bought 36.50, stop 666
ES Journal - 2019/2020
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bought 36.50, stop 666
stop 666 ?..hahaha
This is all @fibo_trader and Polenta covering that SPY short.
One of the most bullish conditions, imo ... when a rising wedge breaks up pros view it as an ascending base of accumulation, not ditribution.
We had an intraday version of this phenomenon earlier today ... you can read all about it in my my book What to Expect When the Least Expected Happens, coming to an internet cafe near you no time soon.
Means I bought small and trying to scale in ... another small buy at 35.25 if I can get it ... one more below that ... then if I have to I just send a market order to take my hit.
got it..thought the 666 was joking..?
A week early but there it is. XLK just hit an all time high and took everything with it.
Can't say I didn't warn ya B1.
It is lol ... but I use it to indicate that I'm not running my usual 2 point stop ... scale in trade ... I do it for journal integrity purposes.
10/4
strong! NQ printing new highs - leading..really impressed with conviction here..
We're up 26% off the 12/24 lows. Do you really think we are going to drop 26% from here and then continue down? Really? Not without one of Kim's nukes landing on Tokyo, and you can't predict that kind of event now can ya. As grandma VZ used to say... sometimes a man needs to know when to just.... stfu. Wise old bird that one.
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Bear market rallies
During a bear market rally, stock prices will usually climb between 10% and 20%. Bear market rallies can last anywhere from a few days to several months, but overall, they tend to be fairly short-lived. It's easy enough to confuse a bear market rally with an incoming bull market, as both are periods where stock prices rise. The difference, however, is that bear market rallies are far more fleeting, and they're almost always followed by periods of further decline. The stock market crash of 1929, for example, was followed by a brief bear market rally, but that rally was followed by an even deeper crash that ultimately led to the Great Depression.
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