Good for you that you found a Holy Grail -- now just report back here next month or year...with a photo of yourself holding stacks of cash, or showing your broker statement.
High-five, Pekelo...Make Trading Great Again
The Go Long at 10 am Strategy
- Thread starter Pekelo
- Start date
Good for you that you found a Holy Grail -- now just report back here next month or year...with a photo of yourself holding stacks of cash, or showing your broker statement.
High-five, Pekelo...Make Trading Great Again
Trading doesn't mean day-trading. Holding over-night doesn't mean investing. I don't believe you don't know this.
This is not really a sustainable strategy. Equities are bathing in money that costs to carry elsewhere in bonds during negative interest rate periods. That money is not shifting to European equities and will continue to do so for the next 4 months. Im seeing a lot of long covering in this last series of market lows in US equities.
Just trade what you see on the screen. What if NASDAQ at 10am monday is gapping down with an overbought stochastic and has a gap to close on the downside? Are you going to buy that? Take 50 points heat? I think not. I would rather sell it and buy the bounce. I think saying something like buy US equities at 10am everyday is betting on a coin flip.
Just trade what you see on the screen. What if NASDAQ at 10am monday is gapping down with an overbought stochastic and has a gap to close on the downside? Are you going to buy that? Take 50 points heat? I think not. I would rather sell it and buy the bounce. I think saying something like buy US equities at 10am everyday is betting on a coin flip.
Was a brilliant observation you made, I started buying the Dips like you and its working well, thank you for re-affirming my short-term suspicions.
I think this is going to stay a viable strategy until the market finally rolls over, what could be still months away. Today if one bought just before 10 am at the dip, we are up 4 points.
Just like this bull market's rally melt up isn't sustainable. In the maintime, Monday's slight loss of 2 points was reimbursed by Tuesday's 20 points gain.