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Carl, you are a great guy. Admitting and correcting your "mistake" in front of the whole world makes you greater. I salute you!
This market is psycho.
Buying at 1130 to 1140 ES is not a mistake. Most indicators ($NYHL, VXX, RSI, 50 day MA) are very similiar to Feb when the last rally started. Market is oversold and ready for a rally. On the 30 minute ES chart the slow stochastics is now crossing at 20, another buy signal.
i think it was a bad trade on carls' part..he should have added to his position//
Andi,Surely you're kidding, right?Averaging down can be a losers game
Carl bailing at a loss when he did isn't looking so bad now, is it? If Carl was a newbie, he would still be averaging down.
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