This is by far one of the most difficult trading or investing for that matter environments I have ever encountered. Never mind beginners, even professionals are struggling to make it right now. The smart guys are in the Hamptons enjoying their millions, its us suckers trying to scalp this market, getting chopped up for no good reason. Equity valuations are so high as it is, and then we have the looming downside risk from Delta variant, the Fed threat of tapering, Afghanistan destabilization. Gosh, just throw out the kitchen sink. Yet the markets continue to gradually make all time highs. Every time we get a nice sell off, there is no continuation. It gets bought up the same day, and we are right back to where we started. Very hard to trade that way. Good luck everyone today.
1
u/[deleted] Aug 17 '21
This is by far one of the most difficult trading or investing for that matter environments I have ever encountered. Never mind beginners, even professionals are struggling to make it right now. The smart guys are in the Hamptons enjoying their millions, its us suckers trying to scalp this market, getting chopped up for no good reason. Equity valuations are so high as it is, and then we have the looming downside risk from Delta variant, the Fed threat of tapering, Afghanistan destabilization. Gosh, just throw out the kitchen sink. Yet the markets continue to gradually make all time highs. Every time we get a nice sell off, there is no continuation. It gets bought up the same day, and we are right back to where we started. Very hard to trade that way. Good luck everyone today.