Be careful today- could be a big reversal to the down

SimpleMeLike · Aug 18, 2020

KCalhoun said:
Really interesting reversal this morning, looked like a news related drop then full recovery, hmm wtf

Me and you only know how to day trade day to day. Well you do, me not so well. interesting day.

derektrader · Aug 18, 2020

I was 100% correct for exactly 1 hour.
Seriously, i stand by what i said to “ be careful”. More careful than normal.

noddyboy · Aug 18, 2020

derektrader said:
I was 100% correct for exactly 1 hour.
Seriously, i stand by what i said to “ be careful”. More careful than normal.

Be careful is not a trade. Or if it is a trade it means sell which is wrong.

bone · Aug 18, 2020

True genius.

Again, I ask of you: "where is the path of pain?"

derektrader said:
I was 100% correct for exactly 1 hour.
Seriously, i stand by what i said to “ be careful”. More careful than normal.

BlueWaterSailor · Aug 18, 2020

bone said:
Where is the path of pain in the markets?

With every retail and their granny leveraged out to the max and scrimping on breakfast to buy calls, that's an easy one. And when it comes, it'll be as rough as 40-grit sandpaper in place of Charmin. The only question is when.

maxinger · Aug 18, 2020

The problem with investing is that investors (and politicians ) fear big reversal down.
Traders don't fear that. In fact, traders welcome that.

So very important to know how to day trade.
whether market continue to go up or down,
or market reverse direction,
traders can earn $$$.

noddyboy · Aug 18, 2020

maxinger said:
The problem with investing is that investors (and politicians ) fear big reversal down.
Traders don't fear that. In fact, traders welcome that.

So very important to know how to day trade.
whether market continue to go up or down,
or market reverse direction,
traders can earn $$$.

What is a reversal?

maxinger · Aug 18, 2020

noddyboy said:
What is a reversal?

market change direction or market make U turn.

Take for example yesterday NQ.
first 1 hour when US stock market opened, NQ went down.

subsequently price reverse direction, and price went up.

Overnight · Aug 18, 2020

maxinger said:
market change direction or market make U turn.

Take for example yesterday NQ.
first 1 hour when US stock market opened, NQ went down.

subsequently price reverse direction, and price went up.

It did it again today. Frikin' NQ.

socool · Aug 19, 2020

maxinger said:
we are careful everyday.
we don't bother whether price is going up or down or up and down.

and we are perfectly OK with continuation and / or reversal signals.

Bingo.
But thanks for the headup, tho.