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Managing to claw back some of my money from last weeks horror show thankfully.still a ways to go though.at least now even the bulls can go to bed nervous for a change lol.hope you are correct in your -200 call k…really should see it.
I hope so too.
We are back to the levels we were at on 2nd June, which is last Monday, 9 days ago.
We always knew it would lose weeks of gains in days, but they just took it so far up, that it became impossible to add anywhere near the highs and hold.
We basically got stuck in the sharpest and biggest rally since 2000.
Plan your trade, trade your plan!
Closed SPX 3100.4 from last wednesday at 3059.6 for 41 points. I spook closed it on the rally up from the lows. It was 10 points lower.
Personally, it is too soon, but I wanted some bankings today.
If I can add back I will later.
Plan your trade, trade your plan!
Always the way 100 point below where I closed today.. How does one hold with that rip roaring rally we saw.
I always say I am going to hang on for a deep retrace and I fail to keep my cool and follow the plan.
Pritpal you have nearly got your 200 points.
what a week i only have £2 short dow + £2 dax in 2 days i went from -13k to -5.9k
good job i was not watching today i would had try to hedge and i would had been burned
dow went from 27600 at the hight to 25425 up to now the low thats over 2k points in 2 days.
No way for the bulls to recover after such a hit it will days for them to go back to 27K again and that is if they were to recover.
Always the way 100 point below where I closed today.. How does one hold with that rip roaring rally we saw. I always say I am going to hang on for a deep retrace and I fail to keep my cool and follow the plan. Pritpal you have nearly got your 200 points.
Only reason I held is that I expect a 200 point fall from the highs. Even then I spooked it Kitsu. They made it very hard this time round to hold, particularly for the reasons I posted just above.
Plan your trade, trade your plan!
When I read about all the millenials trading airline stocks and cruise line stocks and making thousands a day, you knew there would be trouble for them ahead.
Plan your trade, trade your plan!
I am happy I decided to just watch after closing and not buy a dip. There are so many unfilled gaps below on SPx next one down is 2955.5, 2863.7
I know how you feel stathis,last week was pretty sickening. todays action has got me back 65% of last weeks astonishing rally.normally you would say the high is in..no doubt,with quad oe in this mad lunatic of a year..im not so sure.
When I read about all the millenials trading airline stocks and cruise line stocks and making thousands a day, you knew there would be trouble for them ahead.
There was someone on you tube calling Warren Buffet an idiot. This person was making lots of money day trading and it was so easy……
I didn’t want to jinx it yesterday and say it was a good reason for a reversal to punish all those who were complacent. I even had friends calling me on a high asking for stock tips to get into.
Just read Snow Ball by Warren whose ethos was to get rich slowly .
When I read about all the millenials trading airline stocks and cruise line stocks and making thousands a day, you knew there would be trouble for them ahead.
There was someone on you tube calling Warren Buffet an idiot. This person was making lots of money day trading and it was so easy…… I didn’t want to jinx it yesterday and say it was a good reason for a reversal to punish all those who were complacent. I even had friends calling me on a high asking for stock tips to get into. Just read Snow Ball by Warren whose ethos was to get rich slowly .
Indeed about jinxing it. Damned if you do Damned if you don’t.
So true though, for newbies, it must have been so easy to long and make money every day. They have yet to learn that lesson of no such thing as easy money.
Plan your trade, trade your plan!
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