Thanks bud. There's a video on Nvindar, the guy responsible for that flash crash in 2010. I still remember watching the news the day that happened and no one knew why. I thought to myself, short sell manipulation to the extreme?! Hackers hit the market?
But he's a case example of unseen elements, spoofing the bid ask to bait algorithms way off track. Fundamentals can be sound. I use those for the broad structure of the market: uptrend, downtrend, range- sideways. And quarterly, if not semi annual shifts. Trend lines that end up looking like spiderwebs with multiple "possibility zones." The low of this week was a big pivot for a lot of my lines for this week.
The big picture feeds the smaller picture, where watching prior support and resistance from weeks past as hard lines in the sand, last minute's resistance becoming this minute's support or the inverse. If y is crossed, but not x, maybe it'll reach z. But if x is crossed, I expect it to hit w more than I expect it to hit z. It it hits z, it's very more likely to hit w than go further above z. Planning exits before entries. Aspergers superpower I guess.
Fundamentals are great for the long term. Absolutely. They have staying power through crashes. Crashes are more geared to short term play. Yeah longs take a hit, but March 13th-15th 2021 is just a blip compared to 08, and dotcom. Longs from 1995 just blink at it and go: ok.... and?
Day trading to me is 9% preparation 1% execution and 90% temperance. Fail to plan, plan to fail. If you disregard the plan, why plan at all? It's fun, but the worst part is enduring when you're wrong and how fast one can react to changing atmosphere when they are. The perma bull-bear will always have horrible market days.
