Total opposite for me, which doesn't make any sense at all. 2021/22 paid off my mortgage and then some, going both long and short. I need to figure out what stopped working since then.
ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
Total opposite for me, which doesn't make any sense at all. 2021/22 paid off my mortgage and then some, going both long and short. I need to figure out what stopped working since then.
So I s'pose what was supposed to be a "V" turned out to be little "M" (for "meh").
Still I'm quite optimistic about a reversal tomorrow. First, there was no follow through after Tuesday's monster sell off. Each day we've made a lower low but no significant sell off. Then there are the long wicks and tails, which only reinforces my view that bears are really pussies at heart. They have no conviction.
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I think you may get your “V” in the afternoon today, but I’m still thinking we continue going down and hit the 4350-4400 zone, just not today.
It’s happening faster than I anticipated though. I think we’ll bounce up this afternoon and hangout a little bit the next couple of days before we get down to 4400 and below.
Interesting. Let us know when you find out.
Simply, the reason I find it harder to navigate is due to the strong counter moves which tend to both stop you out and also make you think it may have been a bottom.
Tuesday's easy short is something else, but it's usually not that easy.
Where's @v-shape-0DTE? God knows we would have heard it if we were up this week.
Interesting. Let us know when you find out.
Simply, the reason I find it harder to navigate is due to the strong counter moves which tend to both stop you out and also make you think it may have been a bottom.
Tuesday's easy short is something else, but it's usually not that easy.
Off the top of my head, I never used stops back then. I would make a decision on whether to stop out based on the speed of the move. My assumption at the time was that if a move was too fast then it often reversed again pretty fast so stopping out wasn't worth it. The trouble with that, is my eyes had to be glued to the screen the entire time, which I am trying to avoid these days. Since then I am trying to trade higher time frames which works for a bit and then stops.
5410 on my chart, perhaps could happen todayy
SPX has the left shoulder another 20 points lower somehow.
I'm just gonna consider the last 3 days as 1 candle (rather than 2 small and 1 large candles), so we're essentially down from 5654 in just 2 days. It would be easier for my sanity.How's that sound?