This is a wise choice, my swing-trading brother-in-arms.
S & P
- Thread starter padutrader
- Start date
This is a wise choice, my swing-trading brother-in-arms.
remember a bull market sustenance depend on an abundant supply of bears, of which there is an embarrassment of plenty.
to say the market must fall because it has gone up, is one of the most absurd conclusions I have ever heard.
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what a wonderful comment and a declaration of the Truth.
this ten year uptrend shows that each time it went to the trend line the bounce was larger.
this shows that falls were bought each time harder than before.
as a trader I have learnt by bitter bitter experience to respect strength.
this market looks to have become one,even on the weekly where both bears and bulls will be active.
as the saying goes, 'bears make money, bulls make money, pigs get slaughtered'.
be a bull or a bear, with pride.
but for God's sake do not be a pig
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to be a trader you must buy low and sell high.
what is low and what is high?
it took me 13 years of trading and 1000s of financial punishments to finally realise the crime I was being punished for: selling low buying high.
it was then and only then that I found out what was low and what was high.
I understand that this post will frustrate many traders......who, being in jail, want some 'tip' to break free from the shackles.
I certainly did at one time.
the only thing I can tell you is do not look at anything except how price moves. the secret is there not in some fundamental indicator or price indicator but only in price.
a clean chart and a clean mind are two tools to financial Nirvana.
but be prepared to endure many a disappointment.
in 13 years I have, at least 3-4 times decided that making money trading was impossible. and given up trading
I am happy to have been proved wrong.
what is low and what is high?
it took me 13 years of trading and 1000s of financial punishments to finally realise the crime I was being punished for: selling low buying high.
it was then and only then that I found out what was low and what was high.
I understand that this post will frustrate many traders......who, being in jail, want some 'tip' to break free from the shackles.
I certainly did at one time.
the only thing I can tell you is do not look at anything except how price moves. the secret is there not in some fundamental indicator or price indicator but only in price.
a clean chart and a clean mind are two tools to financial Nirvana.
but be prepared to endure many a disappointment.
in 13 years I have, at least 3-4 times decided that making money trading was impossible. and given up trading
I am happy to have been proved wrong.
US/Trump got lucky. The coronavirus is a big deal, it gives China President/Strongman the cover to capitulate on the trade war. That is why US stocks ATH again and again.
NQ keeps acting like it's gonna top but my guess is a flush for a day or so then back to new ATH.
Toppy Mc Topface on 4h.
Toppy Mc Topface on 4h.
that is a fantastic analysis
He is not going to capitulate. This is Trump's bread and butter negotiating. He will stick them now.
And they will agree to his conditions. That is called capitulation in my book.
the attachnment and the words toppy MC......4H were missing form your post but appears in the reply...….. see below