Nothing Works!

dozu888 said:
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...but if you are long term, should be in the money anyway... no?
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I am scared out of my wits to try any long-term swing. As I posted above, I seem to be going long at market peaks, and then Trump tweets something which tanks markets 10%.

No, I am not "in the money." I am now working on targets with stops, and it is rough going. Today is Wednesday, and I made 90 bux so far this week in NQ, because I have this abject terror of a Trump Tweet. And it happened today, in ETH. He fucking tweeted something, and the market zoomed 1%. WTF.

Thank GOD I did not have a position. This one man has destroyed swing trading.
 
Overnight said:
I am scared out of my wits to try any long-term swing. As I posted above, I seem to be going long at market peaks, and then Trump tweets something which tanks markets 10%.

No, I am not "in the money." I am now working on targets with stops, and it is rough going. Today is Wednesday, and I made 90 bux so far this week in NQ, because I have this abject terror of a Trump Tweet. And it happened today, in ETH. He fucking tweeted something, and the market zoomed 1%. WTF.

Thank GOD I did not have a position. This one man has destroyed swing trading.
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I'd have a slightly different view....

again if the trade war is a non issue for the DOW to reach 40000, then the 'bearish tweets' create buying chances, no? I did post a few real time calls in my thread.... BTFD is not blind, there is still logic behind it lol.

and if you believe DOW is worth 40000 fair value, why even get out?

otherwise what is even the 'set up' for swing trading? let's define 'swing' as a few weeks at most...

also in my view 'target with stop' holds little merit... target where, stop where? some artificial lines that live only in your head, no logic behind them.. Timelines/event driven swings make lot more sense... 2-3 weeks earning run followed by 'selling on the news'... valid play for FAAMG... or in the current rate cut environment, a couple of weeks into the cut, then selling on the news? stuff like that.

logical stuff. lol.
 
dozu888 said:
I'd have a slightly different view....

again if the trade war is a non issue for the DOW to reach 40000, then the 'bearish tweets' create buying chances, no? I did post a few real time calls in my thread.... BTFD is not blind, there is still logic behind it lol.

and if you believe DOW is worth 40000 fair value, why even get out?

otherwise what is even the 'set up' for swing trading? let's define 'swing' as a few weeks at most...

also in my view 'target with stop' holds little merit... target where, stop where? some artificial lines that live only in your head, no logic behind them.. Timelines/event driven swings make lot more sense... 2-3 weeks earning run followed by 'selling on the news'... valid play for FAAMG... or in the current rate cut environment, a couple of weeks into the cut, then selling on the news? stuff like that.

logical stuff. lol.
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Because I experienced Oct 2018. I was long during that time. Futures contracts have expirations. If I had held onto the Dec 2018 NQ contract, it would have devastated my account. But I exited at my risk tolerance level. This can now happen at any time, can start a down trend on any day.

Remember, I am a perma-bull. I am not a perma-bear. I was taught and learned equities during the salad days of 2014-2017. Yes, Aug 2015 and Jan 2016 kinda' sucked, but was manageable. But these new swings are not what I was prepared for. Still working on it!

 
Overnight said:
Hrmm...Well, I bought in late Jan 2018. NQ tanked 10%. I then bought in late Sep 2018. NQ tanked 20%. So then I bought in May 2019, NQ tanked 10%. I bought in late July 2019, NQ tanked 10%.

Are you really asking me why I should sweat shit? Oi!
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You are funny sir.:D
 
OP, if I told you what works on a highly volatile futures contract, you wouldn't listen anyway. That's just the way of the world I guess.
 
Voron77 said:
By the way, am I the only one for whom forexIG SPX 500 sentiment has stopped updating? Their widget only updates the bitcoin :(
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works now, 1:3 long short... they have server issues sometimes... guys if there are other indicators like this please share!

AAII works quite well too, but only once a week.
 
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