ES Journal - 2021/2022

Laissez Faire said:
Does it now...?

Not sure I agree with that view or if it's one that's useful to have, although I know it's a common one.

I would rather say that the market is a neutral facility. Any pain inflicted is done by the trader himself.

Or what say you...? :)
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If many more traders lose than win (can we agree to this?), money ultimately flows from the many to the few. Therefore the crowd is usually wrong and they tend to have the most conviction at the turning points, from my own observations. And I've been in that crowd many times..... Have you noticed this?
 
mervyn said:
They already foretell 75 and 50 in the next two meetings. Whether it is priced in some I am not sure. But rate goes up, growth stocks like TSLA will go down, it is already halved.
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Raising the Fed rate from 0% to 4% (400%) is more dramatic than, say, from 4% to 8% (100%), wouldn't ya say? Not that it will go up as high as 8%. If that would ever happen, there will be riots all over the world and our beloved Fed Chairman will be facing a firing squad.

One more, I think Powell will get replaced after the midterm election.
 
schizo said:
Raising the Fed rate from 0% to 4% (400%) is more dramatic than, say, from 4% to 8% (100%), wouldn't ya say? Not that it will go up as high as 8%. If that would ever happen, there will be riots all over the world and our beloved Fed Chairman will be facing a firing squad.

One more, I think Powell will get replaced after the midterm election.
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Yellen might but not Powell.
 
SunTrader said:
Why bankrupt them? Are longs, which btw if you hadn't noticed price is going against them not shorts, not subject to possible bankruptcy too .... if they over stay their welcome?

Stops, if used judiciously, ... stops bankruptcy. Long or short.
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The S&P goes up and to the right over time in case you hadn't noticed during your supposed vast tenure in the markets. If you want to make an argument for shorter periods of time - more specifically during heavy volatility or bear markets (much shorter than upward historical PA) then be my guest.

As an aside - im sure the vast majority of traders / investors use judicious stops. Clearly most market participants are well versed in risk management and are market millionaires.

Ultimately it was an eye roll remark in regards to someone thinking the fate of their trades / investments lie in the hands of the Fed - instead of learning to read charts and controlling their own success.
 
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