Tomorrow will be a BRUTAL day in the market
- Thread starter SoyUnGanador
- Start date
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OK;
futures are not really about the future. 200dma is still down, but since you mentioned FRI, see how it closes.
FRI gap down\ cant really predict that\ but seems to be a bear trend again??
Didn't it already @ 10am?
Don't keep charts open for ETF's during the day so maybe I'm wrong. But $SPX did.
Hello maxinger,
Exactly. Trading is a serious business.
This business can cause severe losses so big that it stresses a human and subtract days of their life.
I recently met a trader who is currently down -$120,000 since November 2021. He told me he never sleeps well and have anexity.
Everyone talks about winning and making money. Noone dare talks about how they losing money.
God DAMN I'm good....
Yeh, market s&p was about 10 pts higher when I made that prediction. I'm only right about 50% of the time on my short term market predictions.
Huh? It was on its way down, time of the post, after topping?
Talk about it, mention it specifically how he lost money of $120K.
Losing money is sexier....rather than listening to making money stories.
Well, both sides are sexy. It's important for a trader to realize both sides of the planet.
It takes an older, wiser, mature person with experience to acknowledge both sides of the coin.
The dumb, naive, and young and inexperienced....tend to see only the upsides, and potential and bragging rights and the glorious rewards down the road...that never seem to come,
Good Morning MacBookProHo,
Yes, I agree. noone talks about the losses.
I do not know all the specific details how he lost the money but it was through a cycle of
1. Buying trading courses, indicators, mentors....etc.
2. And just flat out losing money trading.
He did not say specifically, but he did say he regret following a few paid trading teachers, chat rooms, etc.
#2 is most of the losses.
I think this is typical amongst retail traders in this trading business.
I have heard a few stories like this.
That's Exactly how the sad reality of social media trading/gurus....plays out,
It's very easy to Devlishly entice and woo.....the dumb, naive, young, inexperienced, and gullible....with Lamborghini's, Rolexes, Homes, Girls, Vacations.....You TOO....can Print Market Money from HOME....it's CoOoOoOoooOlL and AWEsom,
All you have to do....is $$$signup for my chatroom, course$s and s$ubscriptions, and content,
And the rest is history....Everyone Loses, of course. and the Salesman who sold his soul gets Rich.