I don't remember where I posted this, but when stock market closed on a Friday sometime ago and Trump afterward announced increased tariffs on China, I mentioned the SP could gap down 100 points on Sunday's open. Well it gaped down 21 points and someone blasted me because it wasn't a 100 point gap. That's what happens here and I'm done with it.
Well, there is also the way you handle "an inaccurate call".
I've been calling for new ATH if a trade deal is reached, and they have reached them without a new deal. I've been calling for 10% corrections for a while, since they now seem the norm every few months. If the market drops only 3%, I say AHA, here we go, just another 7% to go. If it doesn't happen and I get called out on it, I just say, "Well, it dropped some, didn't it?" You have to try to let negative comments roll off your back on bad calls.
After all, we're all just trying to do our doing our best.
For example, I am now long in MNQ for 4 contracts. I now expect a 10% correction to ensue, rapidly, simply because I am long.
Is it a ridiculous reason? Yes. I do it because it salves me, and is sort of a reverse-psychology on the market in my head.
If it DOES happen, I can say "And there it is, the 10% correction."
If it does NOT happen, I can take the profits home when it hits my target. If someone calls me on it, I go *shrugs* "Oh well, my initial idea worked and I made money."
You seem to have a fan base here SPX. Don't give up so easily on the forum. Builds character? Heh