gap projects 2895..
ES Journal - 2019/2020
- Thread starter Buy1Sell2
- Start date
- Status
Certainly there are two kinds of traders: one trades the market with a flexible mind and take whatever opportunity the market offers; I recalled a great trader a few years back here and he made ton of money with very high win rate and he always had a mix of L and S everyday. On the other hand some traders seem to have a fix mindset and trade based on their conviction. When their conviction is wrong they not only lost a lot of money but suffer with reputation. The problem is the driving forces behind the market and the price movements are much huge and more massive factors and invisible than their puny ego and limited resource of their charting system.
Not all of us ... some like to make it easy on ourselves. Not sure why some keep posting short after short after short. Loser after loser after loser. Market is in an uptrend fueled by b-b-b-b-billions of professional money. No one at ET is going to stop them from buying until they are ready to stop buying.
From yesterday:
And I have a feeling we'll be cleaning this short out for you sometime today, B1 ... A 73 point hit? I hope you were trading a 10 lot of SPY and not ES.
I agree with your post and your sentiment. However, I think you see some guys here posting with HUGE ego's who think they are right, and once they have decided they are right, are incapable of allowing themselves to be seen as wrong. Second, I do not think one of these guy's is trading a charting or technical system.. They might think they are, but there is no chareting system you could apply to a daily chart of the S&P 500 right now and say the market is in a bear market. None.
As far as intraday, I go both ways in both types of markets. However, during a bull swing, most of the favorable opportunities for me are longs. I think I have three shorts out of my last twenty day trades. If this were a bear market, those numbers would likely be nearly flipped.
From March 13th. I honestly didn't think it would happen.... but thats what I drew on the 3 year daily.
Now we truly are in no mans land. The market is going to have to go up on its own merit.
A "show-me" market.
If not for the fact that he's had these journals for years, after my debate about yesterday's highs, I might be inclined to wonder if Izz is really trading. Yesterday's high at 15:40 and the 2 subsequent highs of equal value are pretty cut and dry. That and the fact that when Izz posts a chart... its always from Investing dot com, never from a trading software package. Who knows. Who cares... not unlike Fibs, its all quite entertaining. And NQ your calls and Speedos and a few others are always worth the consideration (before a trade) whether one agrees or not. At least for me.
Izzy's stubborness and unwillingness to change his tune even for a short period makes one question if there's an underlying agenda.
I'm looking even higher - 2929 ... and @cowf posted a target in the 2930's ... both posted to this thread last week or even a wee bit earlier. You were there early with call to 2850.
Amazing what one can learn if one just looks at a chart with no prior bias as to what the chart "should" be showing as opposed to what it in fact is showing.
I have a theory as to B1's real identity, but I dare not share for fear the Secret Service may not take kindly to me outing their boss. But the personality traits are so similar.
Oh wow... now you got me racking my brain as to who that might be.
Hmmm.
- Status