Yeah, but you're still in red
ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
Yeah, but you're still in red
I am now again just. It flipped back up to above my entry point again in those last few mins. Only tiny positions though so down about £20 for now.
I would suggest you consider dumping and start over with a clean slate on Monday. Since the bears failed to bring the market lower all this week, we might gap up on Sunday. Just a hunch. (FYI 4120 is the upside target, hint hint)
I notice $VIX closed not really much higher than it did last Friday - 23.12 and had a rather sedate week other than Tuesday.
That's fair, but you could say exactly the same for the opposite case too. The bulls failed to take the market higher all week. Which I think is more significant given how easily things get bullish typically.
Tempted to hold on as so many stocks I track seem to look like they are about to break down.
Au contraire, my friend. They're only taking a breather (or more precisely, they're creating a trap for the bears
). Seriously, if I can give one advice it's this, don't try to predict what the trend might be, but see where the prevailing forces are setting up the traps.Au contraire, my friend. They're only taking a breather (or more precisely, they're creating a trap for the bears
I can get on well with that way of thinking. Tiny positions left in place already. Will keep an eye on thinks on Sunday.
Au contraire, my friend. They're only taking a breather (or more precisely, they're creating a trap for the bears
Theyve been tricking both sides for awhile
Particularly Dow, just feel the pullback is inevitable, but generally the holidays are not a good time to short.