Swing Trading QQQ

schizo said:
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).
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Looked at the same, and it's part of the 'problem'. I just think my odds will improve with the long only.

Sidenote, I'm only actively following the markets since 2011. So might be biased:rolleyes:
Nevertheless - like I said to friends years ago but not following own advice :banghead: - the interests of the rich, the powerful and the governments lie in a rising stock market. So, you'd better join them
 
Zwaen said:
Looked at the same, and it's part of the 'problem'. I just think my odds will improve with the long only.

Sidenote, I'm only actively following the markets since 2011. So might be biased:rolleyes:
Nevertheless - like I said to friends years ago but not following own advice :banghead: - the interests of the rich, the powerful and the governments lie in a rising stock market. So, you'd better join them
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Long only = investor.

The markets are one big hodgepodge of opinions and positions.

I stay away from slicing it down into groups. Rich and powerful, smart money etc., etc. It serves no purpose as far as I am concerned, other than to divert attention and energy from what really matters - what I choose do.
 
Look back to 2009 . The only real correction was covid and 2022 . Covid we rehit highs in 6 months . 2022 fall took longer but earnings overall have been very lukewarm and rates skied .What really stuck out to me was when the drop started in 2022 we couldn’t even take out the ath’s from 2020 of 3200 ish . The moral of the story is 35 years later buy the dip still works and nobody who does gets punished for long . There’s been so little risk since 2009 to be long .
 
SunTrader said:
Long only = investor.
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Incorrect.

Investor = buy and hold without leverage.

Day trading means taking and closing out positions the same day. Can be utilized well by 'long only'. As shown earlier in the ES journal the sum of the up swings during a down period actually exceeded the size of the down swings.

Disclaimer: I'm not long only. Just saying. :)
 
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?
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Another thing I like doing is to try and get a feel of sentiment. For me, that's usually comments on forums or even Twitter. It's not quantifiable, but worked tremendously well during the range bound mild bear market over the last few years.

Invariably, the crowd seemed to get very bearish after some down. And very bullish after some up.

When that happens I get increased confidence we'll actually move the other way, so if I get technical signals that oppose the crowd I'm feeling very confident trading those. I've seen a lot of bearish sentiment lately, so that helped me push the long side lately.

Saw the same thing when the markets bottomed last fall. Even if people weren't expecting a crash, there were a lot of comments like, "This market HAS to pullback here. This is crazy."

Convinced me that this might just continue ripping instead. And I also looked up similar price sequences and saw that it wasn't like it hadn't happened before in the past. So, not going to fade it based on the market being 'overbought'.
 
Patience waiting for the dip, here. After yesterday's rally I'm sure everyone's piling in here since the market only goes up, yes? LOL.

Today will most likely have the low early in the day and the high later in the session, but, better wait for a better entry than this (5336.50).

If the market opens green and goes bid, it might just not pull back much at all, though.
 
Those numbers just now didn't have much of an impact. Good low risk entry here (35) with a tight stop (32). Ride it to 50.

Try again at lower prices if stopped. I don't think today sells off, but it could dip a bit before higher.
 
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