@CJS04, It's crazy and hard to trade, there are many mixed signals, I lost too much last 10 days, I hope I recover some of it with XLF and ATVI. last time XLF profit was over 100%. whats your opinion about it?
@shkspr, Sorry bud. I am down massive in my short positions too (stocks). Been short a few things that just did not go as planned and refuse to take the loss. I know its not if but when things collapse. I am really trying not to look. I actually just picked up a book on Fib... I want to master that tool. I am sitting here absolutely dumb founded as I just cant make much sense of things. I hear some people saying crash next year.. I just cant see how. Am I missing something? I feel like it happens this fall. And I am not looking to break March 2020' lows either. Just a healthy 30 percent move down. Going off a basic chart on XLF.. this is what I would want to see... One of the two orange areas
Am I just dumb? I am feeling it...
@CJS04, I'm sorry my friend, it feels awful. I know, but please think about my idea, you are a very good technical person, but market is not working that way anymore, FED is manipulating market every night, these technical work when they respect principals, the only strategy that works is following money, my loss is because of my action plan, actually I am right about trend, I just have no patience and act like amateures. but strategy works very well, lets combine these two strategies, it will be most reliable strategy, I'm sure about it.
@shkspr, We will both recoup. Your loses are from trading and taking stops or because you are short and holding? I have no patience either. lol I hope to tackle this 150 page book in the next few days but something tells me you probably know it all already. lol. Ill share if I find anything good in it though.
@CJS04, because I should w8 until it hit my target and I close my position before it, or with a small profit. I have no short position, only IWM. that obviously is in huge lose, lol. enjoy it, and share whatever you think is cool, I know a little, but I really want to be master of it, you know what is really cool by my idea, Elliot waves. it's cool and practical if you merge it with other strategies and use your brain, I know many legends use it.