off a tad prior in order to make room. Nope.

I’m afraid the strong, unprecedented Fed intervention in 2008 and the subsequent QE interventions has only emboldened Washington. The stock market went on a historic bull run - and many economists believe that the Fed actually MADE money for the Treasury through it all.

Boom. A RIPPER :fistbump:

Boom. A RIPPER :fistbump:

I thought we’d sell off a bit this week in order to make room for a Ripper June jobs report. Nope.

Now that’s a positive sign. That is real progress. I’ve been trading a long time and I’ve worked with a couple hundred clients as well. I hate generalizations in trading - but the traders that I’ve seen make serious FU money in this business since electronic trading took over have put a...

Successful trading takes emotional maturity and discipline. If you’re posting as a newish member here on ET soliciting advice under a thread you titled: “Stop Losses are Killing Me” - then it might reasonable to assume that you are a bit exasperated emotionally. If you can’t take a few...

That just doesn’t seem like the Sig I know and admire.

The very best advice is to STOP trading live capital. You need to devise a trading system and you need to prove to yourself through backtesting and paper trading that the system will allow you to preserve your account equity and to steadily grow your account equity. Position Management will...

The guy is drowning and you’re throwing him an anchor. He doesn’t have a coherent, tenable trading system; he has no rational position management rules to speak of - and you’re telling him to scale :banghead: :vomit:

See my post above. No, you really don't. Seriously. Scaling wouldn't improve your trading system. Scaling will only hasten the demise of your account equity. You need a different trading system and you need position management rules. That work.

Scaling is a great idea for an advanced, profitable trader who is adding to a winning position. Scaling is a great idea for a swing trader who is taking a profit. Scaling is a great idea for a commercial producer with inventory to lean on. Scaling is a great idea for an institutional investor...

It makes no sense to be long NQ, short MNQ, and peel off MNQ. None. Nothing "hedged" about it TBH. The delta is exactly the same as trading MNQ outright.

Maybe back to the OP. I don't see a Biden Presidency as a net positive for the stock markets if that is indeed the topic we are exploring.

You are all bassackwards. First of all, S/R on 1 hour and 5 minute charts means very little. So fading S/R is a losing proposition with those timeframes. That is just a shit risk/reward strategy. Second of all, you have a strong up day with intraday price action making higher highs and...

Yep.

Pretty sad state of affairs when the choice is Donald Trump or Joe Biden. Sigh. What's my Yang Gang T-Shirt worth on eBay?

I was expecting a bit of a sell-off prior to Civilian Unemployment.

China has done a great job of alienating themselves from just about everybody it seems.