Smalls, 9 points in 10 minutes and presto it just stops on a dime. Makes me wonder if I have more in common with the woman in the Verizon super bowl ad than I know or why else would I be trying to trade this mess on an unemotional basis.
I watched the famous flash crash in real time. Have been scared to be long without a good stop ever since. On the other hand it is only occasionally that you can make money short and that is scary because it always ends in an ugly V taking back a chunk of your profits. But I will say being short when the market drops hard is way more exciting than being long during a steady uphill grind.
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Trades with cats wrote:... being short when the market drops hard is way more exciting ...
1. We trade for a profit, and all the things that go with that. (A better life for our family; financial independence; etc.)
2. We trade for excitement, and the thrill of the hunt.
On the fear factor, new higher highs in $VIX the real selling will kick in (>12). that is new LOD today in /es or spx. not gonna happen today me thinks.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
K447 Exactly. Trading is supposed to be boring. The issue is people come into it that really are gamblers. But you can't help but be excited when you are minting coin on a big move,
For today's big move I have yet to see why the small caps moved up like a rocket and no idea why they have now retraced about 80% of the move. Looking like month end lows are going to be tested.
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