DOW 25K Today?

[Slartibartfast]

42 ticks on 10 contracts? You're rollin' in some dough! Nice trade.

It is a beeatch to build the capital to throw around larger cars but there is something magical about a thousand dollars appearing in a minute

Reality is one needs capital to be into a few instruments that are not excessively correlated with similar dollar value in contracts. That was the main thing for me to escape the boom/bust cycle. A lot like stock trading, you don't want your portfolio going off the cliff because you have too much in one sector and they all go against you one day.

On a good day you are positive balance on 5/5 futures instruments but usually the winner instruments outweigh the losers.

 

[Overnight]

It is a beeatch to build the capital to throw around larger cars but there is something magical about a thousand dollars appearing in a minute
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I hear ya'. I had been building up the courage (and funds) to graduate to more than 1 lot per contract month. I finally did it but at the worst possible time, and 2 cts is now killing me mentally on the unrealized drawdown dance.

 

[comagnum]

there is something magical about a thousand dollars appearing in a minute

That 'magic' is our brains dopamine - and the levels of it when trading exceed have been studied with MRI's Heroin, Cocaine, sex, booze, etc. When the dopamine is doing the thinking look out below.

Learning how to disconnect from the trading dopamine roller coaster is a key trait of the most successful traders.

 

[spindr0]

there is something magical about a thousand dollars appearing in a minute

It may be one of the most enjoyable experiences that one can have with clothes on.

 

[Slartibartfast]

there is something magical about a thousand dollars appearing in a minute

That 'magic' is our brains dopamine - and the levels of it when trading exceed Heroin, Cocaine, sex, booze, etc. When the dopamine is doing the thinking look out below.

Well I live in Colombia so I need a bit extra to get that high anymore

Have a good evening, done and off for a long Friday lunch.

 

[Overnight]

It may be one of the most enjoyable experiences that one can have with clothes on.

Nah, I think it would be going to a lottery regional office and having them hand you that huge check for *insert 9 figures here*.

 

[spindr0]

Nah, I think it would be going to a lottery regional office and having them hand you that huge check for *insert 9 figures here*.

I'm not sure that my healthy heart could survive that stress test. Since I'm a down to earth, reasonable guy, I'd settle for low 7 figure payoff. I'll leave the big fantasy to you...

 

[vanzandt]

Oils going up, building materials are skyrocketing, labor for the home-building trades is rising fast (no illegals), and the Fed is gonna have to dish out 3 rate hikes this year.

I'm gonna say we are near a top...at least until we get some Q1 earnings. This market is priced to perfection. Yea there's nothing on the horizon to bring it down (maybe Kim), and it could keep rising as new money wants to join (chase) the party.... but other than that.... north of Dow 25K is gonna need some serious animal spirits near term. Good time to buy a little gold maybe huh? Inflation is on its way I think.