A little less ego and maybe someone would be willing to help you with the short side trading. Just because you can't trade the short side doesn't mean others cannot.
ES Journal - 2012
- Thread starter Buy1Sell2
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A little less ego and maybe someone would be willing to help you with the short side trading. Just because you can't trade the short side doesn't mean others cannot.
I am long UPRO over the weekend. I believe a bottom is imminent. Wish me luck! 
Quote from failed_trad3r:
I am long UPRO over the weekend. I believe a bottom is imminent. Wish me luck!
I found trying to pick a long time frame bottom / top is very difficult to do. I also have learned that I should trade what I see and not what I think. Trading what one thinks involves emotion imo. Emotions and trading are like oil and water.
I hope it works out for you. Good luck.
Swing trading long in a daily bear market... Lots of balls. Good luck. Be careful being a hero man. Hero's go down in flames in the stock market.
While I am starting to watch for a short term bottom around 1324 in the next couple weeks... I am not exactly holding my breath for it. Neither am I expecting much upside.
This market is broken and within a few months everyone is going to realize it's just like last summer again.
Just look at a Weekly/Monthly chart. You don't even need technicals to see it. Plus theres the fundamentals. The fed twist program is ending in June and everyone is running over each other trying to get out before it ends.
While I am starting to watch for a short term bottom around 1324 in the next couple weeks... I am not exactly holding my breath for it. Neither am I expecting much upside.
This market is broken and within a few months everyone is going to realize it's just like last summer again.
Just look at a Weekly/Monthly chart. You don't even need technicals to see it. Plus theres the fundamentals. The fed twist program is ending in June and everyone is running over each other trying to get out before it ends.
Quote from failed_trad3r:
I am long UPRO over the weekend. I believe a bottom is imminent. Wish me luck!
Quote from Laissez Faire:
No doubt.
That`s why I decided that if I am to be a technical trader, I don`t want to listen to news during the trading session. I don`t want to know the news or try to interpret them. The only thing I want to know is when they are released, because it may be a good time to adjust risk or stay flat. They may also be a game changer, but I just don`t know which direction.
I`ve seen the market do the opposite of what I expect based on news releases so many times that I eventually took the cue and stopped trying to make sense of it.
At least as a short-term day trader.
I agree, LF. Thanks for that reminder.
I struggled this week when I allowed what I "thought" about the market news to overshadow what I "saw" happening. There is no way to tell whether good news is bad news, or vice versa. It's all in the price, and the flow of supply and demand into and out of the market.
this post was in feb with spx around 1350,6 weeks later,apr 2, .let's assume the 200 day got over 70%,we topped out at 1422,the flipside of that adage is when they all get under or at 30%,who's left to sell,today .percentage of stocks above ....they are 20 day ma 34%, 50 day 35, 100 day 45,150 day 55 and 200 day 59,so we have some time left before they are all in the 30 area but the turn happened and the descent is in place
Even if the market goes down to 1320, it's only a 10% loss because it's UPRO. That's doable. I'm not crazy enough to long ES over the weekend.
Lets say it does go down there, a hard bottom will be formed (we can only go down so much). I can simply sell UPRO and long ES at that time. ES will allow me to make back my money and more.
Quote from keeptradin':
I agree, LF. Thanks for that reminder.
I struggled this week when I allowed what I "thought" about the market news to overshadow what I "saw" happening. There is no way to tell whether good news is bad news, or vice versa. It's all in the price, and the flow of supply and demand into and out of the market.
Damn right. Who knows what the players in force do or plan to do about the news. Maybe they sell the news or buy the news.
I`m pretty god damn drunk now, but you know what they say about bad news in a bull market.
Who cares...
long 44.5. trying something new with one contract.
flat 48.5....hmmmm
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