stock market crash

[jamesbrown]

31/11/20

Deary me. Fake disaster beckons in scootie's supervised demo trading account.

[Whorty]

I don't do day trading. Good grief, how many times? I'm a macro investor / swing trader with a limited number of annual trades.

There's nothing wrong with the charts, the trend is identified. Where is the top? Who know who cares. Are we in profit - well lets keep it that way.

You predicted it to drop; your trend was downwards. Good grief fella, just admit you're wrong for once.

[Whorty]

It can totally do that. There's no problem there. Are they going to do a share burn?!

The bet you're taking is I'd say is <0.1% probability.


The quarterly chart below. Green columns indicating overbought conditions. Look left to see what followed with price action. Imagine sitting on a stock for 8 years that only went down. Imagine watching it run up almost 3000% and not taking a penny from it.

Instead of showing data from the 1970's to present, that allows you to draw a 'trend' that suits your narrative, why not draw this same graph from when you started the AMD thread in 2018? And show us how you called it to drop to 6 when it's just gone up and up since then

This is why charting is so flawed - you're selecting a data range that produces the trend you want to see; change the time line and the trend will almost certainly change too.

[Whorty]

I don't do day trading. Good grief, how many times? I'm a macro investor / swing trader with a limited number of annual trades.

There's nothing wrong with the charts, the trend is identified. Where is the top? Who know who cares. Are we in profit - well lets keep it that way.

This is what you wrote on 13th Dec 2018 (https://www.contractoruk.com/forums/...ml#post2608006)

Bullish pattern failed in the last few days, now turned bearish. $6 target price. It stops at $15 first for a wee while, if it stays there its defo going to $6.

Your analysis couldn't have been any more wrong. Why can't you understand this and just admit you're wrong fella? Would admitting you're wrong lead you to conclude your £20k in 'training' was not a great investment?

[scooterscot]

You predicted it to drop; your trend was downwards. Good grief fella, just admit you're wrong for once.

And it did. Then it went up again.

[AtW]

And it did. Then it went up again.

Oh so it went up again... that means your analysis can be safely ignored since if taken seriously it will lead to losses?

[Whorty]

And it did. Then it went up again.

That's what stocks do, they fluctuate daily. I thought this was why you looked at trends? You're supposed to ignore the daily fluctuation and pick a trend direction. You did. You got it wrong.

[scooterscot]

That's what stocks do, they fluctuate daily. I thought this was why you looked at trends? You're supposed to ignore the daily fluctuation and pick a trend direction. You did. You got it wrong.

Not daily ones. Certainly not in stock markets. That's crazy.

Stocks area weekly at best monthly is stress free.

[scooterscot]

S&amp;P 500 doom

Price action just broke through a support line representing a break of market structure. i.e. the previous higher low was just taken out.

Trend reversal! I'll not be the only one that just observed that significant trend change.

[scooterscot]

Volitility index

Woah - shot up 23% today!!

A value above 32 will be a repeat of February / March earlier in the year with bells on. Fingers crossed for next week.

Come on Trump, be how you can be - do something awesome like dispute the result if you lose and remain in office. That would be lovely.