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Daytraders' Afternoon Thread 3 October, page-42

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Simonn

3,359 Posts.

427

03/10/22

15:17

Post #: 64001593
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Originally posted by Endless: ↑

Arvo all. Thank you Dollars D. There's no need to tell HLL about my poor attendance. I wasn't game to tell Mrs E. we had to leave the beach so I could open the Arvo thread. That sort of thing doesn't go down well.

As for the markets getting shorted and manipulated etc. Well. For the first six months of the year and for about 5 years before that the markets have been ridiculous in just going up on nothing. Basically been giving $$$s away. Espc to the super funds etc. Peeps have been rolling in cash.

Now we have a major war in Europe, over priced markets everywhere, climate change starting to really weigh in, and oh, Trump still hanging about. I could go on. So markets have pulled back a small fraction of what they went up in 5 years!? Really? I wouldn't complain too much.

You just don't have quite the same margin for error atm. Stocks aren't bouncing like Pamela Anderson's kit.

But stick to the rules and opportunities are still there. Not some of the trades that we get told peeps get here of course. But even the fact that peeps are here today trading shows there's plenty of enthusiasm left.

Don't pick stocks cos you 'reckon' something about them that Mr Market doesn't know.
Don't buy stocks in downtrend.
Don't buy o'bought stocks.
Pay attention to 3 day rules etc.
Make a rational assessment of how the market might react to FA.
Be conservative in your trading.

Imo.

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Dont let the market swings get to you.
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Daytraders' Afternoon Thread 3 October, page-42

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