ES Journal - 2021/2022

[SunTrader]

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

Come on. Google isn't a value stock.

 

[Monobrowtrading]

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.

Wrong As F***.

 

[SunTrader]

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

Didn't you say that about META not too long ago?

Or am I confusing you with another poster?

 

[Master Pu]

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

Market actual bottoms can only be called in hindsight, so investors just start accumulating as prices fall. Difference is most prudent investors wouldn’t be investing on margin.

 

[Master Pu]

Didn't you say that about META not too long ago?

Or am I confusing you with another poster?

IMHO, META is a bargain buy, can it fall lower? Yes, so what?

 

[Laissez Faire]

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.

Would you be willing to share those channels?

I'm interested in implementing this. Not to trade on it, but just to have a general awareness of what's going on.

 

[formikatrading]

I still believe this is a bull phase.

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

 

[SunTrader]

IMHO, META is a bargain buy, can it fall lower? Yes, so what?

Think of it this way. A store is struggling to stay in business, so it lowers its prices. Then lowers them again and again and again. Maybe it survives. Not saying META is going anywhere.

But what the above example and META have in common is that not many buyers want what they are selling currently.

That should tell you something ... besides its a bargain.

No kidding a bargain ... to attract buyers.

$383 is ATH, wasn't it a "bargain" @ $283 and $183 and $153 and ... and ... ?

At some point I suppose it will be. Most savvy long term investors wait for some kind of turn. And if they guess wrong let their stop take them out. Then wait for the next turn.

Proper use of stops negates all that "might miss out" waiting for a turn.

Just my 2 cents.

 

[mervyn]

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

Until fed speech, we are still going up. Are you happy with 1% a day? Instead of 2%…

 

[DevBru]

Would you be willing to share those channels?

I'm interested in implementing this. Not to trade on it, but just to have a general awareness of what's going on.

The first one who tweeted the Alphabet earnings (at least from the one's i follow) was at 2 minutes after the hour, from Zerohedge, i also follow First Squawk.

A few others but those 2 usually are fastest.

If someone else knows some interesting channels to follow regarding fast market news, feel free to share.