Another article on why the stock market keeps rallying.....

[SimpleMeLike]

BULLSHIT when it comes to futures though. I have gone long and held for weeks, and have gotten burned many many times. Because for some reason, the market decides to correct 10-20 percent every few months now. The new normal. A very sad thing.

I think the CME needs to implement monthly equity futures, instead of this quarterly deal. Why do they do it on a quarterly basis, instead of monthly?

https://www.elitetrader.com/et/thre...ket-keeps-rallying.344564/page-3#post-5096114

Yes, that is why you need to just buy the SP 500 index twice a month like me and go with the flow. I been doing it since 2009 and its easy money, and I do not even read the news articles or understand politics or any of that fancy talk, and I spend the time day trading to make consistently money. Overtime the market is going to Always go up. Just look that chart since 1970, it goes UP, so just buy when you get some money monthly. Then you have more free time for other stuff. No need to read the news articles. Sounds simple to me.

 

[Overnight]

https://www.elitetrader.com/et/thre...ket-keeps-rallying.344564/page-3#post-5096114

Yes, that is why you need to just buy the SP 500 index twice a month like me and go with the flow. I been doing it since 2009 and its easy money, and I do not even read the news articles or understand politics or any of that fancy talk, and I spend the time day trading to make consistently money. Overtime the market is going to Always go up. Just look that chart since 1970, it goes UP, so just buy when you get some money monthly. Then you have more free time for other stuff. No need to read the news articles. Sounds simple to me.

It is too late for me, friend. I went all in at the very tippy tippy top in the beginning of February, on dividend stocks, across all sectors. Yes, I'm one of those guys, who was looking for dividend income. *shrugs* My last bastion of income is trading the futures, and so say I all. But all throughout April I could not do my old swing method, because I had just bailed on a 2000 point loss on the NQ.

I do not have the experience to know that a 2000 point drop in the NQ can then lead to a 2000 point rise a month later. And I thought Feb 2018 was rough. And I thought Q4 2018 was rough...When is this market going to do what all the doomsayers say is going to happen? Drop 50-70% and stay there for a couple of years? Where is the bear market that will wipe out the bulls?

Because as far as I can tell, rotating long will still make you whole. Too bad I did not get the memo after I sold my long future entries at near the low of the cycle. Where's the "bear market"?

 

[Trade Prophet]

This bear market bounce is, I believe mainly due to fed and has little breadth outside tech and healthcare sectors. House of cards that's likely to fall hard if fed pulls back.

Remember how fast selloff markets move down. I'm using tight trailing stops on open longs I'm in and will aggressively buy inverses TZA FAZ etc on gaps and 2day high breakouts.

If markets keep going up I'll reluctantly scale into long ETFs like TNA FAS

I completely agree, it's all artificial, fed made, but I don't prove too much as to the "why", I'm playing by the rules and if the current momentum is bullish, let's ride the bull, right stops and all, not too sure about the next meltdown, the economy is suffering but that is already priced in, if any weight may slow the market, it's earnings and future guidance

 

[systematictrader]

She had big ass, so I just went the flow of things to smash to dash.

TRue that

 

[systematictrader]

https://www.elitetrader.com/et/thre...ket-keeps-rallying.344564/page-3#post-5096114

Yes, that is why you need to just buy the SP 500 index twice a month like me and go with the flow. I been doing it since 2009 and its easy money, and I do not even read the news articles or understand politics or any of that fancy talk, and I spend the time day trading to make consistently money. Overtime the market is going to Always go up. Just look that chart since 1970, it goes UP, so just buy when you get some money monthly. Then you have more free time for other stuff. No need to read the news articles. Sounds simple to me.

The power of compound growth is undisputable along with passive investing in the S&P 500

 

[systematictrader]

BULLSHIT when it comes to futures though. I have gone long and held for weeks, and have gotten burned many many times. Because for some reason, the market decides to correct 10-20 percent every few months now. The new normal. A very sad thing.

I think the CME needs to implement monthly equity futures, instead of this quarterly deal. Why do they do it on a quarterly basis, instead of monthly?

If you know it happens every 2-3 months why cant you pick it?

 

[newwurldmn]

I was messing around with this young lady about 12 years ago who daddy owned a law firm. She was pretty and nice body. Typical woman I talked to.

She was driving a Benz S500. She owned it and showed me the title in her name. She said her dad bought it for her.

She was out drinking one night and totaled the Benz. I said what are you going to drive now, she said my dad going buy another Benz S500 this weekend.

I said, stop bullshitting these car cost alot of money.

Her exact words to me was "You are poor and do not have money, so you will never ever understand how us a rich people have money"

She had a new Benz S500 that weekend.

It is best to get rich and stop trying to understand what rich people do.

Uh huh.

 

[systematictrader]

I was messing around with this young lady about 12 years ago who daddy owned a law firm. She was pretty and nice body. Typical woman I talked to.

She was driving a Benz S500. She owned it and showed me the title in her name. She said her dad bought it for her.

She was out drinking one night and totaled the Benz. I said what are you going to drive now, she said my dad going buy another Benz S500 this weekend.

I said, stop bullshitting these car cost alot of money.

Her exact words to me was "You are poor and do not have money, so you will never ever understand how us a rich people have money"

She had a new Benz S500 that weekend.

It is best to get rich and stop trying to understand what rich people do.

Good one good one

 

[systematictrader]

It's just another bubble that's going to pop on day.
All I can see is the FED bidding stocks up.

Dollar is a safe heaven,
People all over the world buy dollar denominated assets.
But when the tide goes out do you discover who's been swimming naked.

This tide wont go the other way most likely any time in our life time

 

[aocstack1]

That Zoom trading confusion is epic though