Todays action destroyed many traders

[s trader]

I sold short right at the top for a 3 points ES gain. I thought they were going to pull my leg again like last time. Green shoots all the way till the close.

 

[maxinger]

Today's action destroyed many traders
--->
Today's action benefitted many traders


Today's action destroyed members of eliteinvestors
--->
Today's action benefitted members of elitetraders

 

[The_Krakenite]

Traders got sucked in today with the hopes of-

Spoken like a one-way investor, not a trader.

These are two different things.

 

[RedSun]

I normally do not day trade much. But today is special.

But as to benefit whom, some benefit and some get hurt.....

 

[nooby_mcnoob]

I normally do not day trade much. But today is special.

But as to benefit whom, some benefit and some get hurt.....

View attachment 276497

My aim is to have just a few of these days a year, rest of the time don't lose money. If the market doesn't become flat, I think I might actually get there :-O

 

[The_Krakenite]

My aim is to have just a few of these days a year,

Speak for yourself!

I wish we could have days like this almost every day.

 

[nooby_mcnoob]

Speak for yourself!

I wish we could have days like this almost every day.

I literally was speaking for myself...

 

[Jack1960]

Days like today are great for traders.

 

[Overnight]

I literally was speaking for myself...

And I have literally thought the same thing. In my fantasy world of trading, I always thought to myself, "Man, how cool would it be to catch a 500-point move in the NQ with a couple of contracts. That's 20-40K in a day. All you need is to do that a couple times per year, and you are set for life".

Of course, real life doesn't work like that, because in order to do that, you'd need millions in an account to even attempt it. So I dream the lazy dream, and will never be that. But I still dream.

 

[RedSun]

The most important thing is: Trend is your best friend. And do not fight the market.

I know it is easy said than do it....