Daily Discussion - Main Discussion thread

I've learned entering heavy on what appears to be a nice collapse point may not be such a profitable move...you have to know when it's "clear" and when it's risky, too risky

 

Getting better. At SPX 5560 now. Whetting my appetite

 

Ok. I entered at 5560. We'll see what happens. I think the SPX 5550 level is a solid entry point. It may take time though

 

Woah bottom looks like Tarrifs could sell this off more a mini recession maybe

 

with the collapse this afternoon, it looks like the spx has now joined in with the other majors in correction territory off -10% from ATHs.

ngl, but i kinda would like to just see the washout capitulation already. would be a lot more meaningful to me if we saw the vix for example spike it into the 30s and 40s.

this all still feels very orderly to me. which doesn’t give me too much confidence that a bottom, even a short-term one, is in yet.

 

that being said, things are getting a little overextended on a technical aspect. like at some point we’re just going to be due for a bounce because of being so grossly oversold..

 

Ok. SPX 5580--I exited entirely. Profit taking. The price action is too weird. Must protect and assess what's going on

 

I entirely agree. But still knowing the chart action and knowing what to do with actual trading are two different animals. Trying to get better at both