Just depressing to see this bull rocket ship leave without me. I have been bulled up for most of this month and I was holding the ES looking for a move higher but thought we would have some intraday pullback volatility which would let me get back in cheaper after my premarket sales.
If you want to make the big bucks, you CANNOT try to play the intraday squiggles. Because for every time that you are able to make a few bucks on the intraday volatility, there will be days like today where the market just goes one way the whole day and you miss out on the bigger picture move. That is what happened to me today, I turned a great trade into a good trade by cutting it off too early. Let this be a lesson to you the next time you want to trade around your position.
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I think this is more than "intraday squiggles". Essentially you're trying to time the market, which is evident from many of your posts, ranging from intraday to weekly predictions. I admire your analysis, but find the market timing part too much.
Yes, I am a market timer. It helps in volatile markets because I can play the range effectively but when we have one way markets like the past 3 weeks, it does hurt overall performance. If I didn't try to time the market, I would have made much less between end of August and end of September.
Yes, I did make much less from the beginning of October by trying to time the market instead of being long, but did catch decent chunks of the up move along the way.
Newbies dawg. Do you really need to explain stuff to them? LOL
Isn't trading 100% about timing? I think so...
Timing is everything. The market can be timed, its just not easy.
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