Be very careful tomorrow guys
- Thread starter derektrader
- Start date
The reason i made this call 2 days ago and not 2 weeks ago is because i clearly see troubling signs. I also see many stocks selling off on good earnings and guidence.
you have lots of things to learn.
I have made millions of stupid foolish mistakes before.
So I know what is in your mind.
your trade plan should factor in the fact that market cannot be predicted.
we don't need to be careful.
we just need to have clear mind, be disciplined, be alert, and be confident with our trade plan.
always come to trading desk with positive mindset ;
everyday is a great trading day !!!!
day traders will never think tomorrow the sky will fall down !!!
because everyday is a great trading day.
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lol you're down 100 NDX since you called it. Good work, Lyle.
Pullbacks and retracements are not to be feared. It is part of the normal market reaction. Like a roller coaster, it goes up and down. Common sense tells you, since, we have had a couple of days in pullback from the market indexes, the next move is up. The same applies to individual stocks that have pulled back. Next move is up. Stock trading is a game of patience. If you do not have any patience, all your decisions will be wrong.
I do the exact opposite : I always assume that today all my trades will be losing trades and plan my stops and position sizing accordingly.
Protection of capital must always be our top priority.
Did someone mention X-Mas in August?!?
Gawd I miss the 80s. (Look at the size of the "cellular phone" he pulls out. The old Motorola banana, lol!)
I remember Crazy Eddie.