Markets are impossible to predict

tomorton said:
Always wait for a dip in order to re-enter. Never wait for overbought to confirm before taking profits.

In an uptrend, be long: do not be short until we're in a downtrend.

If we're not in either an uptrend or a downtrend as defined by your individual strategy, either use an interim alternative strategy or just go and enjoy some time at the beach.
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I want to play roulette with 60% odds of winning.
 
farmerjohn1324 said:
Gold is more integrated into the global economy than those things.
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My point was that art and collectible cars do not produce dividends or offer any kind of return, but a few examples have returned a lot over the years. So I'm challenging someone's definition of investment.
 
ET180 said:
My point was that art and collectible cars do not produce dividends or offer any kind of return, but a few examples have returned a lot over the years. So I'm challenging someone's definition of investment.
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They could if you charge a fee to look at it. Or if you rent it to a museum.

How many people bought a ticket to the Louvre today because they wanted to see the Mona Lisa?

But I think we're beyond off-topic at this point.
 
farmerjohn1324 said:
I still wouldn't have sold it that day.
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I sold my position close to the top -1600 and was able to exit because of the 24/7 liquidity.
If you claim, you would have sold on news.....futures market would have gave you that freedom.

There is also no decay and there is the leverage you are looking for.
 
heavenskrow said:
I sold my position close to the top -1600 and was able to exit because of the 24/7 liquidity.
If you claim, you would have sold on news.....futures market would have gave you that freedom.

There is also no decay and there is the leverage you are looking for.
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Yes and a lot more than just 3x leverage. What is the symbol of the futures contract you're referring to?
 
dozu888 said:
on day-to-day, no... but you can figure out the pro boys game plan.... check my posts in recent years, how many times I have advised on the qqq.
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%%
That ;
+ QQQ, SPY,[ SPLX or UPRO sometimes, NOT buy + hold like cash ETFs]trends above 200 dma.........................................................................................................
 
you can call it 'predicting', but that's not the best word.

again - do yourself a favor, if you want to make money, read thru my posts, how a profitable trader think - you are sitting at this poker table.

who are the players - Smart Sam and Dumb Dave, and you.
what are they holding - they can either be long, flat or short;
Smart Sam controls the media - what is he telling Dumb Dave?
observe what happens to the price after Sam pushes out stories;
so what is Sam's plan?

it's so simple - Sam, Dave, you - 3 guys playing poker.

check my thread 'trading is easy', how profit is made thru logic, not back test forward test prediction blah.

there are 1000 ways to make money, I am not saying others can't make money with other methods.

I am talking about the easiest way.
 
Past few days, people should be earning thousands and thousands of dollars,
NOT losing thousands and thousands of dollars.

Market has been very trendy ie very easy to trade and earn money.

Why people lose money?

- Because they listen to the experts.
Experts said when there were bombing, people invest in safe haven like gold.

- Because they try to predict the market.
They did not design their trade plan based on the fact that market cannot be predicted.

- Because they don't do day trading.

- Because they failed to focus on charts and nothing but charts

year 2020 is going to be very very good year for trading.
Because the starting has been very good !

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