how far could the market go down?

trdes said:
I did not trade only long, I took some shorts as well. I did trade majority long. I also explained that I wish I had been more willing to take shorts and that it was a mental block on my part that I am working on correcting.

I don't fully agree with not making sense. The markets have been incredibly bullish and forgiving to the long side. I haven't had many short setups I've liked or that paid me very well to be really shorting this market until just last week. I am not a robot so I decided to still go long. Would I of made more money short? Yes. But I also followed my plan and still made money. so the "no sense" part again I can't fully agree with that.

In other words it's easy to look back now and tell me how I should of traded. I was in the trenches doing it and my goal is to make money, which I accomplished.


EDIT: @KCalhoun If you have the time I would appreciate a response from you as well, since you liked his post.


You guys realize you're both in a round about way explaining to me that going long makes no sense, when the markets have been closed for almost 48 hours now after the week ends?

I am genuinely not understanding the logic. Sure, I could see the markets were weak, but I did not know the markets would drop this much. I still followed my plan and traded what I know. Is the point of trading not to make money?

I only bring this up because I see this with a lot of traders. Everyone waits for a move to be done, than they discuss it afterwards and tell everyone what make's sense and what doesn't. If you guys shorted and cleaned house, that's great. But maybe you guys could explain that or at least mention that before telling me what I did makes no sense.

What part makes no sense, me following my plan? or making money? lol
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I was specifically talking about last week when you posted this Friday. All time frames were telling you to trade from the short side.. maybe you’re comfortable counter-trading. The last hr on Fri the action told you to get flat..Today the big money was from the long side. TA, PA, AA, NBA it really doesnt matter. Stop whining like a 2yr old.
 
RRY16 said:
I was specifically talking about last week when you posted this Friday. All time frames were telling you to trade from the short side.. maybe you’re comfortable counter-trading. The last hr on Fri the action told you to get flat..Today the big money was from the long side. TA, PA, AA, NBA it really doesnt matter. Stop whining like a 2yr old.
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EDIT: I couldn't imagine waiting till the end of day, two days in a row and than telling someone that day told you to get bullish, bearish or flat. lol What am I missing? That just seems so ridiculous.... than you throw an insult on top of that.

I am genuinely not sure how to respond, but thank you for the information.
 
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trdes said:
Yes, you have superior knowledge over everyone here I agree. Also, thank you for telling me what time frames were saying after the day is over. Oh look you just did it again, waited till the end of day to tell me today was long.

Are you serious?
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How long have you been doing this?
 
RRY16 said:
How long have you been doing this?
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LOL, of course you respond right as I am editing my post. Full time as my only income? For a year. I have trading experience prior to that of 5+ years though.
 
RRY16 said:
Did Xela train you?
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I have no clue who that is but none of your questions can excuse the ridiculous though of waiting till the days are finished than telling me what they are. Surely you can appreciate that? I don't care if you're the best trader in the world, there's just no excuse for it.
 
trdes said:
I have no clue who that is but none of your questions can excuse the ridiculous though of waiting till the days are finished than telling me what they are. Surely you can appreciate that? I don't care if you're the best trader in the world, there's just no excuse for it.
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Just be honest with your assessment after each day. Friday you were having a tough time coming to the realization that going short during last week was challenging for you. You weren’t being honest. I’m not saying beat yourself up but atleast be honest. Anyway’s good luck with your plan.
 
RRY16 said:
Just be honest with your assessment after each day. Friday you were having a tough time coming to the realization that going short during last week was challenging for you. You weren’t being honest. I’m not saying beat yourself up but atleast be honest. Anyway’s good luck with your plan.
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I wish you luck I am not here to debate something that doesn't make either of us money and seems you're not either so fair enough. I will only say from my point of view that is not correct, because I stated in a previous post on this thread that I was working on taking more shorts when appropriate. That doesn't mean every single long trade is incorrect just because the market goes down. There's longs and shorts on most days regardless if it's up or down.

Anyways thank you for the discussion.
 
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