HPbrand

I think you are waiting for surety before having the confidence to enter a trade. Have you ever stopped and thought about this for a moment? The masses are doing exactly this. When a direction is so obvious to everybody, they start to enter thinking they will strike gold. This is the perfect time to take their money. It would help you to go and read and learn some human psychology. Find the application of the theories and it would help you to think differently than the masses.

Looks like another up day on US Indices. Like my chances with Nasdaq over Dow.

Nasdaq is still going up as I thought it would...waiting for the next opportunity to enter again.

For a minute I thought you were talking about my time with my ex 😂. Seriously consider trading much shorter time frame if TA isn't helping you for longer term trades. I got in Nasdaq yesterday and was going to hold a few days but I got out just now. Holding even for a few days might instill a little doubt especially if you are using a lot of margin. A person cannot expect a different result if they keep doing the same thing over and over.

Then why are you still here trading? The fact that you are still here indicates to me that you may still see hope of winning some day. So don't put yourself down. You cannot walk around with that victim mentality expecting to lose but somehow, hoping to win at the same time. You don't learn from the winning trades here mate. The temporary setbacks and losses are to give you the education your primary, secondary and university teachers never gave you to succeed financially in life. I hope you can change your way of thinking.

I meant % wise for Nasdaq. Again, the moment my more conservative target hits, I'm out. I think this should happen by the end of this week, possibly mid-week. Better be safe with smaller profits through more trades.

Several years till break even again? And you are still here not giving up! 💪 I would probably packed up my bags and venture into another business to recoup my losses.

US Indices are diverging. Nasdaq appears to have a greater chance to go up up up than both Dow and S&P in the short term. My longs are positioned accordingly.

For the past 2 years, it appears to be more and more difficult for us retail traders to hit jackpot trades safely. Anyone have this experience? Going forward, I have decided to shift focus to mainly small profits through many trades rather than holding positions overnight. Less potential profits for sure on paper but safer and easier.

Dow still has higher to go from here. I cut my losses drastically and hedging the remainder. Can't be too attached with wanting to be right 😄. Need to live longer to fight more battles to win the war. I expected Dow 30000+ later this year after a correction first but seems much sooner now which I am caught by surprise. The retracement will come when more trader's money like myself is taken first. @dmedin - trading against me may be a good strategy going forward 😂

My target yesterday to aim for is close to your purple support. If it does drop, I may have to settle for a smaller retracement for the time being. The most important word is "IF".

Doesn't feel good to be stuck in a draw down. I give till Friday on this one. If passes historical high, I will accept to be wrong.

😄😄 You are using me as a reference to trade against!

😂😂😂

I am confident with this Dow short. Going all in and holding for a few days if need be. p.s. Hopefully I am not Mr Nenner number 2.

Do you trade longer term or do you open/close positions daily/weekly? This is what I do, so it may differ from your trading setup.

Or visit the Waddesdon Manor at weekends hoping to bump into Lord Rothschild to ask him the market direction he has planned for us.

Have any one of you ever think to yourself how this guy makes his money? Charging $598/month access is a good start 😀.

It looks like a trap going back up this second time. I'm joining Mr Nenner, or worse, Chris "The Doomsday for Last 10 Years" Martenson for a short term drop.

Are people on here generally long term investors or short term traders (scalpers)?

By short term visit, I mean liquidate as soon as target hits because Dow may drop a bit for people like Mr Nenner to get excited about. As of yesterday night, at least 400-500 points up is quite possible and I think likely.

I am going to put myself on the line for this one. I am betting on Dow to shoot up today or tomorrow. But only a short term visit. This is based purely on psychology and a bit of TA.

Besides over analyis due to TA, I think one of the least talked about criteria to successful trading is account size. The mainstream narrative is always promoting "huge gains is within reach even with little money to start". This is quite understandable given new retail investors are constantly needed for slaughter to fund the commission stream for brokerages. A realistic starting amount should be a minimum low 5 figures. I can see many newcomers will be deterred to open accounts if the are told to start with a 25-30k minimum to have a chance of winning. Ever heard the 90/90/90 rule? It happens for a reason. And initial capital plays a key role.

Very true! If he has the time to figure out the markets, he should spend some time to visit a hair stylist and buy crease free shirt. By the sounds of him, he should be at least a multi millionaire.

I think Dow going sideways is more likely for the time being than a big "40%" drop. That is too far of a drop since we still have to visit Dow 30000 later this year. On a side note, IG Client Sentiment is not being updated regularly. I wonder if IG or some other entity are positioning themselves first for shorter term trades.