@iV_trader I did not. I tried to catch falling knives all day. When I finally bought puts, I shit you not, the market turned 3 mins later. So awful. Awful trading by me. I've become so accustomed to every dip being bought. A trend day should be the easiest, I made it very difficult.
@KobeissiLetter Starts a fire,
Puts out a fire,
Self proclaims himself as a hero.
Trump is a fraud.
I mean trade was trading with China just fine before the tariff war,... similar to the Iran war that has achieved absolutely nothing, but now seeks China's help to end the war.
Comical.
The “assassination attempt” was 2 weeks ago. I haven’t heard a single thing about it from anyone in the administration or the media. It was completely planned and they didn’t like the reaction it received, so it’s like it never happened.
@spacemnke If it wasn't for amazing CAR and also QCOM my account would look very different and probably would've stopped trying to trade. My avg success rate is like 30%. The entries yesterday were near highs, and reverted every time. Luckily they came back for the most part today.
@mataetrades Can you explain a bit more? I see a credit spread involves selling one and buying another, but I'm not sure I'm allowed to do that in one account.
Good way to look at this is more out of the binary stance or intrayear gains from low to high.
People underestimate just how strong markets are in up years and how big intrayear rallies can be.
QQQ since ’99:
• Avg UP year close-to-close: ~+29%
• Avg UP year low-to-high: ~+40%+
• Avg DOWN year close-to-close: ~-30%
• Avg DOWN year peak-to-trough: ~-45%
Up years are basically 40% rallies that give back ~10% by NYE. The annual print hides the path.