High Conviction Trade & Confident Trader
$S&P 500(.SPX)$ (1) I was leaning bearish, but I am not foolish--to exit a position perfectly is more difficult, yet more important, than to open a position perfectly.
(2) My DTK alert signal is normally good for 150+ SPX points within 2-trading days==that is a monstrous edge for high-conviction short-term play. Now, with SPX drops to 5820 zone, that condition has been met (from 5968-5820).
(3) I will wait for the next MAJOR signal to go heavy, one way or the other--given the potential "mini-crash" setup, I will go more toward bearish side for trade. Certainly, for day-trading, there is no bull or bear, only good setup, as I am looking at 1-min chart for clue.
(4) for most amateur traders [& all trolls], ALWAYS keep in mind that only 5% trader consistently make money, yet 95% lose money. For option day-trader, only 1% can survive this most competitive game in the whole world. So, driving a Formula-1 race car is cool, but not everyone is cut for it. The majority of my followers, however skilled and well-intentioned you are, the cold and hard truth is, YOU WILL LOSE MONEY eventually. Consider the money as a ticket to get into the arena to have a fight--but, keep in mind, trading is the ONLY human competitive game that a newbie can compete with the WORLD CHAMPION and GOAT from day one. You don't stand a chance. That is a fact. Accept that.
(5) Many of my followers are even younger than my trading career. I placed my first order in 1993, 32 years ago. Having experienced many bull and bear markets across three continents, Asia, Europe and U.S., I think I know a thing or two about trading and other subjects, first hand.
(6) after a major win like yesterday, I will take a laid-back position to wait for the next kill. It will come shortly, and most likely that would be a HAMMER SETUP, which I will normally go ALL-IN and Radio Silent.
GLTA.
For whom haven't open CBA can know more from below:
🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!
Find out more here：
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
