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qdrv
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Everything posted by qdrv
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Anyone who paid attention to this post would have been sheltered form the downturn yesterday and today. Now we will see an oversold runup, dont be fooled
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Anyone who paid attention to my post yesterday before the market open would have been safe from this downturn. Now the market is going to run up for a day or two, but ultimately turn downwards. This is a traders market, do not be long in any position, you'll miss trade opportunities
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http://www.QDRV.com'>http://www.QDRV.com Notice the DJI month chart attachment. Here we see the RSI with the default 14 input, notice its extremely overbought (current 73.94) , we are in for F = Gm1m2/r2, or also known as the gravity formula, "what goes up must come down". Get ready for a reversal. http://www.QDRV.com
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http://www.QDRV.com'>http://www.QDRV.com Notice the DJI month chart attachment. Here we see the RSI with the default 14 input, notice its extremely overbought (current 73.94) , we are in for F = Gm1m2/r2, or also known as the gravity formula, "what goes up must come down". Get ready for a reversal. http://www.QDRV.com
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Ultimately what we are trading, are numbers. Numbers are relative, what does a number mean to you? Does it mean buying a new luxury vehicle? A high dollar timepiece? Or does it mean, making a living on your own, without some jerk boss lording them self over your life? So when we look at our profits and losses while are we holding onto that trade, what sentiments come to mind? This is a "Put your money on the table, take your money off the table market" now, cut your losses at 7% Unfortunately we are or have been at one time, self programmed into the adrenaline rush of entering a trade, whether we lose or gain, we scour through forums (such as this one) to look for added incentive to keep the position, or take one. But ultimately what do the numbers say? No, not what one armchair economist thinks, im talking about what makes sense. A fellow I know, lost 50k in one trade a few years ago, why was this? Doubtless he kept up the incantation "its going to go back up". When in reality ,he should have cut his losses at the 7% line. When we see positive numbers on our trades, take them. Don't get married to your trade. The trade doesn't care about you nor your feelings, you have to be detached to make money trading. http://www.QDRV.com
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Gold was a "fear play" before this last run up of the market these past 2 years. Then it turned into an investment, strangely and tracked the market upwards, only to drop this last year (2014) I think Gold is reversing its "personality" again to become a fear play, the market is doubtlessly heading into a correction, we'll see how gold reacts, if its a crash then drop it. If its a haven where people put their money, invest and its going to runup again, probably surpassing the highs of the past few years.
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Interestingly during the roaring 20's of the past century, the world saw an economic high, in which underlying economic indicators were mainly ignored. People do not complain when they are making money, the wise investor or trader knows that when people are ambitious be careful. What happened to peoples fear of the domino effect of other debt riddled states? Today the prime minister of russia warns of a "deep recession" in 2015. Japan is deep in recession as well. Also according to bloomberg news, the Jerome Levy forecasting center sees a 65% chance of a recession in 2015. Quote David Levy the current chairman of the Jerome Levy forecasting center: "Clearly the direction of most of the recent global economic news suggest movement toward a 2015 downturn" end quote. Why is this forecasting center any different than the others that may say the complete opposite? Such as Morgan Stanley who predicts a longer run for the market. They most definitely have weight in words since their founder called the 1929 Great Stock Market Crash. He wisely sold his stocks when he saw indicators that pointed to an unsound market. What do you think? Will the market make a correction in 2015? Yes/No & why
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Success is measured by your current status. You've had losses (we've all had) I was trading in the famed flash crash of 2010 and lost, that was a lesson for me to study volatility and history. These two aspects of the market are absolutely essential to study. I believe personally that we are heading into a deflationary economic situation and would advise you to not be long on the majority of your positions, its already a traders market. 40k in capital is a moderate sum to have aside, remember that being on the sidelines waiting for the right trade is a position in itself. He who runs from a fight lives to fight another day is an adage ive come to appreciate in my current trading of commodities. Common and cliche as it may seem too, "dont put all your eggs in one basket" Also, if you have gains, take them. Cut your losses at 7% Your current status is not giving up, that is awesome I highly respect that. Its like a marathon runner getting back up after falling and losing his first place. Be selective with your trades, small gains make large profits. Another thing to remember, during the gold rushes throughout history, men looked for the large gold nuggets, only to leave disheartened from the area, while others found "flour gold" this is microscopic gold that others passed over. An adage that came from that profit was , "Gold flour makes gold cakes" Small victories are your key. http://www.qdrv.com
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Hello new traders, Thought i'm new on this forum, I'd like to give a word of wisdom through my journey of trading Success is measured by your current status. If you've had losses (we've all had) I was trading in the famed flash crash of 2010 and lost, that was a lesson for me to study volatility and history. These two aspects of the market are absolutely essential to study. I believe personally that we are heading into a deflationary economic situation and would advise you to not be long on the majority of your positions, its already a traders market. Remember that being on the sidelines waiting for the right trade is a position in itself. He who runs from a fight lives to fight another day is an adage ive come to appreciate in my current trading of commodities. Common and cliche as it may seem too, "dont put all your eggs in one basket" Also, if you have gains, take them. Cut your losses at 7% Your current status is not giving up, that is awesome I highly respect that. Its like a marathon runner getting back up after falling and losing his first place. Be selective with your trades, small gains make large profits. Another thing to remember, during the gold rushes throughout history, men looked for the large gold nuggets, only to leave disheartened from the area, while others found "flour gold" this is microscopic gold that others passed over. An adage that came from that profit was , "Gold flour makes gold cakes" Small victories are your key. a stock operators memo