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In 2005, someone asked me what I thought the best investment was. “Short the U.S. dollar or buy gold,” I responded—an unusual statement for an option trader. When I spoke those words, gold traded at $450 per ounce. Four years later, gold was trading at $1,150. The prediction was based on a...

Maybe I'm just retarded, but I can never think in terms of "x times leverage". For me, it's straight up lot size per trade (eg. 10 ES lots per trade). Am I the only trading imbecile here? :D

Didn't he also say "SUCKERS!!" ? :sneaky:

No different from all the reasons and excuses you normally find at CNBC, but still worth noting. :) cnbc.com JPMorgan is cautious on crypto as retail investors dump following ETF hype May. 2nd, 2024 Retail dollars flowed out of bitcoin ETFs in April, and JPMorgan encourages investors to adopt...

Isn't that why they moved on to using EBITDA?

So far, only up measly 6.5%. :sneaky: Will this be enough to pump up the market tomorrow?

Well, first of all, job well done by the bulls today. But considering that we're at a critical point in time where a bounce is kinda overdue, was this really that surprising? No. Just look at the chart below. Today's candle doesn't look all that impressive compared to the previous 2 red candles...

Short 90 SL 96

Why are people pretending we're still in an uptrend? Or am I the only crazy one here?

I can picture you saying the same empty rhetoric when the market tanks another 10% from here: "The ATH will come, soon, believe me!!" V-man, just sell every damn rally and you'll be rich before you know it. :sneaky:

So was it a false breakout? No it wasn't. Is it a false breakout this time? I don't think so. :) I'm gonna leave it at that.

Nah, there's no need. I don't even know the guy. I like to think he's a cool guy though. Plus, this place can use some differences of opinion. There's too much groupie herd mentality as it is.

But he said, "traders got whipsawed". I took that to mean day traders. But if you just sat on your butt the entire time this happened, I ain't sure if you could call yourself a day trader. :) Just my 2-cents.

Well, I wish you good luck all the same. I'll just leave you with the following chart. Maybe that will better explain why it had to drop.

It was rather straight up and straight down moves. And enough hint was given at the top before reversing back down. I don't see why anyone needed to get whipsawed to hell.

Geezus, when did you ever see SPY move $15 in one day?

Precarious times for Bitcoin. But as they say, no pain... no gain.

Treasuries aren't the only game in town if you're into bonds. Junk bond / Treasury spread