Thanks but I've been doing this for 25+ years and yes going long today was 100% counter-trend.
You'll understand that someday.
Can I get an amen brother @Overnight.
All eyes on CPI data tomorrow
- Thread starter Innervoice
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You'll understand that someday.
Can I get an amen brother @Overnight.
Thanks but I've been doing for 25+ years and yes going long today was 100% counter-trend.
You'll understand that someday.
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Can I get an amen brother @Overnight.
Hey, maybe on a MacBook, what happened today is a "market would slightly dip and hover below there for the day."
I wouldn't know though, since my charts are PC-based.
That's exactly what I meant. I placed a bet, trade, conviction of downwards. Not against the trend of going upwards.
I bet both ways; some days down and sometimes up....Calls and Puts with options.
As I've said...I made a judgement call to place my bet around 9:55'ish....and sell around noon'ish in the S&P for today.
We're both talking about exactly the same thing. There is no contradiction here.
I placed a downwards bet. I pinpoint my bets...I don't just place a vague bet for the entire day.
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Let me chime in here,
Everything I said is true. During the Day hours ....the market Did, slightly, dip and hover and remain below there.
You are confusing Premarket hours as being part of the normal day hours. I trade day hours, only. My game and only concern is the Day.
Overnight, you should change your angry avatar from that Cramer push button...to wind chimes. See things from a different, gentle, earthly, broader perspective.
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You said:-
"I knew to buy around 9:55 and sell around noonish for the S&P."
That is a long call. Nothing both ways.
But have it your way.
I love these people who "know" what the market is going to do. There is more than enough money to be made just following what the market is already doing but these doofuses want to focus on the market is going to do. LOL.
Yup just interested in winning brownie points for posts of market clairvoyance.
After the fact.I disagree with your statement perspective.
If you just simply follow the herd wave...then there is essentially nothing to be had and gained.
To make money from the market... I mean real money, good money, actual money money....you have to 'know' what everyone else is basically naive and blind to. And that's where actually trading comes into play. Most, many, will lose attempting to do this...but there are some, rare, traders out there who seem to have an edge and come out on top for one reason or another.
Some people spend so much time with this trading activity....just to match the S&P's annual average, or just slightly above that. I personally call that a failure.
If someone will actively trade the market as part of their lifestyle daily....then they need to make at least a minimum of 100,000 year from all this activity. And not many people can honestly claim that, despite their best efforts and all their hard work.
George Soros said (paraphrasing): follow the market, except sometimes when the market is wrong.