Anyone buying this little dip?

Quote from pumpanddumper:

Yes, monster pussy I was again for not averaging down at $47 last week at 13,800 DOW.

Played a little DDM too.

Flipping qqqq and qid sometimes.
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same here, didnt avg down myself, but noticing today that gettig out above 52 was good enough, also own DDM myself.
 
This is just like august 16th

Shorts don't realize how much more upside there is gonna be in the coming weeks

Everything is rebounding this is gonna be huge

economic perpetualism still lives

this bull market will continue for many more decades
 
Quote from stock_trad3r:

If the trend is so obvious why do you need to worry about stops? :confused:
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The trend was down for most of the day. How did I know that? Simple: lower highs and lower lows. I kept shorting rallies until that changed, and then I started buying.

Stops serve many purposes. They help a trader enter a position so as to be a part of a newly developing trend. If the lows stop getting lower, and the highs start getting higher, that is a sign that the downtrend is over.

They also help a trader lock in profits (trailing stops) or limit losses in an existing position.

Yes, sometimes I am wrong (so are you--as we all are).

I am comfortable enough in my ability as a trader to acknowledge that sometimes, I will be wrong. Stops help me stop being wrong.
 
Quote from Sobieski:

stock, just to clarify....once we hit DOW 12,800, you will cancel your account?
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i will cancel my account if we enter a bear market. Long long way off.
 
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