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OT: American Politics

Preston said:
The lower we go, the more that the oversold bounce rally is gonna be epic. A big gap down tomorrow and I could see a significant bounce come. I will not play that game. It's a dangerous game, especially without setting stop losses. But eventually we will rip and it will be a face ripper.

Doesn't mean we're out of danger though, that's where inexperienced bulls get face fucked.
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Gave up trying to play that game years ago. Trend is your friend, and div > When trend is bad, be out of the market.
 
MindzEye said:
Gave up trying to play that game years ago. Trend is your friend, and div > When trend is bad, be out of the market.
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A big gap down tomorrow is the optimal setup to go long. Many traders are hoping for just that. But of course if you're catching a falling knife you have to manage risk. Set stop losses, don't force it. Stressful game, I could never do it.
 
Preston said:
The lower we go, the more that the oversold bounce rally is gonna be epic. A big gap down tomorrow and I could see a significant bounce come. I will not play that game. It's a dangerous game, especially without setting stop losses. But eventually we will rip and it will be a face ripper.

Doesn't mean we're out of danger though, that's where inexperienced bulls get face fucked.
Click to expand...
I can't remember the analogy but it goes something like trying to time when to buy when the market crashes is like trying to catch a falling dagger.
 
My bearish ass left a lot of money on the table… I should have known that reconfiguring the world order was a multi day event.
 
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