He always goes silent during corrections, because he realizes his premise is flawed.
Midnight rally
- Thread starter Rickshaw Man
- Start date
He always goes silent during corrections, because he realizes his premise is flawed.
Movements are pre-written as according to destiny. In the event of a change in course of destiny, it is recognizable yet connected; therefore, one can close on the point of destiny.
Are you averaging into trades or generally going all in?
I will not point out the posters name as he declined my question a few weeks back if he was still holding the long he posted. The market has since dropped over 200 points from his entry (where the market allegedly was very oversold at all time highs).
It's a good reminder when the zero-risk or long only crowd gets loud-mouthed as the always do.
There's some merit to all this as I've said before, but you certainly need deep pockets to stay in the game.
It's a good reminder when the zero-risk or long only crowd gets loud-mouthed as the always do.
There's some merit to all this as I've said before, but you certainly need deep pockets to stay in the game.
On the MNQ, the only way I could possibly average in would be to long a forward month when the front month is down as much as today was, for example. Averaging into a 1400 point losing trade were it the front month would be kinda' dumb, because expiration on it is only 2 weeks away. And averaging into the Jun month would be dumb as well, because of said near expiry when Jun becomes front. Were I to "try to average into Jun now, I'd go long in Sep contract, because I believe it will take a long-ass time to get back to the Jun entry.
On the Dow it is a different story because the margin req. is much lower, swings have not been as extreme, and it actually worked this week (Thank you Chevron, and UAL for buying those Boeing planes.) It will be in the journal.
Tuesday cash open...Enormous gap up on the cash open.
Pretty sure it's Wednesday today.
Ninety percent of the gains for this month will come from the overnight stock index futures session. Gap up on the cash open, then sideways with a slight upward bias for the remainder of the cash session. Mark my words folks. Same thing over and over and over.
Stock index futures, rally overnight, 8:27 am CST
