Swing Trading QQQ

Zwaen said:
What sometimes surprises me, it that most people on this board with lots of years of experience, albeit amateur, will not shout to btf on for example last 18/19 april. Myself included, even after the 10+ years ‘screentime’. It’s like most become the rabbit or deer in the headlights. Maybe 3/4 persons excluded (and ofcourse V-shape), no one opted for a buy in capital letters 18/19 april.
More...

I know people with way more than 10 years of experience who didn't buy that low. Personally, at that point, I was also convinced we were in corrrection mode and had more downside (before resuming higher).

The key is of course to quickly change gears when it's apparent you're wrong.

Keep losses small and winners bigger. In the end, that's honestly what it's all about. If you can't contain your losses or manage your risk while taking home larger winners you're dead.

Now, what surprises me is that there are people who still are in disbelief about the bullish nature of the US indices. Surely, anyone's who's been around for a few years have seen it all by now. :)
 
Laissez Faire said:
Now, what surprises me is that there are people who still are in disbelief about the bullish nature of the US indices. Surely, anyone's who's been around for a few years have seen it all by now. :)
More...

Yes and what just baffles me, is that these people - myself included - seem to keep having the same 'atraction' to the downside. Is it the 'smarter then the majority'-thingy or 'long is boring' thingy?

I realise this is going to sound overly and overly simplistic and naive, but it seems that fighting this lizard brain thing is very hard to overcome. In the same venure that losing weight is simplistic in nature, but very hard to do for everyone/ a lot of people. Alas, I'm just referring to the steenbarger/douglas section :rolleyes:
 
Zwaen said:
Yes and what just baffles me, is that these people - myself included - seem to keep having the same 'atraction' to the downside. Is it the 'smarter then the majority'-thingy or 'long is boring' thingy?
More...
Actually, it's more to do with mean reversion. Historically, we do see the market pull back after an extended run. And I don't mean a full-fledged reversal (eg. bear market) but a decent pullback to what's perceived as "fair value", whatever that means. :)
 
Laissez Faire said:
I know people with way more than 10 years of experience who didn't buy that low. Personally, at that point, I was also convinced we were in corrrection mode and had more downside (before resuming higher).
More...
Well, don't be looking at me now. I might be stupid but not that stupid. :D

Laissez Faire said:
Now, what surprises me is that there are people who still are in disbelief about the bullish nature of the US indices. Surely, anyone's who's been around for a few years have seen it all by now. :)
More...
If you don't already know, my middle name is "turncoat". And I'm selling my arms and legs to go LONG.
 
schizo said:
Actually, it's more to do with mean reversion. Historically, we do see the market pull back after an extended run. And I don't mean a full-fledged reversal (eg. bear market) but a decent pullback to what's perceived as "fair value", whatever that means. :)
More...
Problem is, there is both evidence for mean reversion and momentum.

I think I will definetly stick to only long, be it mean reversion or momentum. It’s just where the odds are.

Like @Overnight, a YouTube fragment:
 
Zwaen said:
I think I will defenitly stick to only long, be it mean reversion or momentum. It’s just were the odds are.
More...
Well, it's easy to say that now that we're at ATH, but could you have said the same just 4 weeks ago when NQ made over 8% correction? We can all be overoptimistic when the market is rallying or overpessimistic when the market is tanking. But that's where the real test lies. Anyway, good luck to everyone all the same. After all, we do all share one thing in common: to make money (or at least not to lose what we have).
 
You must log in or register to reply here.
Back
Top