HPbrand

The sentiment index right now is S&P 72%, Dow 61%. Yes, you could go long now and get taken out. But what you need to monitor is change whilst the market moves. I'm saying it will help, not a guarantee to make the right trade.

So can we. Caseynotes first brought my attention to that and some of the times, it does help.

That's what I have been saying. You need a 5 figure account to day trade. Otherwise, buy and hold is better.

This is called profit taking. Day trading means taking profits FAST when opportunity arises. You must do the same because the longer you are in a trade, the more risks you are taking (in day trading).

Just because muppets like Mr Nenner manages to get decade of losses under his belt, doesn't mean others with half a brain has to follow suit. Going short is not the way to go mate. Dow is going to 30000+ sometime later this year. Shorter term corrections yes, but shorting to eternity will result in people holding cups asking for spare change.

If all else fails, B&Q sells ropes. Joking aside, you need to get in when people are waiting but indications for upside.

I'm confident it is going higher. Take the profits when it reaches target.

You should consider being an author on the side. Quite amusing rant. 😄

If you have never seen one, become one! On another note, I have increased my Nasdaq long. Waiting for confirmation before contemplating going all in for the day.

The most important words to pay attention here are "may miss". Which makes me think we might end up closing up again and recover this early loss on US indices. Placed a small bet going long. Let's see the open reaction.

Have you started your short? You sound tempted late last week.

I think US indices today is probably going to be the same as last Friday. Drop at some point but close up higher at the end. Let's wait for the real action for when the market open properly tomorrow.

The market may trap us if on the wrong side of the trade when it opens next week. I will be cautious myself and watch what happens first. Obviously, Options people can sleep well regardless.

Good enough of a trading day for me!

The drop of Nasdaq (maybe Dow also) is unlikely today. I still think it will close higher near closing time leaving the potential drop early next week if it happens. The volatility is expected to increase. Probably not wise for those to leave open positions going long.

What's stopping you opening an infinite number of Options if the only penalty is losing the deposit when it expires? One can set the expiry date far far into the future to be safe. Plus, I assume there is no overnight cost holding the position which immediately is more advantageous over CFD/Spreadbet.

If your Option is for S&P 3400 in 6 months, what happens if it hits that level before or after? Do you win or lose? Haven't studied Options...and have no need so far but sounds intriguing.

It looks like another up day but with caution. You are quite right about the afternoon which I am holding back some ammunition for that scenario to play out.

You still get change after a happy meal from McDonalds. Can't complain there.

I have not studied or traded FTSE before because I always found it to be less popular to US indices and less activity. Just a matter of preference I suppose. The most important question in trading is always "what makes you money".

Betting long on Nasdaq over Dow and S&P for the time being offers greater % profit I think. I noticed the indices had been diverging since January. The gap may increase further until Dow 30000. On Monday US markets are closed. Perfect opportunity to increase the volatility to trap us by going down?! Don't know about you guys but I will avoid overnight positions and take whatever profits I can before close each day.

How considerate of the NHS 😂

Not a nice way to describe a person, is it? Who is going to have a drink with him at the local pub with that kind of tag on his forehead? 😄

I think US indices are closing higher later today. Shorting might not be a good idea today. Tomorrow might be a different story.

Visible stop losses exists for the whales to know exactly how many points to advance or drop to stop traders out even if they are on the correct side of the trade. I have never met successful traders in real life making consistent gains would choose to gamble with an open hand for everyone to see. Algorithmic trading is not as profitable as you think it is. Only the biggest players can afford to make money that way. I'm talking about players like Renaissance Technologies.