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farmerjohn1324 said:
I see 2 problems.
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well you have to actually see it and if you are trading intraday, you have to be at the computer at the exact moment that it happens.

if that is a problem get rid of it: do not trade intraday, trade daily.

if it is still a problem, trade weekly so you can check the charts over the week end.
 
farmerjohn1324 said:
What the fvck is this guy talking about?

I should have known when he asked me if I play golf that he's just nonsense.

DOES ANYBODY HERE ACTUALLY HAVE ANYTHING VALUABLE TO SAY??? I am very busy and don't have time for nonsense.
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you cannot do something if you are not willing to even look at something
 
padutrader said:
well you have to actually see it and if you are trading intraday, you have to be at the computer at the exact moment that it happens.

if that is a problem get rid of it: do not trade intraday, trade daily.

if it is still a problem, trade weekly so you can check the charts over the week end.
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Seems like weekly is all I can do if the markets don't close every night.
 
padutrader said:
that is the beauty of markets
you can customize it to suit your every whim
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I've also realized that I'm going to have to get a significant amount of money every week to make this worth my time.

If I only bet $500, then even if I'm right every time, that's only $26,000/year.
 
farmerjohn1324 said:
I've also realized that I'm going to have to get a significant amount of money every week to make this worth my time.

If I only bet $500, then even if I'm right every time, that's only $26,000/year.
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well you have to bet more.

and remember also that you are only spending time on week ends, so any money you get is a good deal
why do you think it is so difficult to be right every time?

I am most of the time because I am just following the market, not betting that something will happen, so how can I be wrong?
if market turns on a dime, without warning , which it never does, then I may lose some money, which is decided before hand by a stop
 
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I just made 10 times my maid's monthly salary in 60 min.
and I actually had to work for a min....sell at market.... close at market a little time later.
you have to be in office the whole day
 
padutrader said:
well you have to bet more.

and remember also that you are only spending time on week ends, so any money you get is a good deal
why do you think it is so difficult to be right every time?

I am most of the time because I am just following the market, not betting that something will happen, so how can I be wrong?
if market turns on a dime, without warning , which it never does, then I may lose some money, which is decided before hand by a stop
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That's what I like about going bull on index funds. That's with the market most of the time.

How long of a downtrend do you need to see before you consider it down? Here's a chart of S&P for 2019. How many downtrends do you see that would have been possible to identify at the time they were happening?
 

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farmerjohn1324 said:
Here's a chart of S&P for 2019
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that aint coming down anytime soon
farmerjohn1324 said:
How long of a downtrend do you need to see before you consider it down?
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i cannot give a one line answer
but one thing, you can see in the chart is lack of pull backs.......

which means no one is selling it is going up that is known to everyone which is why no one is selling

the dilemma is how do you mange this?

if you buy and it corrects 10%?

wait for correction but what if it does not correct for another 100%?

if this was an intraday chart i would buy …..put a stop below a recent low, even a 5b min low or a hourly low...up to you

as long as there is no pull backs or lengthy ranges......this is going up.

what you do with that knowledge is your dilemma
 
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