Looks like AAPL was waiting for the Fed spike to complete its ED on the 10 min

AAPL  has stayed stubbornly green even while the market has been dropping - thoughts ?

Let’s spend more and Continue printing dollars and then tax the heck out of people and give a rebate to those who spend - May as well directly give the money to the car companies LOL

I was one of the folks who made that comment as a new sub but the newsletter was helpful- also I don’t trade ES so your suggestion of just using spy,sso, spxl made sense - now just need to figure out how much should be the position size for each entry - is there a recommendation on that as your numbers seems to vary as 5k or 10k

NYAD almost near April highs - leading indicator 

https://stockcharts.com/h-sc/ui?s=%24NYAD&p=D&yr=0&mn=6&dy=0&id=p79963311521&a=386872354

I don’t think it’s unnecessary- I wasn’t a sub then but for the short from 4637 to 3637 as  predicted then it could be played short - additionally could be used to protect portfolio as well- those growth stock were down around 30-40% for me at around 4637 - would have still been a loss but a much smaller one than the 70% down that they reached in June at 3637

so there is huge value in knowing that is a possibility again !!!

I know that I stayed exclusively long till 4125 as Steve kept repeating that it is not time yet and we reached that consolidation zone which he had predicted in June as a minimum

Great advice ! Steve and Matt have been very awesome in Guiding to stay long - I know how many times Steve kept repeating that from July … I will pay more attention to the systems - there are so many that it gets confusing …

I actually sold some long standing longs at losses yesterday saying that with a 500-1000 point drop the 60% losses on them will become 90% - of course they are up 5-6% today LOL … but some which I didn’t sell acted as the long hedge to my net short positions ….

Am a newer trader - made massive losses in 2009 and just got out  completely for 10 years … then started stepping back in a year or so ago - made losses with gurus before I found you guys about 3 months ago

my biggest issues is stops - when I see the position turn against then hope comes I’m ie when in profit at4203 yesterday and the gap up today and small pullback to 4228 so added more short saying maybe it will turn - thus turning big Loss into bigger losses 

Am currently 90% short starting from 4125 to 4280 now and it’s hurting … and taking away the profits from last 2 months 

Taking away some lessons from last 2-3 days

- Trade mostly with trend 

- For counter trend or looking for a turn go much smaller - follow the channel concept from steve

- stops use the levels posted if one breaks then exit no matter what

Any other ? Appreciate the advice from the forum here … you guys and gals are amazing 🤩 

Yes Steve - 2 fatal mistakes here decimating a lot of my profits from the move up in July - gap up from 4127 and then shorting yesterday up to at 4250 but not taking profit at 4203 - so went short correctly but turned into loss as not taking profits 

Work full time so tough to see the mkt all day - but would be really valuable if you could also cover in the weekend newsletter on how to trade channel for turns and interim moves - what to watch for

will be reading your channel notes again tonight 

Completely roasted on all the short I am holding as didnt exit at 4203 - was just looking at the weekly candles - doesn’t seem like anything stopping the hits of th e weekly 50 MA next week on all  indexes

Steve - in the newsletter you talked about tutorials - is there a place on the site where these are stored ?

Thanks

New sub :)

Shown on SPY

Can this be an ending diagonal forming from 4080 with one last push up pending as all the waves seem to be 3 waves 

Will also be great if you can share your thoughts on FNGU vs FNGD - have some decent profits in FNGU and trying to determine whether just to sell all here or there is another push up left ….

Learning much and making some money on a smaller account for the first time in 10+ years due to the generosity of you both and all the other contributors here :)

Hi Steve - what I meant is that you shared you didn’t hold your hedges as this was NOT a wave 3 acc to the charts - is there any other way to also determine whether a gap down / gap up will be a trend day or a gap and crap  - for those of us who are not EW experts ….

Thank you Steve - how you determine whether this is a bear flag vs start of a new bull wave - the MA is starting to get bullishly stacked here ….

Hi Steve - can you elaborate on this - how do you know which gap down will trend vs which will fill - any and all insights valuable

Pls can you share the link

Thank you for pointing this out - rode it from 13-15.5 and exited yesterday 

Was thinking about going long …. But first time I made money in this …

Was the morning gap a 3 of 3 gap  as it didnt close