It sure feels good. But it sure feels like another bull trap to me!!!
So... is this rally legit... or a bull trap?
- Thread starter SoyUnGanador
- Start date
For goodness sake, STOP investing and start TRADING!!!!
It doesn't matter whether it is
rally or weakening
bull trap or bear trap or whale trap
dark cloud or white cloud or cloudless
dovish or hawkish
chicken or pork or beef or lamb
soya bean or wheat or corn or rice
just go and day trade !!!!!
Then you will feel good today, tomorrow, next day, forever and ever,
till the end of time !!!
It doesn't matter whether it is
rally or weakening
bull trap or bear trap or whale trap
dark cloud or white cloud or cloudless
dovish or hawkish
chicken or pork or beef or lamb
soya bean or wheat or corn or rice
just go and day trade !!!!!
Then you will feel good today, tomorrow, next day, forever and ever,
till the end of time !!!
Man I wish I could maxinger. But I don't even know where I'd start. I have no foundation. I get feelings about the markets on certain days, which I sometimes post, but other than that I just wouldn't have a clue how to day trade. And there is so much contradictory stuff on here it does not help LOL.
It's a dead cat.
Profits from a bounce are the same color as profits from a drop.
Purchasing power of the profits however, are not the same.
Profits from a bounce are the same color as profits from a drop.
Purchasing power of the profits however, are not the same.
I started day trading way before computers were available for home use.
In short, what do day traders focus on?
just past few minutes to a few hours ago only.
Have a good overall / macro view.
But you must remember; you have to sweat blood to be a day / night trader.
Day traders don't care about market direction.
As long as it moves, we're all good!
You obviously use medium/long term analysis. You are a swing trader or an investor.
What is the problem? YOUR methods, YOUR rules. Expecting consistent and immediate gratification using a 200 day analysis is a contradiction.
Smart money says trading range in a descending and expanding channel so we have some time to see the end of the decline but we should rally 5-7 more percent to get more suckers in...
