You are describing us little guys. It is a zero sum game, someone else made money yesterday.
What are the most valuable lessons you have learned?
- Thread starter HuntingBenjamins
- Start date
Now I know, you were on the other side of my trades.
That's because yesterday was a FA move. The writing was on the wall the night before when Fitch stuck the US in a ditch like a bitch, so the smart money stayed out or rode the train down, because that's what happened the last time the USA had it's debt rating bitch-slapped.
I thought I was being clever by waiting for the NDX to drop 300 points before jumping in. Well, it sort of worked, in that I only suffered another 70ish points down during the day. Today was kinda' mreh, with the trade popping into profit only after AMZN reported, only to have AAPL later taketh away what AMZN givethed. lol
The NFP tomorrow will see some more givethething and takething before we get an afternoon rise into the sunset.
To my newbie self:
1) The market moves on sentiments, not fundamentals.
2) As such, everything is already factored in the price. Learn to read the price action and shut off the news.
3) Lastly, dumb money drives the market up, smart money takes it down.
Yup, I know a gut who knows a guy is not umm exactly rigorous irrefutable proof.
It’s not irrefutable proof. But the evidence is clear enough for you to make an educated conjecture - which is btw the skill of a good trader and a good businessman.
Market truths if ever there were. No need to know a guy who knows a guy or other such nonsense.
Which of course means there are ignored or dismissed by the masses. Good.
I feel like I actually have an answer to this question. This (attached) is it. 5 pages. Basically, after you've been trading long enough to experience certain phenomena, here's what to do about it.
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MOST people long/long in a bull market?? LOL Maybe right
Good profits 2023 like that.......Good comment, but not long/ for long time to lose all the profit on that day
Good day for inverse ETFs..............................................Not suitable for all investors like SCHW warns
Good for them....Being a small fish that swims under the radar has its advantages. You aren't a liquidity trap as long as you don't go where the too many of the other small fish go.
There have been many times when the clock was ticking and I was sweating bullets because the bill was about to come due, but then somehow I found some wiggle room and managed to slide my way out of trouble to trade the next day. If you look hard enough, opportunities for a way out present themselves.