ES Journal - 2023/2024

[Laissez Faire]

Stopped on the long for 3 points. No more trades until tomorrow.

 

[christhesquid]

Been trading for a long while, so nothing suprises me. I did share some comments on this when we hit 10% down earlier. It’s more uncertain from here, IMO. Lower looks plausible, but I was thinking we could hold up until end of August.

Been trading for a while myself. Lost money from 2008 through 2015. Just barely profitable since then.

What has happened over the past couple of weeks has been surprising to me.

 

[Laissez Faire]

Been trading for a while myself. Lost money from 2008 through 2015. Just barely profitable since then.

What has happened over the past couple of weeks has been surprising to me.

You mentioned real estate. One thing which helped me is to simply keep it technical and not let any thoughts of the economy influence me. As they say: the market’s not the economy.

Maybe it helps I’m not from the US.

For all I know it’s the Norwegian Pension Fund buying stocks at a discount.

 

[c1rcle]

Been trading for a while myself. Lost money from 2008 through 2015. Just barely profitable since then.

What has happened over the past couple of weeks has been surprising to me.

Well done for surviving for so long!

It's the depth of the drop now that is more surprising to me than the recent rip. It was such a huge pull back that I am not surprised people rushed to get back in. With all this talk of interest rate drops people need to get their cash into assets. This recent pull back just looked like a bull flag to me initially and now its gathered some pace.

 

[christhesquid]

You mentioned real estate. One thing which helped me is to simply keep it technical and not let any thoughts of the economy influence me. As they say: the market’s not the economy.

Maybe it helps I’m not from the US.

For all I know it’s the Norwegian Pension Fund buying stocks at a discount.

Working on it. I've pretty much accepted the fact that trading will most likely be a hobby as long as I'm showing a profit, as small as it may be, from year to year. Sure do love it, though.

 

[schizo]

There's a lot of major numbers on the docket for tomorrow. The market might brush NVDA under the rug and instead go with econ mumbers.

 

[christhesquid]

There's a lot of major numbers on the docket for tomorrow. The market might brush NVDA under the rug and instead go with econ mumbers.

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I still don't believe the inflation numbers really matter at this point unless they surprise to the upside. The Fed is going to cut.

I do believe bad news will be bad news going forward.

 

[schizo]

I still don't believe the inflation numbers really matter at this point unless they surprise to the upside. The Fed is going to cut.

I do believe bad news will be bad news going forward.

Yes, inflation was yesterday. Now it's all about recession so everything bad will be considered as bad.

 

[christhesquid]

Yes, inflation was yesterday. Now it's all about recession so everything bad will be considered as bad.

Nice thing is, the lower rates go, the more money I make selling mortgages.

 

[christhesquid]

Short from an average price of 5615.50 at this point. Stop is at breakeven.

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Adding on when/if/hopefully we fill this gap.