please define dip.
tia.
if possible, explain it in terms of how I could avoid getting crushed near the date 10.5.18 which was the beginning of downtrend, where I expect it would of been better not to buy that dip as quickly as other dips.
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
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tia.
if possible, explain it in terms of how I could avoid getting crushed near the date 10.5.18 which was the beginning of downtrend, where I expect it would of been better not to buy that dip as quickly as other dips.
for instance, would 60 points (more or less?) be a good dip to buy the nasdaq 100 futures in the next few bar intervals? NQZ19?
Today.
or would the definition require additional conditions? btw, I favor the idea of additional conditions, such as an event that triggers other bots to think the dip is over, and (always that pesky incomplete definition), somehow includes a way to determine if price is at a favorable location. Meaning imo, better field position relative to a few moments ago isn't by itself enough to determine if current price is at (1 of the many?) sweet points ... u, i and others are favoring.
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"dip" is always a nebulous term, I pay more attention to people who call out specific price levels in advance. At the very least, it's a bit more honest. As far as this weeks "dip", especially in the Nas, that is more of a pre-earnings shakeout style dip. Markets tend to mean revert before the big earnings announcements (especially if they are stretched too far in one direction...better yet if they are down too much, since it's more of a one sided affair the past 10 years (2018 notwithstanding). That 7950-7960 level in NQ has been a magnet for days and days. Quick illiquid drops (bids pulled?), then the slow walk higher kills premium in both calls and puts until the binary move occurs (today).
These markets play out the same patterns again and again and again. Like Rickshaw alludes to, the biggest hindrance is thinking "its different this time".
These markets play out the same patterns again and again and again. Like Rickshaw alludes to, the biggest hindrance is thinking "its different this time".
And the ONE time you decide that this time it is NOT different, is exactly when you get wiped out. Q4 2018 was the perfect example.
I cannot imagine how many sad sacks got caught up in the "it is not different this time" thought process. Right until December 24th, 2018, when they blew out because they did not stop believing "this time it is the same."
I was one of those that got out before the final meltdown that started in beginning of November.
Don't listen to Rickshaw. He still feels there is zero risk forever going long. He must have millions in his account trading a few lots to have that attitude. Or...Maybe he doesn't actually trade outside of sim?
I don't put much faith in Rickshaw's honesty, and don't worry too much about who I listen to, I've been doing this off and on for quite awhile.
It was very possible to miss some of the 2018 correction and get back long well before the rally starting December 24th. Didn't require great timing at all to do very well on broad markets. In addition, numerous quality stocks have been essentially range bound or better since January 2018.
I doubt we will ever see a real market correction like 2000 & 2007. The FOMC will drop money from helicopters to prevent a real correction. REALLY SUCKS.
Why does it suck?
People still play the stock market for free money???
I thought Pat-Browns game was free money. I'm starting to notice the "free money" mantra is spreading.
I thought Pat-Browns game was free money. I'm starting to notice the "free money" mantra is spreading.