Search results

Disagree. "You follow 160 markets... and you follow/trade them well"? I call BULLSHIT!!

Biggest(?) market is ES... SP500. There is also a smaller contract, the micro-ES. If you want to try to trade the ES "for its potential", you won't have enough time to do a good job of following other markets. The ES offers the potential to make $Hundreds of Thousands.. $Millions/year... if...

100% Disagree!! Persistent high inflation is a KILLER!!! Not like a "bullet behind the ear", but more like taking the "Covid death shot". (Excluding, of course, those unfortunate to die from the shot right away... :()

What a HUGE mistake that was! Lead to the mess we're currently in. If JPOW chickens-out again this time, we'll have 10 years or more of double-digit inflation. That will wreck almost everyone. If he "sticks to his guns" and allows the market to "price-out" excesses, we'll have a strong bear...

The KISS explanation... "It's a 20-yr bond fund/ETF. When market is buying bonds, TLT goes up. When market is selling bonds, TLT goes down". Some think the TLT will be going up because of anticipated bond buying (interest rates have peaked and will soon be falling). Seems unlikely...

Bear market will end either A. Market "plays-out" typical bear market price pattern... that may take more than another year. B. Market anticipates "JPOW will cave and start juicing again"

When it comes to defense and capital preservation, nothing is better than "stopping out when you should". If you let the trade get beyond that against you, you're at the mercy of the market.... not a strategy for success.

Exactly my point.

Citi was sort of a special case. A MAJOR bank.. too big to fail. "Fed gonna bail them out at some point" was a risk worth taking.

Ahhh... the definition of "investment"... is a busted trade. -- The late, great Ed Hart.

Yeah, "dump 'em all"... EARLY.. when you should. What about when you didn't and now are "late"... and what about "how late"? No simple answer.

You may not recall... but Citibank traded at $.98 in 2009. Citibank for Christ's sake... trading like a penny stock.

Different decision at different price levels. When you don't stop out at a proper level, all sorts of demons come into play to haunt your mind.

As always. The lawyers get the lion's share. I get a check from the class action for $1.33. It's disclosed that the lawyers got $65 Million to get me that $1.33. Thank Gawd for justice. That's what makes America, "America"!!

If you've already missed the smart stop-out level, then you might play for the "eventual recovery".

When they are down -90% from their highs, double up. When they are down -95% from their highs, double up again.

No. The revenooers might look into you to see whether or not you cheated. Always possible you were either smart or lucky.

I was wondering what chicken crap actually sold for... Are there "grades" of chicken crap? Better crap sells for more than crappier crap?

When prices get waaaay cheap, you might speculate by taking some of your "chicken crap substance" and putting it on crypto. That seems a most logical and prophetic risk/reward play. :D IOW... (1) Cash in your chicken crap, (2) invest in crypto at ultra-low prices, and (3) become a...

That makes sense. "Last year's chicken crap" has substance... and no matter what anyone thinks of it, still has intrinsic worth.