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I will predict that the S&P 500 will be higher in 20 years than it is right now. If I'm wrong, I'll give you $1,000.

I disagree. Trying to use "technical analysis" of chart patterns is what has no predictive power. When something happens to the economy, companies with good fundamentals (consistently strong earnings, low debt, etc.) will weather the storm much better than those that don't.

Ok but do you know?

By "Amazon era," I mean that companies can now have zero or little earnings and still be desirable companies. This is only if they are spending their potential earnings on reinvestment in the company to increase future earnings. What statistic should I be looking for on the financial...

Nobody can predict the future... Common sense would tell you to short a stock with a p/e ratio over 1000... But also Battery Day is coming up. With many exciting announcements.

Today, OPEC revised it's future demand estimates downward. Despite this, the price of gasoline on this contract didn't fall. It's currently up 0.0066 on the day. Maybe a good sign that it's tested this bottom? Only the future will tell.

It's situations like this that make me realize that I know nothing about economics. No wonder my trades do so bad.

I'll tell you one thing I know. It's falling supply. I just had a concrete company tell me they're having trouble even finding enough 2x12's to build formwork. My framer said something about Canada. I have no clue of the cause really. Did all the lumberjacks catch Covid? Do lumberjacks even...

As a spec home builder... Idk why I didn't think of that

I'm in the process of reading "Alchemy of Finance" by George Soros. Not once have I heard him advise to use moving averages.

I went into it with the idea that I didn't think it would go beneath it's low on 6/26 (and certainly not the low of 6/12). Hard to believe it's already come close. I honestly still think my original bet is correct, that it will be high by next June. I'm hoping that contango doesn't hurt me. I...

I'm not a huge fan of TA. Yes, I was betting on demand increasing once a vaccine is released. There was some bad statistics released by EIA since my purchase.

Yea but not when I bought it. I still think it will pick up before next June, but hopefully I don't get margin called before then.

After promising myself that I wouldn't get sucked back into trying to make money through trading, I broke that promise and decided to buy three contracts of RBM21. I had the opinion that gasoline prices will increase between now and next June. This may be correct, but I'm now down $14,000...

For the first time since the virus crisis began... There are less active cases in Spain than there were yesterday. Spain's curve is beginning to decline. Italy will follow. Then the rest. We'll be 90% past this in 3 weeks.

Omg what if I held those 7 CLV20's ?!?! @Overnight

Booyah!

Android

What about professional position traders?

Are you saying sell the calls?