In a bull market, you want to buy the leading stocks, indexes.
I went long 83 last night with a wide stop, closed at 43 manually expecting below 30 on a retest.
If I had been trading Nasdaq, then I would have not taken the loss.
If you make a mistake, you are guaranteed to be made whole the next day, regardless of how weak INDU or SPX are still.
People cite something about volatility risk with Nasdaq. What volatility? It made new highs today.
You are still stuck with a 40% loss on a futures trade here.
I'm done with S&P500 futures trading, removed it from my list. It's a good instrument for bearish traders, that's all.
I
Edited by CLK, 07 July 2020 - 01:25 PM.