Have we hit bottom yet? I am still waiting for this uptrend...
the trend is up, market has bottomed.
- Thread starter lundy
- Start date
hhahahahah
I kind of miss Lundy though
I kind of miss Lundy though
Don makes a point that might be misconstrued given his relative disregard for charts and such.
"You'll not see too many active traders... picking longer term direction..."
I believe this statement is true - regarding "active traders." The term "active traders" is used more or less to describe daytraders of any time frame, and probably the 1-3 day swing traders as well. Many of the brokerages market themselves as being for the "active trader", ie., Cybertrader, IB, etc. But the qualifier of Don's statement is "active traders".
I carry positions 2-8 weeks on average. I do not consider myself an active trader, by today's standards. Market direction is important to me. I want to trade with the longer trend. I want a bigger piece of the pie per trade.
Just my thoughts...!
"You'll not see too many active traders... picking longer term direction..."
I believe this statement is true - regarding "active traders." The term "active traders" is used more or less to describe daytraders of any time frame, and probably the 1-3 day swing traders as well. Many of the brokerages market themselves as being for the "active trader", ie., Cybertrader, IB, etc. But the qualifier of Don's statement is "active traders".
I carry positions 2-8 weeks on average. I do not consider myself an active trader, by today's standards. Market direction is important to me. I want to trade with the longer trend. I want a bigger piece of the pie per trade.
Just my thoughts...!
Originally posted by Yannis
You know, hitting bottom in this market is similar to the way some people quit smoking: they do it every day
Seriously Lundy, today is the real bottom, right?
No, I really mean it.
If I call it everyday, and just keep my forecast vague, eventually I will be right.
Sounds like a plan to me.
Even a broken clock is right twice a day
