Catching a falling knife

[margin_gamble]

HELL is the destination for Dow Jones & BitCoin (going to 3k)

 

[nrstrader]

I pretty much only try to get long by catching falling knives. As opposed to what? "Don't buy low"?

"Don't buy low and wait for the knife to get hot so it is harder to hold"

The opposite of the falling knife is what scares me. The giant uptick green candle is what I am not trying to catch long.

 

[guest_trader_1]

There comes a point where you have to stop looking for validation from others for your trades. You've constructed a market thesis based on vague concepts presented as facts -
- 30% is enough for a bear market - is not statistics;
- Market makers are losing money, they must buy now - is not quantified ;
- Go long now! - if it is a good trade, why the need to persuade others to go long now;
- Enough is enough, this market cannot go down forever - it certainly can, but it can also move sideways for a decade;
- Buy crypto and you are safe! - Cryptos have been acting at least as bad as every other risk asset if not even worse.

Mohamed El-Erian: "The Fed will only pivot if a market accident occurs" - somewhere there is some other person that is saying exactly the opposite.

I wish you best of luck in finding your guiding light.

Your sarcasm detector is broken.

 

[Stratter]

Your sarcasm detector is broken.

It probably is. But then again, your sarcasm might not be that good

 

[grabien]

This information is not relevant for me

 

[guest_trader_1]

I pretty much only try to get long by catching falling knives. As opposed to what? "Don't buy low"?

"Don't buy low and wait for the knife to get hot so it is harder to hold"

The opposite of the falling knife is what scares me. The giant uptick green candle is what I am not trying to catch long.

The problem with catching falling knifes is that your FOMO might wipe you out from the market.

 

[MacBookProHo]

15% of the time, or 4% of the time, or 6% of the time,....catching a falling knife pays off in trading.
A trader just needs to be self-aware of the unique, current situation, expectations and assumptions for the trade moment.

Each and every trade requires, rather, precise execution and incision.
Well, I'm speaking from a day trading, options, perspective at least. Different people can have different styles, timeframes and instruments and perspectives.

 

[tradersmantra]

Let it fall down then pick it up.

 

[smallfil]

HELL is the destination for Dow Jones & BitCoin (going to 3k)


View attachment 296950

Wait till oil starts going much higher and the US strategic oil reserves to be totally bled dry by Joe Biden. Natural gas prices are going up as well. Now, they have to ship it by sea. Shipping costs for the natural gas should be substantial. The real fun is just starting. Extreme liberal media promoting the notion that Europe and the US are doing fine economically. Give it till January 2023. I see these hacks changing their tunes soon enough.

 

[margin_gamble]

Wait till oil starts going much higher and the US strategic oil reserves to be totally bled dry by Joe Biden. Natural gas prices are going up as well. Now, they have to ship it by sea. Shipping costs for the natural gas should be substantial. The real fun is just starting. Extreme liberal media promoting the notion that Europe and the US are doing fine economically. Give it till January 2023. I see these hacks changing their tunes soon enough.