ES Journal - 2023/2024

my friend! you be very happy when your AMP platform get frozen they dont pick up a phone and open profit position they just over turn in big loss? That is normal ,,happy,, situation with AMP .
My other trader withdrawal money from AMP and they just lose a litlle fund for $500 ....just wiped out...after a while they call him and said they dont know nothing,,,.
Do you need name time and amount when this happen?.... ...
Mister!! you are just lucky they dont wipe your money.Possible you made a lot of r/t then they respect you..
Myself when I call to AMP men without clue try to figure out how his platform work.People from street work there....Scale 5 to 1 ....0 level technical support...
Get you pink glasses out from your head, be real!
FXCM was big reputable company before USA ban them forever when figure out they are Crook..
 
Master Pu said:
AI is skyrocketing, paralleled by a surge in share prices. Ultimately, the important question is whether you've taken the investment plunge or not, everything else is mere chatter. Indices like the NASDAQ are merely diversions - something more people should realize with time. We're only seven months into this bull market, which is predicted to last several years, promising more dramatic fluctuations in stock prices. It's crucial to align ourselves with the majority of profitable movements, while acknowledging that we won't always be successful. Navigating this chaotic market requires a bit of madness. Knowing what information to pay attention to and what to disregard is a subtle art.
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What do you mean by "Indices like the NASDAQ are merely diversions - something more people should realize with time."?

Knowing what information to pay attention to and what to disregard is a subtle art.
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100% agree.

What's your take on this, though? Meaning, what do you pay attention to and what do you discard? Or is that merely a subtle art that you're not able to define?

I'll offer my take without having been asked, but my simple process have been reduced to pretty much listening to nobody. Even those that are really good will be flat out wrong at times. So, listening to people beyond the development phase where you work out your own methodology can be costly and even flat out stupid.

Yesterday's rally may have been crazy or even irrational from a fundamental view (what do I know), but from a technical viewpoint it was a strong trend day higher where you would have been paid handsomely buying the open and any dips that followed. And using price history as a guide - yesterday have happened so many times in the past and is really not anything new, although I saw a lot of people yesterday in disbelief.
 
Yesterday, NQ filled a gap from the 8th of April last year. The high of the week was at + 7.25 % net change and closed at + 6.98 % for the week. Incredible.

In comparison, the high of ES was at + 0.41 % for a close at + 0.21 %.

Anyway, for the last year or two the pattern in the market have been to suck in late buyers at the highs where the market seems incredibly strong and suck in sellers near the the lows when the market looks like it's going to plunge.

I'm not going to predict or fade anything, but it's worth noting that the market can often appear incredibly strong near short/medium term tops in this market only to reverse lower in the coming weeks. For example the 2nd of February this year.

At one point, the market will actually break out and continue higher, but are we there yet? I've no idea, but it seems to me that the conditions for a new bull market may not be in place just yet.

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Feds in trouble. The idea behind rate hikes was to hit asset prices hard like stocks and housing .Take money out of peoples pockets so they felt poorer and spent less .House prices near all time highs up 35% in last 3 yrs. We gave back only 1/2 the gain of 1 yr (2021) of a 13 yr bull mkt. All this in the midst of rates going from 0 to 5%. P/e’s should have contracted substantially based on rates skying . Earnings have been flat at best. Wall streets trying to pull a rabbit out of their hat exciting all with Ai hype. I’m surprised with real competition of 5% safe cd’s and trillions moved into higher yields the mkts done so well.But that’s what the mkt does is surprise most.Looks like rates will have to go higher .
 
SammyJ said:
Feds in trouble. The idea behind rate hikes was to hit asset prices hard like stocks and housing .Take money out of peoples pockets so they felt poorer and spent less .House prices near all time highs up 35% in last 3 yrs. We gave back only 1/2 the gain of 1 yr (2021) of a 13 yr bull mkt. All this in the midst of rates going from 0 to 5%. P/e’s should have contracted substantially based on rates skying . Earnings have been flat at best. Wall streets trying to pull a rabbit out of their hat exciting all with Ai hype. I’m surprised with real competition of 5% safe cd’s and trillions moved into higher yields the mkts done so well.But that’s what the mkt does is surprise most.Looks like rates will have to go higher .
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You really are clueless about what the Fed mandate is. At no point was the goal to hit stock or home prices hard. All this conspiracy shit some of you believe in is pointless. Why on earth would rates have to go higher ?
 
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Nine_Ender said:
You really are clueless about what the Fed mandate is. At no point was the goal to hit stock or home prices hard. All this conspiracy shit some of you believe in is pointless. Why on earth would rates have to go higher ?
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Dude your in la la land . The freakin stk mkt has been the levers of the economy for 30 yrs . When people feel rich they spend more money. And spending more money is the last thing an economy at full employment needs . Means even more inflation coming .The fed has used the mkt to control the economy going back to Greenspan .
 
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