ES Journal - 2013
- Thread starter Trvlwanderer
- Start date
did you know a great deal of the sp500 gains come in afterhours?
markets reward risk takers
earnings
econ news
uncertainty
etc.
Quote from Laissez Faire:
You're the one with the ego here, Volente. I'm indebted to you for offering me guidance when I was greener than the grass over the septic tank, but that does not mean I'm not allowed to disagree with you now or that you could even learn a thing or two from me.
I could post a few paper trades, but I don't see what the purpose would be. If I offer my opinion about where the market is going in real time, surely that has to be more valuable for the forum and those reading?
I posted what I posted both as a reminder to myself and others reading, since I've learned that blindly fading a gap is a losing strategy.
Best regards.
You confuse ego with confidence
My point was it takes balls to sell when everyone is buying and vise versa
Ego is what keeps one afraid of being wrong on the trade
Even if you are a trend trader your entry is contrarian as you buy weakness or sell strength
75% of the time fading a gap is profitable
The other 25% is what a stop is for.
Paul Tudor Jones is a contrarian trader
You think that is just coincidence ?
I apologize for being an ass in the previous post
The hafez said
Money never sleeps
