2021 Market Sentiment & Positioning

[ckboyz]

Yahoo is 15 mins late, I set market price based on yahoo price and lost $5000 by setting a price which nosedived in 15mins. Thereafter I searched the universe for real time free OTC price and found it. Let me check whether I can post a referral link,

Webull and tiger can liao?

 

[paladin]

It might have been a bit premature to declare that the US bull market is dead.

All in all it has been a nice week. Like everyone else, positional portfolio is down week on week. Day trading portfolio is however bulging from fading the dips. 10 pts here ... 15 pts there ... it all adds up to the consolidated portfolio beating the index benchmark without a huge increase in risk.

Day traders make big money now, daily huge price movements

 

[coolhead]

i would think we are not out of the woods yet.

last night told me that there are still bulls... but corrections always come with fake rallies. QQQ being down 3.5%, then up 3% in the next session. Down 6% in 3 straight sessions to squeeze out a 1.5% last night. I am not very convinced at this point of time. Truth be told, I have never gotten a company right at the lowest point either, I prefer to see some trend established before allocating funds.

what was the "flash crash" about last night? I decided to call it early and not look at my app. I guess it was a good choice. Certain popular "momentum" stocks were down 10-20% 2hours after the open, which could have provided distraction to my emotional state.

decided to play it safe now and am adjusting my stop losses upwards for my reopening plays.

I agree, emotional management is very important at this point in time.

Posted from PCWX using my high crass Redmi K20 Pro

 

[moolala]

i say we are out of the woods, next week is green week when bill pass

 

[OnePunchMan]

i say we are out of the woods, next week is green week when bill pass

till the 2% of bond yield we should be okay. pay attention at 1.9%

 

[paladin]

Webull and tiger can liao?

Tiger also 15 mins late

 

[paladin]

Any day traders bought during the Low yesterday and sold near the high? Can earn 10% or more in a day!

 

[RedsYWNA]

seems live to me, the price i buy on ibkr is zhun zhun, market order for $500-600 TSLA with such a wide spread also 20 cents +- from prices on yahoo.

and each tab got running price on tab so you still can see realtime changes.

just put money into ibkr ytd to short tsla.

i probably can use tiger broker also la, but lazy to see phone and see com

Yahoo is live for US markets excluding OTC (15 mins late).

 

[moolala]

Any day traders bought during the Low yesterday and sold near the high? Can earn 10% or more in a day!

what u trade???

 

[slowmover]

Tda can see live prices for otc stock
but the feedback now seems like account
opening takes a long time.

 

[RedsYWNA]

The QQQ rebounded but with lower volume than the prior trading session. I am staying out until I see better confirmation.

Some FANG continued their strength from Thurs session, eg Google, FB. Baba also quite steady past 2 days.

I think Mon and Tues may see another sell down, but overall, I feel the sell down for quality tech stocks is done...

For Cathie holdings, there could be more pain ahead though eg Tesla, Teladoc and all the bitcoin/biotech holdings....

 

[RedsYWNA]

what u trade???

SE is 1 gd example. Yoyo from 209 to 231.

 

[limster]

FTSE, STI & XLE are doing well, these were doing horrible last year. Damn, I had all 3 last year and I got out of them all this year. FML. Whatever I buy goes down and whatever I sell goes up.

FTSE and STI will always do well for you as long as you have the correct entry price. I've been saying for the longest time

STI less than 3,000 buy
FTSE less than 6,500 buy

But more important that just "saying", I've actually been buying at those levels....

 

[aiptasia]

Some FANG continued their strength from Thurs session, eg Google, FB. Baba also quite steady past 2 days.

I think Mon and Tues may see another sell down, but overall, I feel the sell down for quality tech stocks is done...

For Cathie holdings, there could be more pain ahead though eg Tesla, Teladoc and all the bitcoin/biotech holdings....

Reflation plays like mining and oil and big tech with strong fundamentals look more likely to be the next rally winners. Basically the "real" economy stocks.

Still needs time to confirm a sustainable rebound as I let the market tell me what to do and not my personal feelings. No need to catch the bottom as no one can do that consistently.

I agree the more speculative tech names are pretty much done for the next few months if not years as their technical bases are all broken with most of them well below their 50 day SMAs with some even below their 200 day SMAs.

 

[paladin]

what u trade???

I didnt trade, was tired so decided to call it a night, however before I slept, TIGR and YI were down 17%, if you fade the dip, TIGR recovered to 5% down only, the day trader would gain 10%. If I din sell TIGR on thurs, I would likely have bought TIGR yesterday near to bottom for the rebound.

 

[yang_nastyman]

Reflation plays like mining and oil and big tech with strong fundamentals look more likely to be the next rally winners. Basically the "real" economy stocks.

Still needs time to confirm a sustainable rebound as I let the market tell me what to do and not my personal feelings. No need to catch the bottom as no one can do that consistently.

I agree the more speculative tech names are pretty much done for the next few months if not years as their technical bases are all broken with most of them well below their 50 day SMAs with some even below their 200 day SMAs.

To paraphrase a quote : you don't need to spend too much time thinking if you're right or wrong, because the market will let you know.

I made some oil plays a few weeks back and sold my speculative stocks at a lost. MRO, SU have been rewarding.

Strong tech, like FANGAM as you mentioned are still doing fine, with a less than 10% drawdown.

I think we can take a look back in time in history to see the "up and coming" stocks of the past decade that ran on nothing. Once they fell they remained at their bottom for years.

For every one tesla, there are thousand others that burst and remained low for decades.

 

[paladin]

To paraphrase a quote : you don't need to spend too much time thinking if you're right or wrong, because the market will let you know.

I made some oil plays a few weeks back and sold my speculative stocks at a lost. MRO, SU have been rewarding.

Strong tech, like FANGAM as you mentioned are still doing fine, with a less than 10% drawdown.

I think we can take a look back in time in history to see the "up and coming" stocks of the past decade that ran on nothing. Once they fell they remained at their bottom for years.

For every one tesla, there are thousand others that burst and remained low for decades.

Truly agree. E.g EV, cannot be 20 winners right? Tesla, NIO, xpeng, Li Auto, BYD, Great wall motors, almost all vehicle makers ran 300% or more. Really? You think the Toyota's, ford, BMW all sleeping?

 

[aurvandil]

Day traders make big money now, daily huge price movements

The volatility over the past two weeks have been wonderful for day trading.

 

[yang_nastyman]

The volatility over the past two weeks have been wonderful for day trading.

ive mostly been swing trading pre market and selling at the open for certain counters.

FUTU has been the biggest winner for me.

- not too much exposure on WSB
- sound fundamentals
- TA wise looks good

that being said, I follow a strict discipline for these swing trades, making sure that i fluctuate between 6-10% stop loss and taking profit once i see the volume drop off.

i dont think this is the time to go long on speculative stocks anymore- unless they are sound enough and youre willing to hold on to your bags for the next decade.

 

[aurvandil]

i say we are out of the woods, next week is green week when bill pass

The auction for Friday looks incomplete. We are likely to move higher on Monday open.

The move however will not be when the bill passes but when the liquidity actually flows into the system 1 week later.