agdaddy04 said:Are you thinking I shouldn't have the stop losses in place that I just put on? Or just be ready to buy on a reversal?$30,000 Millionaire said:Spoony Love said:
Are you saying MM's are walking down stop losses and then we could see a run to end the day?
Yes. Wait for them to punish longs. They will either rally it from here or they will do a punch down.
I wouldn't be long weeklies from here unless relative strength. I think they will push this down to hit stops and then rally.
If nasdaq loses 16390 and stays below, I would probably lighten up. I think the market will rally. They just need to ruin some peoples day first.
You don’t trade for money, you trade for freedom.