4 ms·

anyone watching daily technicals would have seen the RSI and MACD dropping last week, this should not be a surprise to anyone but noobs

• BoiledCabbage 9y ago
  And how many times have RSI and MACD droped and market not collapsed? You get zero credit for predicting a drop after it happened. And also little credit for "predicting" something based on any indicator with frequent false positives. Saying "I knew it" because one of 50 indicators showed something the day before is no different than what's happening in non-reproducability of research. State claims and indicators before and shows a track record of prior claims. But please don't after the fact claim "you knew it", everyone is a "newb". It subtracts from the conversation.
  • antishatter 9y ago
    I on the other hand bought cheap out of the money puts three weeks ago with a march 16 expiration. I took credit for them today.
  • quickthrower2 9y ago
    To be fair, he said "not a surprise" rather than "predictable with 100% certainty". However you can't trade on not being surprised, you have to take a position.
• KasianFranks 9y ago
  As a long time trader, I completely agree.