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Curious beginner question.
Trading Psychology 101
Q:
Why is the eMini rising since late yesterday on no/low vol ... except for one big spike at today's the open.
Are the bears hibernating?
Seems that a couple of big players could make a big payday by shorting today.
Can you help answer these questions from other members on NexusFi?
Both Fed Chairman Bernanke’s remarks yesterday and President Obama’s speech last night about his jobs plan; combined, failed to reassure the market that a solution to the country’s economic woes was at hand, and the …
There are 200 webinars on futures.io (formerly BMT), and I've also linked a great thread. It's up to you now. The only excuse for not knowing is because you didn't apply yourself to learn.
As for "everything I do here is wrong", stop whining... if you weren't aware of the SP500 thread I linked for you, the question is why not? The only answer I can think of is because you've not spent time looking. If you were aware of it, then you should be reading it, and you would get answers to your questions.
I don't take time to reply just to upset you -- I am replying because I am trying to help. It would also help if you were taking the steps to learn. Read my signature and follow the advice.
Mike.
Thanks for the link.
You read me wrong.
Ive been reading and studying 8-10 hrs a day for the last 6 months.
I just found this place and figuring it out.
The industry I worked in crashed.
I'm at retirement and I have no retirement to speak of.
I have a little to invest and failure is not an option.
My unsolicited advice: don't trade. Why: "little to invest and failure is not an option" is pretty much a sure way to lose everything - failure may not be an option, but it usually is the result in situations like yours.
Undercapitalized traders get killed. Scared traders get killed. You have identified yourself as both.
I'm not trying to be a jerk, I'm trying to be realistic in my assessment of your situation. I wish I was wrong.
Point taken.
I got run over once by Wade Cook's Wall St. Money Machine.
Last I heard he chooses from the menu at a well heeled federal detention facility.
Mess with me !! ...
That said,
My mother didnt raise anyone named Wiley E Coyote.
Paper trading is all I plan to do for the foreseeable future.
... A good friend through thick and thin, who does the best barbecues imaginable on a regular basis
is more than holding his own as a trader. Thats all he does for years.
About a year ago, unsolicited, he invited me to absorb/ shadow his trading patterns.
I wouldt think for a NY nanosec of going this direction if that relationship didnt exist.