The naz opened big. Hard to trade these gap ups. Im just waiting for a set up here. Any of you do anything?
Tough trading gap ups
- Thread starter Storm_surge
- Start date
Nuveen Arizona Quality Municipal Income Fund (NAZ)
has been going down and down and down and down and ....
If you shorted it on Jan 2022, you should be a billionaire by now.
Don't try to catch the falling knife.
It seems like you are unable to press the SELL button first.
Millions of people can only press the BUY button first.
It could be due to their physical or mental handicap.
You need to learn how to press the SELL button first.
Anyway, you have already missed the boat which left in 2022.
You already knew the storm was surging yet you failed to profit from it.
When is NAZ going to surge to zero?
ALWAYS TRADE WITH THE TREND.
AND! DON'T MISS THE BOAT!!!!!
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EXACTLY\ depends on the seasonals also.
SEPT seasons tend to be so weak, weak week.
ON big % gainer like QQQ + related ;
easy to get a wrong risk reward ratio.
ON a real good trend SQQQ,PSQ , + related can do well, not today for me, not in those last day of SEPT.
Cash copper Hi grades +[ low grades LOL] are making some good uptrends;
but since barchart rates copper 24% sell[74% buy] think i may let cash profits ride.....
NOT a prediction + thank God not federal insured .....................................
Good time to find some good trends
What the hell is this maxinger guy talking about ? Why did he make such an incoherent, irrelevent comment ? Is he a troll ?
he's a victim of ai take over see once you start using it - it will try and take over your life so that you have more free time to obtain a deeper level of consciousness. btw you misspelled irrelevant.
no he has a point
No he doesn't, because he's posting something that has zero relevance to the OP. ZERO.
Its NY_Hood.
It sounds like you're referencing a trading scenario, possibly discussing the Nasdaq stock market (often abbreviated as "Naz") and its opening performance on a particular day.
When traders talk about markets "opening big," they typically mean that there's a significant price gap between the previous day's close and the current day's open, which can be caused by various factors including overnight news, earnings reports, geopolitical events, or other market-moving information. Such situations can indeed be challenging to trade due to the heightened volatility and unpredictability.
Your approach to wait for a setup is a prudent one. Many traders prefer to wait for the market to show its hand before jumping in, especially in volatile situations. They look for recognizable patterns, favorable risk-reward setups, or other indicators that align with their trading strategy.
To answer your question from a hypothetical standpoint: Different traders have different strategies. Some might jump in hoping to catch a continuation of the momentum, while others might wait for a pullback or other setups. Some might stay out altogether if the conditions don't align with their trading plan.
Remember, the key is consistency in approach, managing risk, and making informed decisions based on your analysis and strategy, rather than emotions.
When traders talk about markets "opening big," they typically mean that there's a significant price gap between the previous day's close and the current day's open, which can be caused by various factors including overnight news, earnings reports, geopolitical events, or other market-moving information. Such situations can indeed be challenging to trade due to the heightened volatility and unpredictability.
Your approach to wait for a setup is a prudent one. Many traders prefer to wait for the market to show its hand before jumping in, especially in volatile situations. They look for recognizable patterns, favorable risk-reward setups, or other indicators that align with their trading strategy.
To answer your question from a hypothetical standpoint: Different traders have different strategies. Some might jump in hoping to catch a continuation of the momentum, while others might wait for a pullback or other setups. Some might stay out altogether if the conditions don't align with their trading plan.
Remember, the key is consistency in approach, managing risk, and making informed decisions based on your analysis and strategy, rather than emotions.
Correct Overnight. Maxinger sounds like a real coward.