Buying at 1130 to 1140 ES is not a mistake. Most indicators ($NYHL, VXX, RSI, 50 day MA) are very similiar to Feb when the last rally started. Market is oversold and ready for a rally. On the 30 minute ES chart the slow stochastics is now crossing at 20, another buy signal.
Carl, you are a great guy. Admitting and correcting your "mistake" in front of the whole world makes you greater. I salute you!
ReplyDeleteThis market is psycho.
ReplyDeleteBuying at 1130 to 1140 ES is not a mistake. Most indicators ($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.
ReplyDeletei think it was a bad trade on carls' part..he should have added to his position//
ReplyDeleteAndi,
ReplyDeleteSurely 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.
ReplyDelete