Correction coming, or crash?

[ChipShotTrader]

My performance on my account since October 31st has been massive ( +67%, on the entire account. no leverage required ). When one swing trades sometimes highly volatile stocks, one of the main attributes to successful performance is limiting the downside along the way. This is important in trading and investing, maintaining perspective.

I guess then I am doing quite well (massive). But I am not a swing trader, I am a futures day trader. And that's what works for me...

 

[Nine_Ender]

I guess then I am doing quite well (massive). But I am not a swing trader, I am a futures day trader. And that's what works for me...

I never said you might not be a great trader. All I did was point out you had irrational exuberance on the downside a few weeks ago. I just think it's funny how many traders get into a mindset that something new or incredible is happening when I feel like I've seen it all before. Different strokes I guess. Good luck doesn't sound like you need it.

 

[CopperOverGold]

No s&p alarm bells


flatline in lows

 

[ChipShotTrader]

I never said you might not be a great trader. All I did was point out you had irrational exuberance on the downside a few weeks ago. I just think it's funny how many traders get into a mindset that something new or incredible is happening when I feel like I've seen it all before. Different strokes I guess. Good luck doesn't sound like you need it.

My "irrational exuberance" was triggered by the thread's title (and quite possibly by my Economics background). And it was very short-lived (as in 2 days, May 12th-14th, which is an eternity to me), as I realized that I am a day trader, not a portfolio manager or swing trader, and corrected my view (bias) accordingly and immediately, and was then free to profit from very nice ranges. My only perspective is to be flexible, and bias-free.

PS. Luck always helps...