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Caseynotes

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58 minutes ago, THT said:

Trade what you SEE not what you think - markets can be irrational far longer than you can be solvent

the 76% retail traders holding short positions during a bull run for the big indices is fairly typical and roughly equates with 75% of retail traders who lose money.

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1 hour ago, Caseynotes said:

the 76% retail traders holding short positions during a bull run for the big indices is fairly typical and roughly equates with 75% of retail traders who lose money.

Yep I hate to say it but its nice to see the retail crowd the opposite of my positions at times

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Witnessed this phenomenon in the indices for years and written several threads on it, the keenness with which retail traders try to second guess the start of a correction, no thought to wait for any confirmatory signals, just get in there and wait.

But the thing that's always bugged me is where on earth do these guys hang their stops? If the chart is continually making new highs there is no prior chart structure to lean it on. Do they even bother with one?

It's not a loss until you book the trade.

image.png.f96e2172a1898c7ffa2c40567b46a2ee.png

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1 hour ago, Caseynotes said:

Witnessed this phenomenon in the indices for years and written several threads on it, the keenness with which retail traders try to second guess the start of a correction, no thought to wait for any confirmatory signals, just get in there and wait.

But the thing that's always bugged me is where on earth do these guys hang their stops? If the chart is continually making new highs there is no prior chart structure to lean it on. Do they even bother with one?

It's not a loss until you book the trade.

image.png.f96e2172a1898c7ffa2c40567b46a2ee.png

LOL - I think most traders have done that before I certainly have until I learnt not to guess

 

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