HPbrand
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Posts posted by HPbrand
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3 minutes ago, dmedin said:
Anybody who has money in an S&P 500 tracker is taking losses but by this time next year they will have made them all back and then some ... they are saving money for retirement and not trading on a daily basis.
I was not referring to long term investors that will take their holdings with them 6 feet under. I was referring to frequent traders.
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There are many revenge traders out there mate. Cannot accept the market going against them so they double down and double down. How do I know? I was this idiot before.
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4 minutes ago, Caseynotes said:
why? are you hodling?
I'm not stupid enough to go long unlike many contrarians.
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A lot of people are getting REKT.
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Dow is like some girls isn't it? Not giving up on the first date. Just get it done with so I can move on.
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I'm looking to hit 26400 and GTFO because the rebounce can happen .
Cannot wait for a direction that is obvious for every one to see to enter.
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Short the Dow today but don't be too greedy.
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5 hours ago, cheviot said:
Is that your upside buy signal ...or do you sell there ?
I d say that was a retrace you sell at ??
No, not buy signal. 28400 is my estimation for deciding up or down for the medium term.
I day trade so care more about daily direction. As of close tonight, it looks so far away from that level.🤔
Let's see what the overnight reaction has in store for us and hopefully we all make some more money tomorrow.
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This rebounce may not be sustainable so holding both long or short positions overnight is risky. I will go by my end of month (Friday) close of Dow 28400, if breached, to determine which way to bet big.
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I think shorting today is a good bet. I have a target of ~ Dow 26900-26700. Just checked the Sentiment Index - there are too many longs.
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5 minutes ago, AndrewS said:
I make out the 200 day moving average to be around 27315.
I think it will go sub 27000, maybe test 26800 this week. Tomorrow will tell us more.
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4 minutes ago, dmedin said:
This is full-on panic stations ... ? Don't see a V bounce off this one this time, will take time to rebuild?
Probably a while.... but very short term retracements are likely though. Maybe I am quite right on this one (after two big losses).
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Who is still short? I closed my short positions for the day and see what happens tomorrow. Better to be safe than trapped.
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We must not get too complacent. Although sub 27000 looks likely, a quick rebounce beforehand by the stop grabbers is always in play.
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Volatility trades like the past days will make all of us multi millionaires at some point 😄😄
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17 minutes ago, Caseynotes said:
ah, so it did originate in a govt bioweapons facility after all 😳
I definitely did not say that 😆
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17 minutes ago, Caseynotes said:
Interesting coronavirus stats starting to emerge in that the deaths are mostly in the over 70's age group in both China and Italy. The younger age groups seem to recover quickly and be discharged from hospital within a week.
Some believe OAPs have served their purpose. Lingering around is only a burden to government pension payouts. How convenient this virus helps solve one of society's aging problem.
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4 hours ago, dmedin said:
lol I'm not like that ... I don't generally use other people's opinions as something to trade against. But as it happens I am back to being long.
Now yesterday I traded like a pig and needlessly gave up some of my gains in the most stupid, lazy and dumb manner. I am a complete fool!
I thought you needed a safe trading idea 😂😂...so just trying to help out!
You were shorting the market yesterday right? How could you gave up some gains??
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Increased my short position as of now to 35% allocation. I stand by my "below Dow 28400 end of week close" to signal 27500 region. Could bounce back up a bit before the decline again, hence holding back my funds until market opens.
@dmedinI have been very wrong twice already. Does it give you confidence to go long from here and trade against me on this one??
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3 hours ago, cheviot said:
There s going to be some WHOPPING BIG margin calls tonight.....every INDX is down and so is every commodity across the world !! I ca nt remember that happening before....since I started in 1984 ....
The vast majority are shorting the Indices markets to eternity. So at least that side won't trigger as much margin calls, but the rest...... At least we know Mr Nenner can afford a haircut and new ironed shirt soon.
1984? Blimey. You have lived through many of the peaks and troughs.
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I'm getting out for the day and see what happens.
Leaving a small short position, but could likely to have a rebounce very short term. Better to keep my firepower at better levels.
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What is your next support if 28165 falls through? If 28400 doesn't hold this week, I have 27700 or less.
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7 minutes ago, dmedin said:
Just focus your mind on 10 - 20 years into the future ...
I might not be around in 20 years time to reap the benefits. Fogging the mirror is troublesome lately.
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Off topic related to Caseynotes previous post.
http://www.centerforhealthsecurity.org/event201/videos.html
October 2019...is Johnson&Johnson a firm buy?🤔🤔
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Indices
in Indices and Macro Events
Posted
Also buy and hold strategies guarantees them to be wage slaves as @dmedin refers them to be. Simply cannot afford a comfortable retirement from that kind of returns. You want an example just look at what Mr Nenner looks like. This is the face of a man in denial. The poor chap will see the current correction as once in a lifetime to short to Dow 2000.