This Market Sucks!!!

[Bob111]

Quote from Cocaine:

ok, so what you are saying is you are not a daytrader then, which is fine. Cause otherwise it would be foolish to trade blind.

i'm saying, that i'm doing ok,day trade stocks for almost a decade without real time news,L2,real time scanners, alerts etc..
just trying to be market neutral+ diversify with bunch of small positions on both sides. works for me.
i'm just surprised, how market react lately on single stock news, regardless to economic news, released earlier(which suppose to have bigger weight, than IBM outlook for example)

 

[JSSPMK]

Quote from HolyGrail:

Time to get back to trading. We should get a pretty nice retracement in es shortly.

I see it also bro

 

[S2007S]

Sell the Rallies....

 

[Cocaine]

I'd be cautious blindly selling rallies. We are breaking out of a current down trend as we speak, although still in a larger down trend overall.

 

[Bowgett]

Quote from S2007S:

Sell the Rallies....

I just reviewed every long position I have and didn't find good enough reasons to sell.

 

[Astrologer]

The market is not sucks it,s the bears who are getting sucked out from their ass

 

[HolyGrail]

When I sell this rally it won't be blindly, and it won't be for more than about 2 or 3 points. The market is strong today, so yes, you definitely have to pick your spots, and that spot is definitely not right now.

There is a definite pattern on a p&f chart for bullish reversals. The only problem I have is that sometimes during lunch those signals are less reliable than during other periods.

 

[MrDODGE]

Quote from S2007S:

Sell the Rallies....

That doesn't work anymore! Buy the rallies!!!

 

[HolyGrail]

Just got the signal to short.

 

[Ivanovich]

Quote from Astrologer:

The market is not sucks it,s the bears who are getting sucked out from their ass

Credit to the most disassembled sentence for the day.