Huge gap ups creates Huge losses for traders
- Thread starter NY_HOOD
- Start date
Just another reason that if trading is your primary income source, you need to have a plan on what you're going to do in order to be consistent day in and day out.
Trying to catch the bottoms and tops just reinforces the mentality you speak of because people feel they missed the bottom, so than they buy on emotion not plan, market pulls back beyond where they can mentally / financially take it so they get out for a loss and than it goes up again. Rinse and repeat
Trying to catch the bottoms and tops just reinforces the mentality you speak of because people feel they missed the bottom, so than they buy on emotion not plan, market pulls back beyond where they can mentally / financially take it so they get out for a loss and than it goes up again. Rinse and repeat
Buy on a gap down and sell on a gap up?
there is no intrinsic edge in gaps. generally speaing.
but count all the intraday up candles vs. down candles.... them boys are pushing down in thin pre-trading then scoop therefore buying at the open would have worked for past couple of weeks.
but regardless... we are going right back to ATHs....
liquid injection from monetary and fiscal is already 4X bigger than the virus GDP drag.
Exactly, eg I sold TVIX gap up premkt yesterday, bought gap down today.
https://www.cnbc.com/quotes/?symbol=TVIX&qsearchterm=
That's worked well for me, many of my top $ winning days have been selling overnight holds into next day premkt gaps up
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You are not wrong(as far as being long only) you could go long this market on 98% even 100% of your trades and still make crazy good money (even in these times). The thing is, you need the bank roll, previous gains locked in from years of trading AND the skill. I know someone who's doing this, but if anyone else I know tried it, including myself they would have blown their account.
When i look at tech, i look at semi conductors. They bounced nicely yesterday before the close.
However, i think they still need to make new lows. I have a hard time believing the semi’s are done falling.
Wedbush just added NVDA to their “ best idea” list today. I think thats premature.
However, i think they still need to make new lows. I have a hard time believing the semi’s are done falling.
Wedbush just added NVDA to their “ best idea” list today. I think thats premature.
Been tracking them for a week...they've been stable. China's back online, shipments are tiny in physical scale, robots build them. I don't see many people out there buying gadgets any time soon, but all this remote work stuff might be good for business.
Still don't see how this can be the bottom