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07/17/2015 Live Update

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Cobra
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Re: 07/17/2015 Live Update

Post by Cobra »


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joeynickels
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Re: 07/17/2015 Live Update

Post by joeynickels »

Unique wrote:A little into trading psychology about the week I had and thought it could help others that are in similar situations:

Today, I just realized I missed out on a riding 1000% gain on GOOGL and settled for a
double earlier this week. Context: I longed both AMZN and GOOGL around 9:40 on Monday and
took majority of profits on both when it doubled by Tuesday, I kept 1/10 of initial AMZN riding until
Thursday. I vividly remember when these situations often occur a few years ago, I would become very
moody or/and lose sleep over these types of things. It’s important to take a step back and realize,
trading is a life long journey of continuous improvement and learning while being disciplined and
following your own rule sets. You can’t realistically squeeze every dollar out of every trade you execute,
therefore it’s a waste of time to keep thinking about it. It is what it is, accept it and move on. There’s no
looking back for trading, especially if you’re a day trader like me. Life is too short, gonna enjoy weekend
with friends now. Peace out and have a great weekend all! :P
Good perspective.
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MrMiyagi
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Post by MrMiyagi »

Market has no downside catalyst left. Greece done, China bounce, Iran done.
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quientuves
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Re: 07/17/2015 Live Update

Post by quientuves »

What about US debt ceiling?
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MrMiyagi
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Joined: Sun Oct 16, 2011 12:48 pm

Post by MrMiyagi »

quientuves wrote:What about US debt ceiling?
That buzzword is so passe my friend!
jway888
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Joined: Tue Jul 22, 2014 4:52 pm

Re:

Post by jway888 »

MrMiyagi wrote:Market has no downside catalyst left. Greece done, China bounce, Iran done.

I would have to disagree, there is one left though.

ISIS selling ice-cream

to Barry
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MrMiyagi
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Post by MrMiyagi »

jway888 wrote:I would have to disagree, there is one left though.

ISIS selling ice-cream

to Barry
That won't work, most blacks are lactose-intolerant!
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re:

Post by fehro »

MrMiyagi wrote:Market has no downside catalyst left. Greece done, China bounce, Iran done.
brewing next issues?.. :roll:
http://www.businessinsider.com/puerto-r ... rdy-2015-7

http://www.reuters.com/article/2015/07/ ... LP20150716
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MrMiyagi
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Post by MrMiyagi »

I say day's low was in, 5 minute MACD crossing up.
fehro
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Re: 07/17/2015 Live Update

Post by fehro »

NDX gains on RUT's pain... new LOD, testing 20d..
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Screen Shot 2015-07-17 at 9.59.18 AM.png
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Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 07/17/2015 Live Update

Post by Al_Dente »

NO POLITICS
NO RACISM

$OEX new high (ATH] indicates the LARGE CAPS are in charge
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 07/17/2015 Live Update

Post by Cobra »

triangle? continuation pattern in theory but nowadays mostly reversal pattern.
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1.png

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DellGriffith
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Re: 07/17/2015 Live Update

Post by DellGriffith »

Looks like I sold my longs at the top....if we're talking RUT or the DOW. Spy kept going. QQQ is heading for outer space.

A split decision.
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23
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Tutti
Posts: 565
Joined: Tue Sep 13, 2011 9:19 am
Location: New York

Re: 07/17/2015 Live Update

Post by Tutti »

joeynickels wrote:
Unique wrote:A little into trading psychology about the week I had and thought it could help others that are in similar situations:

Today, I just realized I missed out on a riding 1000% gain on GOOGL and settled for a
double earlier this week. Context: I longed both AMZN and GOOGL around 9:40 on Monday and
took majority of profits on both when it doubled by Tuesday, I kept 1/10 of initial AMZN riding until
Thursday. I vividly remember when these situations often occur a few years ago, I would become very
moody or/and lose sleep over these types of things. It’s important to take a step back and realize,
trading is a life long journey of continuous improvement and learning while being disciplined and
following your own rule sets. You can’t realistically squeeze every dollar out of every trade you execute,
therefore it’s a waste of time to keep thinking about it. It is what it is, accept it and move on. There’s no
looking back for trading, especially if you’re a day trader like me. Life is too short, gonna enjoy weekend
with friends now. Peace out and have a great weekend all! :P
Good perspective.
This is a good example of the very human construct of regret and how to not focus on it.

How many, "if I only..." are we as traders faced with on a daily/weekly/annual basis? Post -trade, it's one thing to review to see if a mistake was made and if so how to not make that mistake again. However, it is a complete waste of emotional capital to beat oneself about the head and shoulders for not fully optimizing every trade. Nobody knows what the next second will bring and as long as a trade colors within the lines of ones rules, just go onto the next.
fehro
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Re: 07/17/2015 Live Update

Post by fehro »

internals..NDX negative yet green.. power of GOOGL
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Screen Shot 2015-07-17 at 10.08.23 AM.png
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Al_Dente
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Re: 07/17/2015 Live Update

Post by Al_Dente »

CF
Circuit breaker halt
Merger buzz
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 07/17/2015 Live Update

Post by Al_Dente »

XIV is outperforming TQQQ
5 days % performance
(also outperforming over 10 days; not on this chart)
717xiv outperforms.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
ALdaytrade
Posts: 1244
Joined: Thu Apr 04, 2013 12:55 pm

Re: 07/17/2015 Live Update

Post by ALdaytrade »

Cobra wrote:triangle? continuation pattern in theory but nowadays mostly reversal pattern.
This looks like it is building a H&S.
ALdaytrade
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Joined: Thu Apr 04, 2013 12:55 pm

Re: 07/17/2015 Live Update

Post by ALdaytrade »

Al_Dente wrote:NO POLITICS
NO RACISM

$OEX new high (ATH] indicates the LARGE CAPS are in charge
$OEX crossing down on fast stochastics.
ALdaytrade
Posts: 1244
Joined: Thu Apr 04, 2013 12:55 pm

Re: 07/17/2015 Live Update

Post by ALdaytrade »

Also $VIX FUTURES making an I H&S. For $UVXY
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