Markets Within 3-5% of ST bottom- IMHO
- Thread starter iceman1
- Start date
WHy do you care about picking the bottom
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MAYBE\ a bear market downtrends makes bottoms every day. Good place to take some profits again.
Something else\ I enjoyed a QQQ candle chart, good 30 minute chart monthly downtrend in MAY 9,2002 bear. Good downtrend , good volume but it gapped up one day about 3.33% + went up about 10% that day.
So i like to help market makers + me ; exit some entries also.
[NOT a prediction+ sure ain't aiming for a QQQ or SPY 10% loss X 2 or 3]
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adding money each day to my 3 trading accounts @ TD, IB and Morgan.
Obviously no need to catch a LT bottom as once it is in there will be a LOT of time to jump on board; but I assume we all looking for a long "win" - so why not nail a large reversal day and catch 10-12% upside over the next 2 weeks ?
We will see.
Obviously no need to catch a LT bottom as once it is in there will be a LOT of time to jump on board; but I assume we all looking for a long "win" - so why not nail a large reversal day and catch 10-12% upside over the next 2 weeks ?
We will see.
So that imbeciles like you get all stressed-out and offer some BS opinion. What you asked is like asking: why do you care about picking an 80-1 shot to win Kentucky Derby. It's just gambling. That what trading really is.
It's not hard to nail a large reversal day, you don't need to pick the bottom for it.
Sounds like you just bought the dip and the dip kept dipping.
