$SPY puts are up 7% here
2 speakers are going to be speaking in 15 minutes & then another one in 30 minutes
I would set my SL around breakeven to be careful with them invalidating our trade
Not perfect but...
This is where my head is at on $SPY $ES for the upside scenario.
Looking for shorts interim and up to the gap probably.
This also means #BTC๏ฟผ and everything you own will have a good time. Everything is dependent on the indices right now.
I'm part of the "some"...
U.S. stocks flash rare bull-market signal for first time in nearly 3 years, but some have their doubts https://t.co/DAJnMJ5ICj
@ValueAnalyst1 ๐จ Over the long haul, these dips look like blips along the way. ๐
Still think we have yet to bottom, but cool graphic to show all that the markets have faced over the years.
What names do you like for the long term ? $SPX $QQQ $VIX
๐จ Over the long haul, these dips look like blips along the way. ๐
Still think we have yet to bottom, but cool graphic to show all that the markets have faced over the years.
What names do you like for the long term ? $SPX $QQQ $VIX
@AcetheKidKT ๐จ Over the long haul, these dips look like blips along the way. ๐
Still think we have yet to bottom, but cool graphic to show all that the markets have faced over the years.
What names do you like for the long term ? $SPX $QQQ $VIX
I rather sell a stock 3 times with a very small loss than sell it 1 time with a big loss! Hit-rate doesn't matter for me. I not in the game to be right, I am in the game to make money.
Prediction is worthless in #stock#trading. Reacting is the key. There are millions of market participants and you have no idea about their future move. But you can observe their previous move and create scenarios about potential future moves and assign a probability.
Great traders are great risk managers. Most of them have more sell and risk management rules than buy rules!
It's difficult to work against deep draw downs, but easy for small draw donws.
A big mistake in #trading: FORCING TRADES! If there is nothing to trade, don't search for trades. Be patient and wait until setups pop up in your screeners and the market offers you a window of opportunity again.
MY personal biggest #trading mistakes:
1) Looking for a short term approach with more profits
2) Spontaneous trades because the chart looks good
3) Trade too much because I want to recover faster from losses
4) Try to catch a top in the market
5) Get distracted by social media
In my opinion, there is no shortcut to become a #successful#trader, just as there is no shortcut to become a successful athlete. Practice, learning from mistakes and building up experience are the only ways.