Friday morning NFP

[Mercor]

https://twitter.com/x/status/1489643363083161608

Joe hasn't created one new job...he has only fill existing jobs
If I fire you one month then I hire you back the next month ..that is considered a job created..but nothing was created

Joe still hasn't created any new jobs since 2019
At the end of 2021 he is still 5 million jobs behind

 

[SunTrader]

.... A few years later Obama bragged about how he made the stock market double....

LMAO Got a link?

I can provide you with dozens and dozens of new alltime record high tweet, tweets from our former Golfer-in-Chief who wouldn't have to time to play because he would be so sooo busy, when he wasn't watching Faux and Fiends or arranging insurrections.

Of course Biden or tRump or Obama or Bush etc have nothing to with the NFP. Yet it is comical when we change from D to R and back again, the flip flopping outrage flip flops. Always has, always will.

 

[formikatrading]

One of the tricks to this trading game is not to get memorized by the short-term noise.

 

[Nine_Ender]

One of the tricks to this trading game is not to get memorized by the short-term noise.

I had one of my biggest weeks ( up 9% entire account ). Some of the traders who locked into the crash/correction theories really got tossed around last two weeks; they totally lost a feeling for what was really going on.

 

[formikatrading]

Well done.

Good trading really requires you to put aside your biases and fears and just watch what is happening. And to that point, this is why I disagree with those who say price is the only thing that matters because the market was essentially "improving" below the surface over the last week of January despite price not making any headway.

I had one of my biggest weeks ( up 9% entire account ). Some of the traders who locked into the crash/correction theories really got tossed around last two weeks; they totally lost a feeling for what was really going on.

 

[Nine_Ender]

Well done.

Good trading really requires you to put aside your biases and fears and just watch what is happening. And to that point, this is why I disagree with those who say price is the only thing that matters because the market was essentially "improving" below the surface over the last week of January despite price not making any headway.

It tends to be an overly bearish sentiment on here at all times and I guess in the end trying to talk sense with some of these short tern traders is pointless. Every week can bring new catalysts but when the SPX turned a lot of these traders didn't even seem to recognize what was happening. All the talk about price action and charts and what I was seeing in almost everything was the exact opposite of what they were saying on here. Has to be a deep bias they can't shake.

If things change I react. When Nat Gas spiked up, I used it as an opportunity to exit some positions in trades I no longer liked. I had one position remaining on Friday, for some reason the stock opened up I sold it at a decent profit that would have been a loss by end of day. I still like Nat Gas companies longer term, but the short term volatility was too much I'm not going to fight it.

 

[formikatrading]

To your point, the bearish case is always the most "logical." Being bullish at the right time typically requires one to be counterintuitive and to act against the prevailing sentiment and news cycle.

It tends to be an overly bearish sentiment on here at all times and I guess in the end trying to talk sense with some of these short tern traders is pointless. Every week can bring new catalysts but when the SPX turned a lot of these traders didn't even seem to recognize what was happening. All the talk about price action and charts and what I was seeing in almost everything was the exact opposite of what they were saying on here. Has to be a deep bias they can't shake.

If things change I react. When Nat Gas spiked up, I used it as an opportunity to exit some positions in trades I no longer liked. I had one position remaining on Friday, for some reason the stock opened up I sold it at a decent profit that would have been a loss by end of day. I still like Nat Gas companies longer term, but the short term volatility was too much I'm not going to fight it.