ES Journal - 2019/2020
- Thread starter Buy1Sell2
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I take it back then, my apologies.
lmfao.
Imo every trade is a gamble, even GS with super computers, super data, HFT, you name it.
Every trading session has losers - losing trades, not talking about loser people.
Losing is part of trading, if someone can't accept that gambling is exactly the same.
Another similarity is the addiction, trading gets you hooked. All smart experienced winning traders are hooked, addicted to trading, if they weren't they wouldn't be where they are. Trading involves huge commitment and attention.
Where many get hung up with 'gambling' and 'addiction' is the common perception of dropout people, alchoholics, druggies, casino crowd who have no edge, lotto players, slot machines.
Those people are brainless, but I wouldn't call dedicated traders brainless even though imo they are gamblers and addicted to the game.
Another thing, trading often brings self awareness and stretches the brain to think.
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So, back on topic.
Last week was a consolidation of sorts and we should either see an (attempted) reversal lower or continuation higher. Any takers?
I checked my weekly model (which was incorrect last week) for similar 2-Week patterns (a strong up week followed by a weaker week) and it's not particularly bullish (63 % chance of a positive Close).
So, maybe another week of consolidation or even a leg lower.
No strong opinion on my end for the week ahead.
Last week was a consolidation of sorts and we should either see an (attempted) reversal lower or continuation higher. Any takers?
I checked my weekly model (which was incorrect last week) for similar 2-Week patterns (a strong up week followed by a weaker week) and it's not particularly bullish (63 % chance of a positive Close).
So, maybe another week of consolidation or even a leg lower.
No strong opinion on my end for the week ahead.
To use @Buy1Sell2 lingo - I think it's key for the bull scenario to take out 3500 and start floor construction in that area. 
The bear got smoked last Monday, but I think he's still around. Seems more likely with continued range bound action for a while and not a strong persistent bull trend (unless stimulus) from this point on, but that's just talking out loud and guessing to be honest.
The bear got smoked last Monday, but I think he's still around. Seems more likely with continued range bound action for a while and not a strong persistent bull trend (unless stimulus) from this point on, but that's just talking out loud and guessing to be honest.
You hittin' the Fosters down there you kanga-dingo?
Come on maaaan.
"There is and probably never was a pandemic."
egg-f'ing-zactly.
Gotta love ET.
Come on what?
If you put on trades randomly, then yes. But if your strategy has a statistically significant positive outcome (could be as simple as going long in ETFs in an average year), that is literally not gambling. (when the outcome is pure chance)
The correct sentence is though: Every trade is a prediction.
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