inflation is so high now I can barely pay attention
All eyes on CPI data tomorrow
- Thread starter Innervoice
- Start date
Powell speaks next week. While the PCE wasn't bad and no wage spiral was showing up last week, there's was a whole lotta stupid shit in this report.
Just watch crude oil...
Here's what the people who "are going on vacation to wherever they want no matter what the price" is causing:
5's are above the 10's and 30's. 2's should be joining the 5's in doing the same sometime this summer. If you played the "buy the recession, sell the inversion," you were out in April.
You guys nailed it
Yup!! And we profited handsomely too!! FINALLY!! It's still ridiculous though the price dropped so much within like the last hour. That's the big money taking out the bulls for sure.
The bulk of the selling/move happened in pre-market, combined with yesterday's closing downward pressure price.....and further combined with everyone talking about the negative number all week long already.
I knew/guesstimated today early on would be a lingering, hovering, down'ish overall, flat bar of a chart. Greater precision, and a small profit, required. There are other details and variables considered too, but I don't want to give away everything in my trade process analysis expectation.
Capturing, realizing, the move of the day is a beautiful, poetic, artistic, magical process. If someone can trade well...it feels like being a wizard, gently waving his hand at the ATM to cough up cash, while other people attempt to use blunt force with a crowbar.
I knew/guesstimated today early on would be a lingering, hovering, down'ish overall, flat bar of a chart. Greater precision, and a small profit, required. There are other details and variables considered too, but I don't want to give away everything in my trade process analysis expectation.
Capturing, realizing, the move of the day is a beautiful, poetic, artistic, magical process. If someone can trade well...it feels like being a wizard, gently waving his hand at the ATM to cough up cash, while other people attempt to use blunt force with a crowbar.
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Well, I'm not a f'n Complete, certifiable, Prophet. I'll be the first to admit I'm human, and I'm wrong sometimes.
The best anyone can do and hope for in attempting to trade the market is to make a vague, general, hypothesis of your assumption of the market future movement, chart line.
Then wait patiently...for when you think is the ideal or around right time to place that buy judgement call, and sell judgement call. I knew to buy around 9:55 and sell around noonish for the S&P.
I don't lag and brag, I made that market movement assumption in my mind premarket...which is what exactly happened in the day. I'm just being open about it now to reflect and process. Reflection, processing, even meditation, and clarity of mind are vital in trading. Learn to ignore all the hype, voices, and evil energies out there. Evil and negative energies are a real thing.
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I'm a day/intraday player, only. I don't do overnight, premarket, aftermarket, days trades.
I place one trade per day. My aim, goal, is to capture that one, obvious, main move on the chart. The key are options. That's where the true magnification, leverage, explosion comes into play.
Not going against the trend of the day.
The explosion was the drop. Not the hiccup that followed.
Today wasn't considered going against the trend. I knew, premarket, the general market would slightly dip and hover below there for the day. Neither completely falling further down deep, nor climbing up.
You're trying to cross to the other side of the field that has land mines on it....if you attempt to trade, analyze, gamble, predict and place trades premarket, aftermarket and overnight. Way too erratic, and short and light on volume.
You're analyzing today's trading day too much, as an example right now. Don't worry too much about big, stupidly vertical, moves premarket. The real reward is being able to do this relatively consistently day in, day out, during normal, classical, traditional trading hours.
The real reward is the trade process, the movement of the chart line. Not one-time, earnings or news or economic report releases.
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