ES Journal - 2019/2020

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These little retrenchments are nothing
Well, you got to take what the markets give... if you are buy the dip trader, buying y'day dip could have given you 50 or so S&P pts, is that too small for you?

If 50pts is nothing then I guess you took the whole of 2017 off as 5 to 6 pts in a day was all the market gave all year. Do the maths, even a market that crawls all year, a buy and hold investor gaines on average 500pts on the year, a trader that takes 5 or 6 points every day can triple that. so even 5pt move is not "nothing". Besides, you can scale... if you want 50pts profit on a near flat market then do 5 contractracts at once. If you're waiting for the 100pt dips to tade, you might well be buying into a correction unless a black swan caused the dip (a TA signal might not differentiate between the 2)
 
Rickshaw's absence in Q4 2018 was well-timed, no reason to give him guff about it. He learned his lesson from Q1 2016 when he tried the gimmicky overnight magic trades and market was in a similar acute decline.
 
Rickshaw's absence in Q4 2018 was well-timed, no reason to give him guff about it. He learned his lesson from Q1 2016 when he tried the gimmicky overnight magic trades and market was in a similar acute decline.

Wise people talk less, are silent more, and listen more than those lacking wisdom.
 
Some wouldn’t know a bear from a tomato.
Let's call it a snake market... it sneaks up on you, gives you a hell of a bite, then stares at you in defiance.

or

A fox market... can outsmart you every time with its quick moves
 
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