ES Journal - 2021/2022

[Master Pu]

If we fall below 44, I think we will nosedive. Ya better get your smelly bear suit on just in case.

Earnings aren’t over yet, we won’t be dropping yet, discount will be bought.

 

[schizo]

And this is why it's always a good idea to follow financial news. Not necessarily to trade on it, but then at least one knows what's going on and could react if in a position and turning against you.

I just have a Twitter application on my desktop on which i follow a few channels known for placing market related news.

Nothing fancy, but sufficient to know reasonably fast what's going on.

The problem is that, by the time you are aware of what's going on, it has already printed on the chart. You would never be able to react soon enough. Hence it's better to stick with the chart alone because the news is ALREADY FACTORED IN THE PRICE.

 

[Master Pu]

Any drop in value stocks like Google is not bad, but the opposite, mentality of an investor is probably the opposite of a trader, the more the deviation from the ATH, the better the investment opportunity as bear phases are temporary.

Before anyone slams this, I did say value stocks, not shite

 

[mervyn]

Earnings are expected to miss like last quarter, all eyes on Fed pivot next week.

 

[DevBru]

The problem is that, by the time you are aware of what's going on, it has already printed on the chart. You would never be able to react soon enough. Hence it's better to stick with the chart alone because the news is ALREADY FACTORED IN THE PRICE.

That's why i said: not necessarily to trade on it, but then at least you would have known why it dropped like it did and might have exited earlier instead of adding on.

Especially with earnings and other pre announced news events, if it was already fully factored in it wouldn't have dropped like it did just now.

 

[schizo]

Earnings aren’t over yet, we won’t be dropping yet, discount will be bought.

Considering that we've already had 3 days of rally, I don't think there's much juice left to carry this market higher, especially with the disappointing earnings from a company as big as Google.

 

[schizo]

Any drop in value stocks like Google is not bad, but the opposite, mentality of an investor is probably the opposite of a trader, the more the deviation from the ATH, the better the investment opportunity as bear phases are temporary.

Before anyone slams this, I did say value stocks, not shite

Man, this ain't no bull market!

 

[Master Pu]

Considering that we've already had 3 days of rally, I don't think there's much juice left to carry this market higher, especially with the disappointing earnings from a company as big as Google.

As per my last post, lower price for stock like Google is a bargain.

 

[Master Pu]

Man, this ain't no bull market!

I know, yet any bear phase is an investment opportunity.

 

[schizo]

Earnings are expected to miss like last quarter, all eyes on Fed pivot next week.

Yes, but until then expect this market to drop. By how much, who knows.