Market has topped on 2019/11/07. Get the hell out now.

By the way @nooby_mcnoob , when I speak with you, your voice reminds me of Kylo Ren under his mask. Not the tone, or the sentiment. Just the accent. Weird, I know, but I am a weird audio guy, lol!

 
All of this dribble is so nonsensical.

You don't need to "call a top". You get a sell signal on your trading indicator package, you confirm it, and you short the market. You can take 75% of a move out of the market with that strategy if you're lucky with your profit target.
 
Well. That was how I traded years ago.

When market was at record high, I'd short the market. and I lost $$$.
And When market was at record high again , I'd short the market again. and I lost $$$.
And When market was at record high again , I'd short the market again. and I lost $$$.
And When market was at record high again , I'd short the market again. and I lost $$$.

Then I had to top up my trading account.

Newbie traders can't distinguish between
countertrend trading and reversal pattern.
 
Well hopefully your trading indicator package would have had many more long entries than shorts. Just using long term trendlines or incorporating them into your existing strategy would have kept you on the right side up 95% of the time.

My chief criticism are traders sitting on their hands for eleven years of a strong, persistent rally looking for places to short - the cannonballing mindset just couldn't permit them to think about taking a long position. Some minds are just built to fight the obvious.

maxinger said:
Well. That was how I traded years ago.

When market was at record high, I'd short the market. and I lost $$$.
And When market was at record high again , I'd short the market again. and I lost $$$.
And When market was at record high again , I'd short the market again. and I lost $$$.
And When market was at record high again , I'd short the market again. and I lost $$$.

Then I had to top up my trading account.
More...
 
SunTrader said:
Percentage-wise is what matters. That is 41% rise.

Taking another 3 year period Mar'09 to Mar'12 SPX went from 666.79 to 1419.15 or well over 100% but that was during Obama's days and he ain't no great bitnisman like Dump .. so it don't count huh. :D
More...
That's right ---it doesn't. The market had nowhere to go but up. Rosie O'Donnell could have been president and the market would have shot up.
 
bone said:
Well hopefully your trading indicator package would have had many more long entries than shorts. Just using long term trendlines or incorporating them into your existing strategy would have kept you on the right side up 95% of the time.

My chief criticism are traders sitting on their hands for eleven years of a strong, persistent rally looking for places to short - the cannonballing mindset just couldn't permit them to think about taking a long position. Some minds are just built to fight the obvious.
More...


Well. I used to have lots of indicators years ago.
Now I have none.

I day trade purely based on price action, based on pattern recognition (continuation pattern, reversal pattern)
and have simple understanding of macro picture.
 
Buy1Sell2 said:
That's right ---it doesn't. The market had nowhere to go but up. Rosie O'Donnell could have been president and the market would have shot up.
More...
The market from Bush high to Obama high was up 35 percent. The market from Obama high to Trump high is up 54 percent in 3 years.
 
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