Day trading has serious risks, 1% of all daytraders are profitable over 5 years. 95% of investors are profitable over 20 years. You're probably not the 1% NFA
I want to make my stance crystal clear - I think we're in a recession, I think equities will see a big ol correction, as it has done a 100 times in our past
I think dollar shall rise, and I don't really have an opinion on bonds
Those are my viewpoints, I'll be trading those
I interrupt my normally scheduled vacation to let the masses know ant shall be going swing short this morning
I expect a ~6% correction to begin shortly
$qqq 582 the magic level - daily close above and 590 may trade which then becomes new entry level
Covid mortgage forbearance ends oct 31st
3 month tick tock til foreclosures double
Over a million homes must either be brought back to balance or will foreclosed
I only bought because I had a baby and ran out of time
Next year will be the year
Wife: “I want to go see a house today”
-No
“It’s on over an acre”
-No
“There’s a separate casita on the other side of the property that could be your office”
-Make an offer
Alright folksy
TBH this market is very poor, I am not enjoying my time trying to trade this slop
So I shall take a social media break, I'll see ya in a week or something
It’s been a rough few months for me
I had a drawdown of ~140k since about September - I’ve gotten about a 120 of that back past couple of weeks, always more work to do
That’s trading though, it’s not all yachts lambos and success - in fact, that’s the 2% - the 98% is what I
This is 4th time I've seen such 'careless' reactions to headlines in markets, when normally it does care
Always ends poorly
These phases are hardest to trade because nothing matters, technicals, fundamentals, none of it means anything
Until it does
This platform is full of “wanna bes” - and lots of entitled losers who will never amount to anything in life
While I was “building” my trading success - I cared greatly what other people thought of me on here
But now that I’m pulling in close to a milly in profits you know
Now that we're making money hand over fist I just wanna say a bunch of you acted like little bitches on this trade
Do something about it next time, either buy more time or size less, don't whine to me cause it took a day longer than normal