Because you can be bullish on lower time frames
ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
Because you can be bullish on lower time frames
jmho here...but there are days when its better to just sit on your hands and do nothing, unless you're really really, really good. The last 2 hours today fell into that category.
Don't trade for the sake of trading just because you're sitting in front of, or staring at, a screen and you think you have to for some reason. Let the trades come to you.
Again... jmho
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~vz
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Don't worry, the trade came to me in the morning and stayed all day.
I don't think this is a fair assessment (sorry, don't mean to rub it in
). First, you write like a day trader and yet you post a yearly chart to make your point. That's called "non sequitur".Be that as it may, you can't neglect the fact that there were huge corrective waves in between the selloffs. Take June to August for example. You would have been absolutely crushed had you stuck with your shorts. I bet a lot of permabulls lost their shirts thinking it was going to be a quick dead cat bounce.
In principle, I have nothing against the permabears. I even consider myself one. There's no doubt this market has been frothy for too long and any correction is warranted. But to blindly go short, no matter what the consequence, is not only myopic but frankly suicidal in the end.
I am a day trader only. Is there something wrong with posting * someone else's * point about the long term trend in this topic as a general interest?I don't think this is a fair assessment (sorry, don't mean to rub it in
Be that as it may, you can't neglect the fact that there were huge corrective waves in between the selloffs. Take June to August for example. You would have been absolutely crushed had you stuck with your shorts. I bet a lot of permabulls lost their shirts thinking it was going to be a quick dead cat bounce.
In principle, I have nothing against the permabears. I even consider myself one. There's no doubt this market has been frothy for too long and any correction is warranted. But to blindly go short, no matter what the consequence, is not only myopic but frankly suicidal in the end.
I can't speak for you but I certainly pay attention to what happens outside any particular trading day.
As for someone going short no matter the consequences see Overnight - oh wait he did the opposite.
edit: just because I have a bearish bias in a umm bear market doesn't mean I don't go long at all on up trending days. Yesterday I went long twice with NQ.
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Closed out shorts, not bad this year with YM.
Let's see if the head lines would print a SPX bear year officially.
no particular news, people are dumping to close the position m2m. i just closed a little bit early, otherwise 1 grand extra for me.