Gotta love ZERO RISK in the SP500 = $$$

Deez said:
Biden looking strong so far and the market likes it. Can’t overlook this stuff

...I edited my previous post to mention that the daily trend is still up.


Who says you can’t get good advice on this site. I keep rolling it out. :D
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Mmm, NO. On Monday the Dow closed up 1000 points green. On Tuesday it closed down like 800 points red. Today it closed 1000 points green.

This is not a daily trend, this is a Cuisinart munching the brain of a trend follower.

I just went through a 1400-point swing in less than like 30 hours to get out with a smallish profit on the MYM with a long. This is not a normal trend I can tell you!
 
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Overnight said:
Mmm, NO. On Monday the Dow closed up 1000 points green. On Tuesday it closed down like 800 points red. Today it closed 1000 points green.

This is not a daily trend, this is a Cuisinart munching the brain of a trend follower.

I just went through a 1400-point swing in less than like 30 hours to get out with a smallish profit on the MYM with a long. This is not a normal trend I can tell you!
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Hey man, we can split hairs if you’d like. The daily trend is still up. I never said anything about buying a break of yesterday’s high. I said to get on board 1000 points ago risking the Sunday globex open price level or to hold tight for swing traders. I don’t see any other posters saying go long after yesterday’s close.

My profit target remains a break of the 2/24 high (partial gap fill).
 
Overnight said:
Mmm, NO. On Monday the Dow closed up 1000 points green. On Tuesday it closed down like 800 points red. Today it closed 1000 points green.

This is not a daily trend, this is a Cuisinart munching the brain of a trend follower.

I just went through a 1400-point swing in less than like 30 hours to get out with a smallish profit on the MYM with a long. This is not a normal trend I can tell you!
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AND at least you held on! Don’t make it a habit. :rolleyes:
 
tiddlywinks said:
ES was an inside day.
YM was an inside day.
RTY was an inside day.

Don't lose sight of facts.
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The facts are an inside day is considered continuation and a long bias would have served you quite well!

Look, I’m not trying to come across as a demi god. In fact, I’m trying to drowned out some of the hacks and as a PSA reminded traders that the trend was still up from Monday because it doesn’t happen too often after an 800 point down day!
 
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Not interested in arguing. There is no point. As for a long bias, I do my best to leave bias trades to others. That seems to work for me, both ways.

Your "consideration" of an inside day is misguided according to many sources btw. Here is one such source...

"Inside days can be indicative of indecision in the market for a security, causing little price movement relative to the previous trading days. However, when several inside days occur consecutively, there is a higher probability that the stock will soon break out of its trading range, as a continuously dwindling price range is unsustainable. How it breaks out, though, cannot be determined solely by candlesticks showing inside days."

https://www.investopedia.com/terms/i/inside-days.asp
 
tiddlywinks said:
Not interested in arguing. There is no point. As for a long bias, I do my best to leave bias trades to others. That seems to work for me, both ways.

Your "consideration" of an inside day is misguided according to many sources btw. Here is one such source...

"Inside days can be indicative of indecision in the market for a security, causing little price movement relative to the previous trading days. However, when several inside days occur consecutively, there is a higher probability that the stock will soon break out of its trading range, as a continuously dwindling price range is unsustainable. How it breaks out, though, cannot be determined solely by candlesticks showing inside days."

https://www.investopedia.com/terms/i/inside-days.asp
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Isn't the idea of inside days, as defined above, a bit more murky when it comes to an index of all stocks, not just 1?
 
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