When the S&P 500 is diving on news like this morning, sell bad trades and buy SDS to short it. This is how you make money in bad situation.
Just noticed this. Could be something to keep an eye on. I'm net short on the DJI & S&P right now.
Wave 4 correction appears to be complete. Got a little help from Todd Gordon, Elliott wave analyst/trader. Check him out!
Getting ready for the floor to fall out from under our extended bull market. This is gonna be a great place to chill and gain from the losses in the S&P 500 index. I expect the S&P could lose up to 20-30%, which would also put us over the needed 20% for a bear market to ensue. ABC correction is beginning here after this wave 5. Buying in @ $40-41
Looking to have found a possible bottom or top depending on how you view this. SDS looks to capatilize on a bearish market. Seems a safe hedge given current S&P conditions.
How strong is your Trader Mentality? Signs of an "Amateur Mindset" If you identify with any of these characteristics while trading, you are suffering from an Amateur Mindset. These are normal when first learning how to trade, and even common in advanced traders who have not yet mastered their trading psychology. Very succesful traders may still occasionally...
Direction Bearish Color Red Number 9
SDS Testing Hull MA Waiting For New Color & Number Color Blue Number None
SDS Waiting For Test Hull MA To Determine Direction Color Blue Number 5
SDS Waiting For New Color To Confirm Direction Color Blue Number 4
SDS Making New Lows Color Blue Number 5
SDS Waiting For New Color & Number Color Green Number None