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Ok an update Ken was advising you to scale into UVXY at roughly 7.70. It's now 6.02 got as low as 5.93 an all time low. So what have you learned from this experience ?

Calling the "market" expensive is far from ideal. The permabears on here don't even bother to define how they value markets or stocks it's just an emotional feeling to most of them.

That's historically lower normal. Average P/E last 40 years is roughly 22. Calling it "super expensive" is absurd. A mild recession is priced in on the SPX. Rates aren't high on a historical basis either. I don't know if you are just too young to have any real perspective.

There is an irony that Ken's tax losses because of his bad trades in UVXY have saved him from even more losses in UVXY this month. Remember, he said by Dec 31st he'd have 50K in inverses and be in a 4 week hold on UVXY making career defining money. As I suspected, none of that came even close to...

Follow up I got burned on Fortuna having a permit issue in Mexico but I took a shot after the big drop doubling my position and got out at a much lower loss on the partial rebound. Miners with such issues to be avoided short term. The initial down move seems like an overreaction though but it...

Reminds me of 2009-2013 when so many traders pursued suboptimal strategies based on their belief the economy and markets would tank for years. Too many are chasing the past because they feel the market owes them something. A good strategy recognizes the present and reassesses what might work...

You need to do better research P/Es aren't high at all right now. If it's a concern to you buy the parts of the market that have great value. Or recognize the range trades and play them in whatever direction you want. The economy isn't nearly as weak as some have been saying and markets aren't...

I posted this on August 10th, 5 months ago, with emphasis on what I underlined : Since then the usual crew on here has been saying Inflation isn't really dropping and markets are going to crash very soon. The SPX is actually up a touch since June. The media is no longer unanimous some of the...

For the most part it's a useless generic theme some traders say to sound smart. Like saying drinking water is good for your health. Calhoun for example keeps saying "price action is everything" then proceeds to do some really strange trades trying to blind guess reversals.

And there it is, the racism again. If you continue to repeatedly make racist posts all over this site I will ask that you get banned for doing so. Enough of this you've repeated these opinions of yours many. many times. I've reported this post of yours and if you do not cease and desist I'll...

Took some profits on several miners this afternoon ( Endeavour Silver, Silvercrest, OceanaGold ); sold most of my Caliber Gold over the last two days. Still in Argonaut Gold ( around my 5th trade on it in recent months ) and Fortuna Silver which I want to dump ( it's been hovering underwater for...

I'm still uneasy on large overnight holds in mining stocks but I bumped up to my heaviest position in Gold/Silver miners in almost two years late last week. Early signs are that bull move is carrying into Monday. Still basically a trade but you can actively play recent ranges. I like Copper...

Longer term forecasts can help set a framework for effective trading with an eye on overall risk management. I use the SPX as a proxy on what broader markets may do short term and likely turns in broader markets. I haven't had US index exposure since 2019 except for maybe a dozen day trades the...

Violent crime statistics put California somewhere in the middle and New York near the bottom. That despite having the two largest cities in the country. So your theory is total crap.

Pure Oil Plays : Athabaska Oil ( ATHOF ), Baytex Energy ( BTEGF )

Guessing where markets will end up in a year is always difficult but let's put some guesses down. A fair number of traders are already talking a 30% down year I'm expecting a moderate up year with the TSX outperforming the SPX. My forecast is SPX closes at 4220 ( up 10% ) and the TSX at...

There is nothing decent about you. You are the one in this equation using "blacks" for what you believe is some personal gain. Nobody forces you to post this crap and certainly not spamming the board with it. Yet you can't help yourself you have this seemingly compelling need to spread your...

I haven't traded a biotech since mid 1990s when I bought something Art Cashen recommended at $4.75 ( I believe it was symbol HYSQ ). I sold it at $5.50 or $5.75 later on when I got bored. A couple of years later there was a bubble move in all the biotechs for a week and it went to $125.

Did you even read what I said ? Seriously, some of those posts support what I'm saying here not your point at all. Sorry that your reading comprehension is so bad but it's what you guys do. If you are talking about "mocking" short traders well certainly when day traders make blind gambles...

No, that is completely false. The only time I got even moderately bullish about broader markets was at or close to the yearly lows. I never got bullish about broader IT since most of 2021 actually.