Why is trading so simple (rant, are bankers really as smart as they sound in their articles)?
Great kick-start to the week in the market! First picture is my options account (TT). Other is my /es trade on my futures broker (AMP). I was starting to think as I chalk this day up, why do people over-complicate trading? I found it pretty simple. No bollinger bands, RSI, MACD, or any other silly oscillators needed.
For example, I just woke up, and saw FB had been nosediving again. Then the silly articles (wanted to shoot myself reading them) coming out from banks claiming it would drop another 10-15 handles. And I was just like "okeyyyy whatever you say" and smacked the bid for ATM calls at $163 (why? look at the daily candle 9/25 close).
Same thing with Equifax. The remember the slew of articles from ivy league bankstas saying the stock was going to zero or low 50s and I was just like "okeyyyyy whatever you say" (2/8/17 weekly candle low).
Anyways, that's my rant for the day. But hey, I know nothing -- markets are random, news matters, and these target school bankas/economic professas know best about market movement.
Disclaimer: non-target student who isn't good enough for banking or programming.
Here is what you said: "we have support for an elusive double handle coffee cup cyborg reaper call ATM .35 for seven niner longs short seeking for resistance and the previous LOD. Jimmyjohns has a hot and ready looking for a big gap down day based on the articles for the willy jeans."
Lol. Patterns like "cup and handle" are actually just shilled by brokers to keep you trading and lose money by forcing you onto lower time frame seeing what you WANT to see.
Very ez man. High time frame, look where price historically fails to break and go to town.
I also don't look at articles, I was being facetious. They don't matter, written by clueless people. Feel bad for anyone who actually follows these articles from these preftigious banks who are wrong most of the time.
That was exactly what I was thinking.
Nope, pretty simple stuff. Just a couple of horizontal lines here and there.
Tbh I think the fancy calculus and stochastic models are killing it.
Edit: lol nvrmind
https://www.cnbc.com/2017/08/01/hedge-fund-legends-are-losing-assets-an…
Nice job on the thousand dollars, you showed those dumb bankers.
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