I’ve been doing some thinking and the answer I’d like to know: “WTF do I have to analyze intermediate term charts if chances of being right are as good as 50/50 and they do tend to change in about 15 minutes so everyone – bulls and bears can have enough time to shout famous last words “I told you so” and get rid of their money almost the same instant?
Why anyone in good mind would do anything else, but day trade in this market?
Day trade it is now…
But again -
WTF has happened at 3AM EST?
Nuclear explosion for 10 upside /ES points please?
May I buy meteor strike for 15?
Leisa posted yesterday in comments:
I found this quote from a couple of years ago by George Soros. I'm going to put it by my computer.
“Economic history is a never-ending series of
episodes based on falsehoods and lies, not truths. It represents the
path to big money. The object is to recognize the trend whose premise
is false, ride that trend, and step off before it is discredited."
