Loading ...WHIPSAW CITY
Anyone playing these markets is getting whipsawed to death…especially traders in the Leveraged ETFs
I tried a sHort for a while there…HAD SOME NICE ST GAINS and bailed with a loss as usual.
Done trading now …forever …or until next week
Even the Wizard has been getting whipsawed…he is quite nimble though so losses are small BUT THE CAN ADD UP…Real Gains are IMPOSSIBLE in this schitzoid Market
Word to the Wise…STOP TRADING…YOU ARE TRADING AGAINST AI BOTS AND THEY WILL KILL YOU BOTH WAYS
“Real Gains are IMPOSSIBLE in this schitzoid Market”
No, but IMO most are trading against the trend, or oblivious of the fact that they are. As I keep saying, daily and even weekly charts ARE NOT ENOUGH except for scalpers.
It was just a few weeks ago, in reply to another poster who won’t be named or shamed, that I posted a chart showing us to be at a key inflection point and that odds favored a BULLISH outcome.
A certain someone else … with initial FGC … expressed his “c …logy” view that the market was a short. I said I was prepping to get long (for wave 5 up). That turn is ongoing, but still not a done deal.
You have to wait for the wind at your back, but you also need quality windsocks because its not always steady.
I hear you Fully. I decided last year to trade one of my larger accounts only 6 months out of the year (for seasonality reasons). I didn’t get a month into the down time when I saw a trade setup that I couldn’t refuse. It made money so I got cocky and started trading off-plan. By the time the six month off-season was done, I had lost a lot. Knowing yourself (can you stick to the plan you come up when there is no pressure or temptation) and then actually seeing it through is the hardest part of trading. Especially when you just know your system is in a losing trade and seeing your balance fall and resisting the urge to pull the trigger because you just know…