ES Journal - 2019/2020

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The BTDers just couldn't allow the market to close on a low. --This is not good activity though for a T day is it Vawl? ---Talk to you soon---
 
NQurious said:
Any ideas on what that was at the close on NQ? 20 points up and 35 points down in about 70 seconds or so? Gonna start calling her the Widow Maker
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Pull up a chart of Qualcomm inc... it jumped 20%+ in the last hour of trading. Could be that.
 
Buy1Sell2 said:
I'll continue to hold my swing short here.
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There's a downside to running a journal, which is proving to yourself and others one is a good trader.
It is difficult to lose face. Hence one can dig a hole for themselves.
In my opinion the best way to trade is react, not anticipate, greed is what often creates the trading anticipation, wanting in early in order to gain the most.
On hindsight, I'm sure Issy would not have placed a short, history has proven that, ES continues to grind higher.
To capitulate now would admit defeat, continuing to hold short increases financial losses.
Oh what a conundrum!
 
I monitor maybe 200-300 market bellwethers in USA and internationally.
At the moment USA healthcare and gold are indicating to be a defensive plays for the overall market and are weak (market bullish).
Copper, Iron ore, coal, mining, oil generally are strongish today, which is bullish.
Market is hesitant but not bearish, climbing a wall of worry.
If the shorts capitulate because of increased losses that will cause the meltup.
A meltup will be very painful, as holding shorts will get toasted, dumb money entering will get fried on the possible sudden reversal.
 
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