josi wrote: Tue Jan 05, 2021 7:57 pm
Repeating what you already asserted doesn't make it any more convincing.
I don't tell anybody to do anything (I don't give advice), I want people to think (for themselves).
Empirical evidence:
Look at US100, US500, WS30 etc yesterday, H1.
Everybody can see that yesterday one should have been short (actually, that's why so many were short yesterday - except maybe you.)
You say; don't shorten ever; I give one example which shows clearly your axiom isn't true. Popper calls this falsification.
As I said: long term (investing) is a totally different matter.
But as your answer clearly showed, you don't differentiate between M1 and D1.
Point being: if your daily chart on US500 looked like the the M15 chart (yesterday) we would talk about a major crash - but we don't - it's the timeframe...
But that's why you LOVE your forum...

do you even convince yourself with this nonsense - "Popper.../One half down day"?

1) Google the empirical evidence stating its a waste of time shorting US stocks.
Look at the US stocks chart - it has been a waste of time shorting for 13 years - yes even your crashes on the M1 - because it always bounced back.
Why? because its a long term bull. Because global assets have been in bull mode with stimulus.

2) Google the empirical evidence stating day traders don't make money.

3) If that still isn't enough...
Take 100 traders over the past 100 days that bought US stocks.
Take 100 traders over the past 100 days that sold US stocks.
Can you guess who came out on top?

4) Picking tops and bottoms is fruitless for most - if you are saying run with the trend, on a trend following system page - why are you not only going long?
You make more money buying pullbacks in US stocks and that has been the case for 13 years - BTFD.

Stop telling people lies dressed up in whimsical musings pretending the facts I have written don't exist.
You are arguing with science.
Any halfwit can look at a US stock chart and see its vertical since 2008.
You BTFD in US Stocks until it really ends - global assets have been blowing since the 30% covid discount - they bounced straight back and flew up some.

Help the new guy who is long term bear, in a long term bull market understand why he is wrong and getting his arse kicked - don't bullshit people with doing the wrong thing righter with timeframes.

As I have said - even if dow loses 27000 points today - it is purely a gamble.