Exactly because it's controlled by algo that's why we can take it seriously because algo's are predictable in interpreting news and fundamentals.
Market crash? The sky is falling?
- Thread starter wxytrader
- Start date
Exactly because it's controlled by algo that's why we can take it seriously because algo's are predictable in interpreting news and fundamentals.
Not the way you think. Any day can just V out of nowhere. How is that fundamentals? You have no idea if a down day will drill more or just V right back to green.
I've been cutting losses too. Such a relief! Baron was right, again.
Yes I cannot believe it. I barely barely made it with a small profit from previously a huge paper profit. Ridiculous!!
Screw VIX. Where the fck is YOUR STOP??!
So how does it feel getting reamed? Feels good, doesn't it?
It's part of the process. Happens every now and then, but nice bounceback today and if one is a good trader, 2 good opps today with that fake fade and secondary V. I get that it's only about 20-25% back of last week's move, but there is something satisfying about these green days when people thing the market is going to roll over and die.So how does it feel getting reamed? Feels good, doesn't it?
Hey, let's not get too bullish. Even I was expecting a relief rally today.
On that note, I'm expecting a follow-through tomorrow as well. But then again, all good things must come to a stop, right? I expect the selloff will pick up again but, for the moment, let's enjoy any V they give us.