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Which expert predicted market would slide 47 SPX intra-day points ?


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#11 pdx5

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    I want return OF my money more than return ON my money

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Posted 12 August 2020 - 12:23 PM

 

One thing that's interesting is that this board is now dead what happened to everyone, they quit trading?

only a very few post real time trades

 

expected retest attempt under way.

 

i will be adding if I get my fill 

 

 

Since I am a intermediate term trader I usually pay no attention to day trades.

Those days are long gone for me ( when I was in my 20's and early 30's) 

It is not wise to trade 6 figure trades on very short term basis,

So now it is strictly buy buy when market is on clearance sale such as in March this year

then be patient, wait a few months, and sell as soon if 20%+ profit occurs. I try to not get greedy .

Already cashed in more profit this year than best  5 years combined salary during my working years

in 4 short months. This is too easy and surreal. Even more strange is I will pay no additional

capital gains tax for 2020 because it was all tax deferred stuff.

Hanging on with dear life on to taxable gains with fingers crossed until those turn long term. 

It is crazy the market just keeps going up. Cape PE is now higher than at  top before 1929 crash


Edited by pdx5, 12 August 2020 - 12:28 PM.

"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#12 slupert

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Posted 12 August 2020 - 02:44 PM

Those 47 points aren't that important, since some genius realized it was just a shakeout.