Riding MESM20 to 3100!

farmerjohn1324 said:
Bought 11 contracts of MESM20.

See you at 3100!!!

New infections in Italy are slowing by the day. This will all mostly be over in 2 weeks!!
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You are buying on your interpretation of the news. So you are trading news. There can be a bullish or bearish response, or both, to news. The chart will show which wins. There are always, at every moment, bullish and bearish institutions in the market. They cannot hide. The chart chart will show what they do and who is winning. You don't need to be concerned with news and how the market will react to it. Just watch the chart and it will tell you.

I shorted today. Every trade. Every contract. In MES.
 
Overnight said:
The hell you doing? Didn't you learn your lessons on trying to swing CL?

You bought 11 contracts of June MES. That's like $14.5K of margin needed. If MES drops 100 points, yer down 5500 bux. So now yer at $20K needed in your account.

If you wanted to swing through your idea of markets recovering, you should have bought the Z contract, December.

Something tells me you are not cut out for swinging. You are taking on too much margin risk. You should have bought 2-3 contracts MAX, considering where we could be by the time rollover of June ES comes.
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And you believe everything he posts? Maybe you have a problem of your own. :confused: :D
 
volpri said:
You are buying on your interpretation of the news. So you are trading news. There can be a bullish or bearish response, or both, to news. The chart will show which wins. There are always, at every moment, bullish and bearish institutions in the market. They cannot hide. The chart chart will show what they do and who is winning. You don't need to be concerned with news and how the market will react to it. Just watch the chart and it will tell you.

I shorted today. Every trade. Every contract. In MES.
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World events affect prices way more than technical indicators.

Even if it goes down short-term, it's the beginning of the end for the virus. At this point, I don't believe the death figures of 100k-240k in the USA will happen.
 
farmerjohn1324 said:
That's true. But I don't see it happening. And if it does, then my prediction was wrong so I lost money.
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I just wish you had peeled away maybe 3-4 contracts of your CL position, rather than dump the whole thing. This way you would not have lost the whole shebang, and could recover some of the loss if Thursday goes well. And by your own admission, you seem to now think that CL will rise, because you bought MES with the idea that we'll be improving on that front. More people heading out means more crude demand.
 
@farmerjohn1324 not sure if you remember a few months ago I told you you would be humbled because you were so annoying. Here you are. You can probably find it in the archives.

THIS IS A GREAT PLACE TO BE. EVERYONE HAS TO BE HERE.

Now how you deal with it going forward is going to define you. It's time for you to define an approach and test it. As you go through the approach, keep track of your emotions:

Do you start guessing/hoping less?

Do you plan better?

When the trade setup hits, the one you planned, do you sit back and go holy shit I'm a god.

Because that is possible for you from here.

Example: I didn't know today would go as shitty as it did, but there was a single setup I was looking for, it hit and it went smooth af, $1500/lot
https://twitter.com/x/status/1247603662958051329

I'm going to slowly get to the point where I hit tens of thousands per lot once or twice a month but not there yet.
 
What do you think GDP is going to be the next couple of quarters? Some stats to ponder.

-1970: QoQ GDP -4.2%, market fell 37%
-1974: QoQ GDP -4.8%, market fell 45%
-1980: QoQ GDP -8%, market fell 27% (but was already the cheapest market in a generation and not owned by anyone)
-2001: QoQ GDP -1.7%, market fell 51% (mild recession but most overvalued market in history and over-owned by everyone)
-2008: QoQ GDP -8.4%, market fell 58%
 
OP is clearly trolling for attention. I’ll change my mind with a screenshot of the position. He keeps posting things intended to get a rise out of others. Also he posts very similarly to past poster I’ve read. Obviously not his first nick.

This place is trash lol
 
fan27 said:
What do you think GDP is going to be the next couple of quarters? Some stats to ponder.

-1970: QoQ GDP -4.2%, market fell 37%
-1974: QoQ GDP -4.8%, market fell 45%
-1980: QoQ GDP -8%, market fell 27% (but was already the cheapest market in a generation and not owned by anyone)
-2001: QoQ GDP -1.7%, market fell 51% (mild recession but most overvalued market in history and over-owned by everyone)
-2008: QoQ GDP -8.4%, market fell 58%
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GDP doesn't affect market prices as much as some may think because by the time it's released everybody already knows the info.
 
EsKiller said:
OP is clearly trolling for attention. I’ll change my mind with a screenshot of the position. He keeps posting things intended to get a rise out of others. Also he posts very similarly to past poster I’ve read. Obviously not his first nick.

This place is trash lol
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Check your PMs
 
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