Thank you.--pointing of order ----the thread began in Jan 2006.
ES Journal - 2019/2020
- Thread starter Buy1Sell2
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Continuing extremely long hier.
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I can't believe how some folks simply can not seem to grasp the most basic fundamental of trading, that being....TRADE IN THE DIRECTION OF THE PREVAILING TREND.
The FOMC with there magic money machine will not let the markets fall far. Will there be dips, Yes. Use them to get long and sit tight...It's not that freaking hard.
The FOMC with there magic money machine will not let the markets fall far. Will there be dips, Yes. Use them to get long and sit tight...It's not that freaking hard.
Looks like yet another all time high...so easy making free money.
Here, the biggest bs artist on the internet says:
"Opinion: The real Santa Claus rally won’t arrive until Christmas: Mark Hulbert"
https://www.marketwatch.com/story/the-real-santa-claus-rally-is-yet-to-come-2019-12-19?mod=home-page
"Opinion: The real Santa Claus rally won’t arrive until Christmas: Mark Hulbert"
https://www.marketwatch.com/story/the-real-santa-claus-rally-is-yet-to-come-2019-12-19?mod=home-page
Which f**king trend?
Even with a 90 + % win rate you can blow your account if you take that one big loss or trade without a stop.
If you bought the dip at the end of last year and continued buying it with leverage as a day trader, you probably would have blown your account and be broke by the time the markets rebounded.
Investing long term or saving monthly in an index is not comparable with trading with leverage.
Yesterday had the smallest RTH range since the 28th of December 2017. I expect volatility to pick up again next year.
It seems like most people are expecting 2020 to be volatile.
What if it won't be?
It seems like most people are expecting 2020 to be volatile.
What if it won't be?
Indeed, all so easy until that one dip is the start of a correction.
Today....
Exactly. That's why I can no longer swing the way I used to in NQ. Remember in my journal when I decided to get back in long around Sep 2018, after the Feb 2018 "dip" and after watching the markets recover nicely for 6 months?
Whoops! Right around Oct 2nd 2018, that next "dip" became a bear, just in time for X-Mas.
And what happens this year? Oct 2, 2019? It becomes a damned 10+% surge into the end of year. Q4 2018 and Q4 2019 are polar opposites. The past two Januaries have been major up months. Will Jan 2020 be another one? Third time in a row? At record highs? In a primary election year? *shrugs*.
My bias is long, because I have a strong suspicion we will have great Q4 earnings reports coming out in January. But I ain't going to swing it like I used to. I simply cannot trust the market to make sense. And God forbid either China or Trump changes their mind on Phase one of the deal, much less anticipate what is going to happen with "Phase 2."
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