Another thing I've been continuing to consider and keep an open
mind to is that all of the major economic reports last week that
are supposed to be big market movers didn't change the uptrend at
all. Working off an oversold condition for a day or two is normal,
though nothing significant. You would have thought we crashed by
some of the bearish comments
They were small trades that had to be capitalized on
quickly.
The message of the market has been different since the reversal
off the lows and the data is suggesting that things may not be as
bad as feared. In balance there may be some time for these things
to work into the economy, though it just hasn't materialized. This
is the problem with being married to a sentiment and demanding a
result on one's personal timetable.
The market decides if/when things happen, not someone
making a prediction. I'll continue to make entries based on
risk/reward. I can care less about being right in the public eye,
just making money to take care of my family.
Once again in balance, the two gaps below do bother me as they
normally aren't left open longer term. They are at 3,748 and 3,583.
It won't prevent me from playing the upside now and if I see my
longer term criteria as a sell signal, I'll certainly sell my
inventory purchased off of the 3,500 reversal. It just hasn't shown
up as of yet, so I stay the course each day unless it does. The
timing is the part that is difficult, though it is still better to
stay in the present, otherwise the potential to make a mistake
increases.
Once I do my planning, I go back to my life as my plan is based
on my personal tolerances and strategy. I can't be anyone else and
if I try to, I won't be able to adjust as they would because I
don't know what they would be doing. And even if I did, if it
doesn't resonate with who I am and what I feel comfortable doing, I
won't be able to do it consistently. This is why I have found it
better to develop my own style instead of depending on anyone else
to feed me. I need to know what to do with a degree of confidence
and not have to ask someone what I should be doing.
..and the results of those decisions are on me..like the Chris
Stapleton song says, "I got nobody to blame but me". A good life
lesson to take accountability and inventory of my actions and
results of them in general. Realizing that I can and will make
mistakes for the rest of my life is a necessary part of being a
human. The question is, How will I respond to those situations, am
I willing to apologize when I'm wrong? Can I have a healthy
celebration of success? Will I continue to learn and consider
others views as I make my decisions? Am I able to navigate healthy
sources of information and negative influences to be cautious of
and/or avoid? Do I realize that I don't control the world or much
except what I can as my part?
Lots of good information provided on this site and education
that can be used to develop one's personal trading/investment
style. I have found being part of a community to be beneficial in
formulating my thoughts, strategies, and documenting them to be
able to review as part of my journal. There are many ways to do
things. Another day I'm grateful to wake up and have a shot at
life. Best of success this week to everyone.
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Good context Arun. re: SPX Another thing
Heads up: $CPCE and $CPC closed at pretty low levels ...
Posted by fundamentalvalues on 5th of Dec 2022 at 07:39 am
Good context Arun.
re: SPX
Another thing I've been continuing to consider and keep an open mind to is that all of the major economic reports last week that are supposed to be big market movers didn't change the uptrend at all. Working off an oversold condition for a day or two is normal, though nothing significant. You would have thought we crashed by some of the bearish comments They were small trades that had to be capitalized on quickly.
The message of the market has been different since the reversal off the lows and the data is suggesting that things may not be as bad as feared. In balance there may be some time for these things to work into the economy, though it just hasn't materialized. This is the problem with being married to a sentiment and demanding a result on one's personal timetable. The market decides if/when things happen, not someone making a prediction. I'll continue to make entries based on risk/reward. I can care less about being right in the public eye, just making money to take care of my family.
Once again in balance, the two gaps below do bother me as they normally aren't left open longer term. They are at 3,748 and 3,583. It won't prevent me from playing the upside now and if I see my longer term criteria as a sell signal, I'll certainly sell my inventory purchased off of the 3,500 reversal. It just hasn't shown up as of yet, so I stay the course each day unless it does. The timing is the part that is difficult, though it is still better to stay in the present, otherwise the potential to make a mistake increases.
Once I do my planning, I go back to my life as my plan is based on my personal tolerances and strategy. I can't be anyone else and if I try to, I won't be able to adjust as they would because I don't know what they would be doing. And even if I did, if it doesn't resonate with who I am and what I feel comfortable doing, I won't be able to do it consistently. This is why I have found it better to develop my own style instead of depending on anyone else to feed me. I need to know what to do with a degree of confidence and not have to ask someone what I should be doing.
..and the results of those decisions are on me..like the Chris Stapleton song says, "I got nobody to blame but me". A good life lesson to take accountability and inventory of my actions and results of them in general. Realizing that I can and will make mistakes for the rest of my life is a necessary part of being a human. The question is, How will I respond to those situations, am I willing to apologize when I'm wrong? Can I have a healthy celebration of success? Will I continue to learn and consider others views as I make my decisions? Am I able to navigate healthy sources of information and negative influences to be cautious of and/or avoid? Do I realize that I don't control the world or much except what I can as my part?
Lots of good information provided on this site and education that can be used to develop one's personal trading/investment style. I have found being part of a community to be beneficial in formulating my thoughts, strategies, and documenting them to be able to review as part of my journal. There are many ways to do things. Another day I'm grateful to wake up and have a shot at life. Best of success this week to everyone.