Womp womp
ATTENTION....Tomorrows 7-13-22 CPI will come in below est.
- Thread starter Rickshaw Man
- Start date
Hedges coming off now
ATTENTION....Tomorrows 7-13-22 CPI will come in below est.
-NOPE!! Not even close. Both CPI and core CPI elevated but the market still went up so I guess these numbers don't matter anymore. Somebody is propping the market up like what many governments do to their markets and not let it fall. There is no way this kind of elevated CPI data would not result in a downtrend today because it shows that the inflation is not under control and there is more tightening ahead and there is a higher chance of a recession. The market opened much lower and was going down until at 10:10 AM it started going up.
Oh well as long as the end result is correct and you took the correct trading decision.
-NOPE!! Not even close. Both CPI and core CPI elevated but the market still went up so I guess these numbers don't matter anymore. Somebody is propping the market up like what many governments do to their markets and not let it fall. There is no way this kind of elevated CPI data would not result in a downtrend today because it shows that the inflation is not under control and there is more tightening ahead and there is a higher chance of a recession. The market opened much lower and was going down until at 10:10 AM it started going up.
Oh well as long as the end result is correct and you took the correct trading decision.
I was a bit early it seems, next month will come down. As long as crude stays below $100.00 things should cool off.
My position is fine though. Going to sit on it till Friday.
Damn, i went all in long ahead of the number, max leverage, based on your advice. You sounded so confident. Now i am broke
You have a lot to learn about this business. Always use proper risk management. This entire business of trading all boils down to risk management.
Funny thing is, had the call been right, None of y'all would have said a thing. Yet when someone puts it out there and fails, everyone loves it.
100% correct. Sad.
And you have to admit, the call was nothing more than a coin toss, with no credentialed or official knowledge, information, or reasoning, beyond a guess, or at best, an opinion, none of which a sustainable trading methodology/strategy, not even for you!
Better luck next time Mr. Beeks.
Because it was a coin flip. So why would we congratulate you if had you guessed it right?
We roast you instead to discourage you from making these silly calls in future.