jcorp01 wrote: Wed Feb 03, 2021 1:16 pm
Do you only go long? From your posts it seems like you do. Just got out of a short +50 points on the dow a few minutes ago. A lot of people on here aren't long-term or even swing traders. Some scalp and intraday trade looking to get a piece of the pie. This is what this system is all about, finding the trend (whether long or short) and getting a piece.
This recent buy-the-dip lasted 2 days.
On WS30 DJIA - that was worth 1203 points.
This is a trend following system.
You follow the prevailing trend based on mathematical probability that the trend will continue - so you buy low in an up trend - i.e. buy the dip.
Since 2009, US stocks have been buy the dip - BTFD, its an actual thing. "buy the f**king dip"...
How do you think wallstreetbets people got so rich on lotto options?
I repeat, the Nasdaq has
DOUBLED since covid low in March 2020 - 7000 points straight up, parabolic buy.
I don't know why people are continuing to argue with the US Stock charts and thus fight the trend.
Every single dip down has been bought up on steroids...
-Why would you do something far more difficult for less gain and thus sub-optimal?
-Why would you use a trend following system to go against the trend?
-Why would you spin more wheels to make far, far, far less than an actual trader or investment manager - not only in pay, but in % terms of money banked vs risk?
I started saying this same BTFD thing over and over again because one of the new persons on this thread was uber short and didn't know why they were currently losing - all US stocks have done since then is go up, up, up and up.
I have shown, simply by posting the naked charts that the prevailing trend via the charts since 2009 has been buy in US stocks - its quite bizarre people are willing to argue with those charts - I didn't make 'em.
Please can someone show me a retired retail day trading scalper that consistently shorted US stocks from 2009-2021?
A few posts back I asked for anyone's US Stock Indices legitimate short strategy that outperformed a buy the dip strategy 2009 onwards - I didn't get any replies with strategies showing an outperform...
Anyhow, what I said above in post_id=1295427914 should be clear for those that can read between the lines.