This crash needs to play out- it’s dangerous !

[deaddog]

My parents told me to look trade both ways.

Fack sitting on your hands.

Did they mention that if something was coming not to step out in front of it?

 

[Nine_Ender]

Did they mention that if something was coming not to step out in front of it?

First question is what crash ? All I see is an IT correction that we knew about already. An given that it's option expiry it dragged some other stuff down on the open; weak hands bailed. What I'm noting is commodity prices are still sky high.

 

[SunTrader]

Did they mention that if something was coming not to step out in front of it?

Step, no? Run like hell whether or not something was coming.

True story, I was on one side of street and one of my younger brothers was on the other. He yelled can I come across (where I was fishing). I said no, he thought I said go. Bing, bang boom. A couple of days in the hospital, "just as good as new" a half a century later.

 

[smallfil]

Im being serious here guys. Most of you are better traders than I am but I have seen this before and its best to sit back and let this play out. You will just get stopped out of all your trades. Biden’s ridiculous speech the other day isnt helping either.
Inflation is a real issue and Powell has a big problem ! Wait until margin calls and fund redemptions start happening. Investors are already starting to get jittery.

This is where smart traders are observing and looking for trading opportunities on both the long and short side. Although, the opportunities to short stocks via put options is numerous, more than call option trades on the long side. Sit and wait. This is a game of patience, like playing chess. Your winners will become even bigger winners as the strong trends continues.

 

[deaddog]

First question is what crash ? All I see is an IT correction that we knew about already. An given that it's option expiry it dragged some other stuff down on the open; weak hands bailed. What I'm noting is commodity prices are still sky high.

Not sure about a crash, but the stocks I own are starting to roll over and give me sell signals. I don't see a downside to cash.I can always buy back later even if it's higher.

I'm looking both ways and I see something that might be a danger to my capital so I'm waiting to see what it is.

 

[SunTrader]

Think you might be a day late. After yesterday's nice early move higher only to reverse and slam down into close was straw that broke the market's back.

 

[Concinnity]

The only issue I have with the bear market logic is, people want till markets have a huge down move, than say ops we in a bear market! I mean I get it in a way, but it's kind of like hindsight traders, day trading showing you and telling you information after the move is done.... like the point of trading is to know your edge and use it. If you need a 5000 point NQ drop before you consider it bearish, what's the point? May as well just buy and hold or let someone else do it for you.

 

[volente_00]

Disagree… these will be some of the greatest trading opportunities of your lifetime… this is where you make your bones & cut your teeth..
These are the markets where you really learn to trade & become seasoned!
I’d learned more trading the whipsaws of the late 90s than the slow tedious melt ups of the last 10 yrs…. Cut your size, hands hi… chin tight & fight the fight… don’t let a little Vol prevent you from becoming a gunslinger and earning your Masters/ Doctorate!

These are the days that separate the traders from the chasers


Fear is always stronger than greed

 

[KCalhoun]

I'm up today bc inverses like SPXU

 

[Spooz Top 2]

These are the days that separate the traders from the chasers


Fear is always stronger than greed

Glad to see you’re still working those “Turns” & slamming Mojitos in fine fashion down in PDC!