This is called denial. There is nothign unusual or usual. Only the quoted price. Your opinion has no bearing on the market.
QQQQ by Joab
- Thread starter Joab
- Start date
This is called denial. There is nothign unusual or usual. Only the quoted price. Your opinion has no bearing on the market.
This is called "understanding auction dynamics" and reading price behavior as it relates.
The bottomline is when your wrong have a well defined exit strategy which I executed as per my trading plan.
So even though I'm confused slightly (I'm sure it will be revealed in time) I'm not unhappy with myself or the trade.
"This is called understanding auction dynamics" - Uh, right.
MSFT up 3.6% in AH great earnings
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Good points;
but disagree on'' nothing unusual''Could call it a 5 year uptrend ;
also could call it an unusual breakout of a 5 year trading range,
$45.45 area closes had been resistance for 5 years.
And up 7 weeks straight closing;
strange for QQQQ
strange for QQQQ
You should definitely pay attention to public shorts. If you would have been watching the sentiment you would have seen that we are in a big short squeeze right now. The public shorts have been very high the past two months. That would have kept you out of this type of trade. Never short a short squeeze.
The majority doesn't believe in this up move which is giving the extra fuel to push beyond rational levels. When the market does finally squeeze all the shorts out and they go long we will see another big dump day, and typically may has good sized declines.
The majority doesn't believe in this up move which is giving the extra fuel to push beyond rational levels. When the market does finally squeeze all the shorts out and they go long we will see another big dump day, and typically may has good sized declines.