Search results

"Spread/Slippage", too. With all the costs, difficult to "scalp" and make out. Need to play for bigger to cover the costs and have some left over for you.

Yeah, this.

Buffet made LOTS of his performance in his early days... when his capital was small. Not a good idea to extrapolate his best days forward. He's become so big that he's mostly the same as an SPX fund.

Buffet's Birkshire Hathaway from 1999 to present... 8.2%, but has underperformed the SPY since the 2009 low. IDK if this includes dividends.

"Chasing properly" is fundamental to Price TA. That is, "chase technical breaks QUICKLY*". All big moves contain multiple "breakouts". Fundamental chases are viable IF your fundamental assessment is correct... like if the Fed had been tightening for months and now/recently started to loosen...

Yes. Right now it's technically possible/reasonable that a bear market rally has been completed at the "50% retracement level". If that turns out to be the case, chasing now or even "buying the dip" will lead to losses. If the 50% level breaks and tests the 62% retracement, same possible...

Price TA followers understand what this potentially means. Trade accordingly.

"$180 SPX earnings" is one of the street's forward 2023 estimates. No way to know what multiple the market may attribute to it (or some other value)... just saying it's likely the market is still waaay high priced vs. earnings. Personally I think the market is waaaay full of "hopium". Big...

We are "tied into" that system now. Andrew Jackson (my favorite president, btw) tried it. Worked but only temporarily. Woodrow Wilson brought it back... then made a death-bed apology to all Americans for having done so. The deal was done in the most skankiest of fashions.... Xmas eve, late...

So... where does the notion of "SPX 1800" come from? Historically, SP 500 P/Es have been 8x-12x earnings at bear bottoms. (Currently, 18-20x). Latest earnings estimate I've seen is $180. "Times that" by 8 = 1440..... by 12 = 2160. Mid-point ~1800. Just a thought for now.

Hopefully not for a long time... at least until the "recognition washout" occurs... maybe SP 1800? Our markets have "tons of hopium" baked into it. Needs to be washed out next before great trade opportunity.

That's ET HERESY, man!

No matter how you slice it... there isn't much you can to do significantly enhance your returns beyond "capturing the premium from the covered call write". Might as well just KISS, baby! :)

No real advantage... just a guess. Yours is reasonable for its likely small money potential...

In this example a month 6/1 to 7/1 can be possible before leverage-induced decay sets in but woe is he who holds during a downturn, eg 10/1 to 11/1. https://seekingalpha.com/article/4107640-playing-fire-how-long-can-you-safely-hold-3x-leveraged-etf "Over longer periods, (Longer Than what?)...

Price TA shows where market changes from buying-to-selling and selling-to-buying... and shows the technical stop. What else does a trader need? Doubters whine, "PA doesn't work". Yet the SP chart over the past year showing "declining tops line as big resistance" has been posted THOUSANDS of...

You say "it's obvious", but is it? I believe the biggest problem in people accepting "Price TA"... is that they really don't understand the concepts of "support" and "resistance". They genuinely cannot "see the forest for the trees".

I don't recall the name of that thread... so far back. I answered maybe 200 questions over that weekend. Not long ago I tried to run it again... virtually zero response. I guess all the ETers understand it now and don't have any more questions... :D

Not true. "Everything is baked into the price up to that point", is true enough. But the parts you want to know and trade are all based upon what I've recommended for years... "Buy Support Sell Resistance Chase Breakouts Trade with stops" True today as it has always been.

Saw a story last week where some guy tried to charge his EV with house current... and it took 5 F'n DAYS.. to charge up for 125 miles of range. EV's "not ready for prime time"....