After getting run over in the market today this video cheered me up.
- Thread starter Max E.
- Start date
After getting run over in the market today this video cheered me up, I no longer feel run down.
I also pried all of the "short" buttons out of my keyboard so i never get the dumb idea to short this market again.
I imagine this is what the market felt like during the "QE days" of 2013-14. Relentless, low vol churn higher, day after day after day.
Yeah really need to stop overthinking things and just buy, thats really all you should be doing in this market, buy when it looks ugly, buy when it looks good, buy on good news buy on bad news, it doesnt matter anymore, so many stocks defying gravity right now its just insane.
Gotten trapped so many times on shorts adding to them when they set a lower high, or a lower low, then they just suddenly rip up reverse and kill shorts, luckily up until today hadnt really gotten stubborn with anything on the short side, but today i sized in, and didnt want to eat my loss so i blew out my whole month, ahhh the joys of trading.
The main difference is that the charts look like they did 17-18 years ago but it was an entirely different market. Nowadays a good amount of back and filling, a sort of defy gravity feel. I imagine that the 2 years it chopped sideways trapped a lot of people who figured it would "pull back". Heck, I know guys who call the markets remarkably well (consistently) and they've been humbled by this.
Yeah there is alot of fund managers chasing performance right now, lots were light in equities then sold even move after Trump got elected, now the further it goes the more screwed they are, i think thats why so much trash is running, After 2 years of lackluster performance, you cant exactly go to your clients now and tell them you made nothing in this rip roaring rally, i think its just snowballing, till we get a blowoff top and they get crushed, buying just leads to more buying as the degenerate gamblers with loads of money chase performance.
And the Fed is right there in the middle of it. Bullard got this thing running in earnest a week ago (right around the time ES was testing 2300). Of course, there was already an indication that we'd be back in the "no rate hikes" one month (then we might raise next month) stuff just like last year. Same old tricks.
Yeah market looked like it was going to break down yesterday, then just started ripping right after yellen was done speaking.
I heard a bunch of people talking 2350 a year or so ago...I remember when were in the 1800's thinking "maybe, but probably not". Seriously 550 pts in 1 year. Aside from the one day events (Brexit, Trump), not much downside to speak of that entire ride higher.
I don't like saying this, but all it takes is one bad terrorist attack on a large protesting crowd and these protests would stop immediately...I think.
Isn't this what terrorists desire for an attack...large numbers of people, easy access, and large media attention. JUST SAYING.
Isn't this what terrorists desire for an attack...large numbers of people, easy access, and large media attention. JUST SAYING.That video was wonderfulAfter getting run over in the market today this video cheered me up, I no longer feel run down.
I also pried all of the "short" buttons out of my keyboard so i never get the dumb idea to short this market again.