This is destroying so many people. Yesterday’s bounce was such a suck-in. Very cruel, is all I can say.
This grind, grind, grind down is ABSOLUTELY NOT the kind of market that produces bounces. It just sucks in lower and lower levels of bargain hunters who wake up the next day down their expected gains for a year. Very cruel.
This grind, grind, grind down is ABSOLUTELY NOT the kind of market that produces bounces. It just sucks in lower and lower levels of bargain hunters who wake up the next day down their expected gains for a year. Very cruel.
This is NOT the kind of market for those who expect to buy something and "go long", sit on stock for months or a year and expect a gain.
This type of market has lots of "bounces" in a day, but it's strictly a "hands on" day traders market. It's fast and furious 'hands on' trading. Unless you are carefully watching the level II bid orders, and catch those bids on the up spike, you'll never make anything.