"Funny I look at that chart and see the market opening down -5% lol!!"
Exactly my point - ergo - intervention.
Posted 02 December 2022 - 03:50 PM
"Funny I look at that chart and see the market opening down -5% lol!!"
Exactly my point - ergo - intervention.
Posted 04 December 2022 - 11:14 AM
Whalla told ya, guess I could think about putting trades up again, now we'll see if it holds, I have my profit stop on lol!!!
Posted 04 December 2022 - 11:14 AM
Whalla told ya, guess I could think about putting trades up again, now we'll see if it holds, I have my profit stop on lol!!!
Edited by CLK, 04 December 2022 - 11:15 AM.
Posted 04 December 2022 - 05:29 PM
Too many are expecting the markets to fail at this major resistance point, see chart here:
https://twitter.com/...8265473/photo/1
It may but it does not have to, the situation is different now, and I am looking for the markets to vault above it and rally at least 5%
Posted 05 December 2022 - 09:40 AM
Well how about that, will go short later on as call prices remain elevated here in my belief but until then, profit stop 4050...
Posted 05 December 2022 - 09:41 AM
whops wrong thread I'll answer clk later
Posted 05 December 2022 - 10:29 AM
Whalla told ya, guess I could think about putting trades up again, now we'll see if it holds, I have my profit stop on lol!!!
I see nothing wrong with your trading style, it's just that averaging down in losing positions until you finally end up right is not for everyone, and then for all that work you have to admit you were wrong on timing and bail for 1 point profit when rebound and start the process all over again until you hit the 100 point gain. Not everyone has the funds or willingness to average down, it's a lot of work
trading your style, but no one said there was an easy way to trade profitably.
Hmmmmm you have to remember what I have been saying for almost a year now. In my first year you would have noticed I had more trend following trades going with tons of 100 point gains and this year its more of a grind market so easy to average down instead of placing stop "losses" until I get my set level. All said and done in today's market its pretty easy to average down to get it set and then go in the direction you think its going. Obviously with 2 straight years of gains I had my direction of the market correct it just took a little longer. It's easy to sit back and make a call and then flip to the other way when all your doing is talking. Besides all that its not alot of work. I do most if it in the first couple hours of the market open then I move on with my day and do other things. Also don't forget my main trading vehicle is selling option premium I just do the trading for fun and think I'm pretty good at it. To me it just comes naturally as I like to follow the tape. I don't sit here and look at a screens and a million indicators. While I was down south the entire week I traded off of my phone lol!!
Posted 05 December 2022 - 12:29 PM
Whalla told ya, guess I could think about putting trades up again, now we'll see if it holds, I have my profit stop on lol!!!
I see nothing wrong with your trading style, it's just that averaging down in losing positions until you finally end up right is not for everyone, and then for all that work you have to admit you were wrong on timing and bail for 1 point profit when rebound and start the process all over again until you hit the 100 point gain. Not everyone has the funds or willingness to average down, it's a lot of work
trading your style, but no one said there was an easy way to trade profitably.
Hmmmmm you have to remember what I have been saying for almost a year now. In my first year you would have noticed I had more trend following trades going with tons of 100 point gains and this year its more of a grind market so easy to average down instead of placing stop "losses" until I get my set level. All said and done in today's market its pretty easy to average down to get it set and then go in the direction you think its going. Obviously with 2 straight years of gains I had my direction of the market correct it just took a little longer. It's easy to sit back and make a call and then flip to the other way when all your doing is talking. Besides all that its not alot of work. I do most if it in the first couple hours of the market open then I move on with my day and do other things. Also don't forget my main trading vehicle is selling option premium I just do the trading for fun and think I'm pretty good at it. To me it just comes naturally as I like to follow the tape. I don't sit here and look at a screens and a million indicators. While I was down south the entire week I traded off of my phone lol!!
here's my thoughts CLK, and anyone else, 2 years no losses and active trading suggests pretty good returns. no loss equals preservation of capital, only wins.
it seems unordinary and extraordinary. I'm sure others out there have investing tricks giving them good profits, would love to hear from others about great winning strategies that have such good protection of capital.