Bear Market almost ready to resume. .....
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You want more depressing news? My gains from last week don't include the gain in my pro accounts that I can't show. Worse, I went long on Friday's close by closing long var and the purchase of 500 long put index diagonals at a credit. I'll make $550K in those when they trade to a buck debit tomorrow.
So yeah, your $500 bet in Monopoly money is safe. You lose in 90 minutes.
So yeah, your $500 bet in Monopoly money is safe. You lose in 90 minutes.
. Wow I wonder why a self proclaimed billionaire trader would be trying to solicit sheep money to trade on ET and now twitter ?
You should at least pay Baron for your stealth hustle
No wonder fat tail folded
Oh yeah, nearly forgots!
I am accepting POA accounts over $50MM. 2+20%; quarterly.
Shhhh, it's a secret!
Let's all pass the hat around for Polenta as his ES sim-short is going to blow through his sim-stop tonight. If a sim-stop gets traded through... is it really a loss?
A moment of silence, please.
I am accepting POA accounts over $50MM. 2+20%; quarterly.
Shhhh, it's a secret!
Let's all pass the hat around for Polenta as his ES sim-short is going to blow through his sim-stop tonight. If a sim-stop gets traded through... is it really a loss?
A moment of silence, please.
fibo,
You in Malibu eh? You're not far from me then. If you're up for it...I'll take ya up on that ride. That'd be great fun.
But, if you want to air out that Turbo through the canyons then we'll have to go some early morning like 3a-5a when the L.A. County Sheriff's look the other way and tacitly allow we speedster's to run through the hills unchecked. But, of course, you know that.
Better than Malibu Canyon, which is wall-to-wall traffic 24/7, and way too straight...we should do Stunt Rd. up to Saddle Pk, then down Big Rock to the water, or we go either way on Tuna to make the full loop. Less chance of accidents and better turns. We'll blow all the 'lil G's and Euro's that gather in the hills at night off the road.
It's all good too. I got no beefs here. I'm just here for the entertainment. I got no aliases either. And yep, that's really me in the pic. Someone took that shot of me at a charity Crossfit event at MGM. You can see I'm harmless. Just an old Trader, who still digs on adding throttle and making turns.
Whaddya say? Meet ya at Trancas Mrkt some day soon. Lemme know, it'll be fun.
You in Malibu eh? You're not far from me then. If you're up for it...I'll take ya up on that ride. That'd be great fun.
But, if you want to air out that Turbo through the canyons then we'll have to go some early morning like 3a-5a when the L.A. County Sheriff's look the other way and tacitly allow we speedster's to run through the hills unchecked. But, of course, you know that.
Better than Malibu Canyon, which is wall-to-wall traffic 24/7, and way too straight...we should do Stunt Rd. up to Saddle Pk, then down Big Rock to the water, or we go either way on Tuna to make the full loop. Less chance of accidents and better turns. We'll blow all the 'lil G's and Euro's that gather in the hills at night off the road.
It's all good too. I got no beefs here. I'm just here for the entertainment. I got no aliases either. And yep, that's really me in the pic. Someone took that shot of me at a charity Crossfit event at MGM. You can see I'm harmless. Just an old Trader, who still digs on adding throttle and making turns.
Whaddya say? Meet ya at Trancas Mrkt some day soon. Lemme know, it'll be fun.
SENTIMENT: I.e. crowd sentiment.
Want a stunning example that is sooooooooo much like at ET at major Market tops/bottoms?
I have one for you. But first let’s revisit the LAW, aka The Law of Herd Behavior
When things get more and more and more and more one-sided, the astute contrarian is watching all the time, his money is in line with the crazy Herd (middle to top portion of a trend). The contrarian knows in his bones that there are only 2 good uses of the Herd.
When the Herd goes mad and starts propelling the market higher and higher, the contrarian stays on his horse and keeps riding the trend. But his eyes and ears are always wide open for the red light of red lights. That is the 2nd use, namely when it gets soooooo one sided as it now has been at ET, so one sided that you have cats like Mr Burke proclaim, SPX sooooo easy money, taxi drivers, waiters, bus drivers, office workers all just buy and instant profits.
The contrarian looks at Vix, the DSI, US govt. conference board and other sentiment indexes and compares them to what HE is actually seeing on the ground in trial life in real time.
When they jive, he closes all Longs and retires to a cave to enjoy his spoils.
He does NOT go SHORT yet. For this he must wait for a pure technical breakout
Revisiting the Law is complete
Now let’s apply this Law to nobody’s friend, but a friend to Fibo trader. ....... president Donald J Trump, quite possibly the best president EVER and for the first time in history we gots a CLOSER in the White House, one who can say NO to China and other freeloaders sucking the marrow out of the ever munificent, magnanimous, unselfish USA.
Want a stunning example that is sooooooooo much like at ET at major Market tops/bottoms?
I have one for you. But first let’s revisit the LAW, aka The Law of Herd Behavior
When things get more and more and more and more one-sided, the astute contrarian is watching all the time, his money is in line with the crazy Herd (middle to top portion of a trend). The contrarian knows in his bones that there are only 2 good uses of the Herd.
When the Herd goes mad and starts propelling the market higher and higher, the contrarian stays on his horse and keeps riding the trend. But his eyes and ears are always wide open for the red light of red lights. That is the 2nd use, namely when it gets soooooo one sided as it now has been at ET, so one sided that you have cats like Mr Burke proclaim, SPX sooooo easy money, taxi drivers, waiters, bus drivers, office workers all just buy and instant profits.
The contrarian looks at Vix, the DSI, US govt. conference board and other sentiment indexes and compares them to what HE is actually seeing on the ground in trial life in real time.
When they jive, he closes all Longs and retires to a cave to enjoy his spoils.
He does NOT go SHORT yet. For this he must wait for a pure technical breakout
Revisiting the Law is complete
Now let’s apply this Law to nobody’s friend, but a friend to Fibo trader. ....... president Donald J Trump, quite possibly the best president EVER and for the first time in history we gots a CLOSER in the White House, one who can say NO to China and other freeloaders sucking the marrow out of the ever munificent, magnanimous, unselfish USA.
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