So... is this rally legit... or a bull trap?

:D
SoyUnGanador said:
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.
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I SELDOM trust my feelings\ they tend to get me out of a trend waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay to early.
I cut a loss on SPYG\ today\ its got nothin to do with luck;
its not gambling @ all.
But to Paraphrase Larry ''Mint'' Hite[joke] pray before you play the lotto\ not that you should play the lotto= a stupid tax on people that cant do math.
He also prayed when he[green young, stupid] took waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay to big a position size in leveraged stuff.
So mainly dont play the lotto;
but pray+ dont play to big, as of 1;oo[CST] chicago time/central time its $till up.
Thanks for your post; i dont blame you for cutting a , SPYG long loss/LOL:D:D
 
SoyUnGanador said:
It sure feels good. But it sure feels like another bull trap to me!!!
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WTF? Are you going to make these threads EVERYTIME we make a blip??

A dead cat bounce in a bear market can be strong enough and long enough to make you go broke. Yeah, eventually it'll come back down, but you'll be insolvent by then.

Trade what you see, not what you think might happen.
 
schizo said:
WTF? Are you going to make these threads EVERYTIME we make a blip??

A dead cat bounce in a bear market can be strong enough and long enough to make you go broke. Yeah, eventually it'll come back down, but you'll be insolvent by then.

Trade what you see, not what you think might happen.
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NEVER felt good to me\ but i finally looked up his part wise nickname; my computer translates his nickname in a sentence\
[soy un ganador='' I am a winner'' + i dont lose.]
LOOKS like he maybe a winner, but good thing for me i cut a SPYG loss today .LOL
I am a winner; but i've been goose hunting; missing a bit is part of a good gander or goose harvest.
Even though SPYG is now above my stop loss; fine i have enough longs + enough inverse.
55 + 7 minutes = to close , looks like OCT maybe a bear killer\ if it closes up every friday\ + up last Thur/LOL
 
Flipped an strangle.

I can't tell what this market wants to do but it is def too dangerous to short it.
 
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VEGASDESERT said:
true, even if you have strong conviction about reversal soon, buying into
strength is still right thing to do.

the reversal often comes a lot higher than you thought was possible.
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Exactly\ if it pays dividends or enough % that needs no dividends;
if SPY, QQQ closes close to 2;3o candle/ to 3 chicago time /central time, looks like an up day.

IF this week midpoint about WED noon clsoe$ up; may do more longs + some more inverse ETF$, like a put/ but much, much , much, much less decay + more liquid...............
20 minutes to close CST
 
SoyUnGanador said:
It sure feels good. But it sure feels like another bull trap to me!!!
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IT sure feels much better to me, cash SPY ,QQQ market cl0sed + actually closed up;
+ lets get real/ both are up from open\ but i seldom buy any open\may sell one.

But get real again, SPY + QQQ are up from 9.30;
+ up from 9;45,[your post says 9;37, fine+ wrong, wrong. So see why ''Sure feels good good . But it sure feels like another bull trap''
Bull Cr+p on a bull trap. Meaning what?? NO TX long horn or short horn gets trapped, most people or cows are not that stupid. I felt pretty good when i saw a herd of TX longhorns in SEPT feels fine + means NOT MUCH\LOL
\ONLY way a bull or bear could get trapped is post, like he or she is a predictor+ never cut a loss.............................................................................
Thanks for your post, Soy un Ganador; I am a winner, but good thing i cut a loss on SPYG its higher than my stop loss/ but fine it pays not much of a dividend or % like SPXU,SPXL,SSO, SPXL or UPRO..........................
 
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