Not one person would ever believe the US is headed in that direction ....everything just feels too good when you have "unlimited" funds to keep the economy and stocks propped up.
Bears throwing in the towel everywere . Fighting the Fed did them in
- Thread starter hafez50
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Not one person would ever believe the US is headed in that direction ....everything just feels too good when you have "unlimited" funds to keep the economy and stocks propped up.
Plenty of stocks still with P/E's under 10. Feel free to buy them. It IS a free market.
On March 15th, poster "Schizo" said we wre definitely going to see US markets go the route of Japan now and you claimed that 3300 on the SPX was "looking like Mt. Everest". It's amazing how absolutely silly some of you get during corrective moves. You literally lose your mind and start predicting 800 on the SPX.
Ken:
If I could make one suggestion, check your biases. You mention reality setting in. The reality IS the price / momentum / volume / breadth -- and most importantly, PRICE. Once your belief system doesn't have built-in biases as to what has to happen or some connection to the economy or your feelings, you will be better off. Start wanting what the market wants, not what you want. Be water, my friend!
If I could make one suggestion, check your biases. You mention reality setting in. The reality IS the price / momentum / volume / breadth -- and most importantly, PRICE. Once your belief system doesn't have built-in biases as to what has to happen or some connection to the economy or your feelings, you will be better off. Start wanting what the market wants, not what you want. Be water, my friend!
You are trying to coach the trading coach?
Why is it that very few are content with broad markets being confined to a trading range for the next three to six months?
Why is it either "Armageddon" or "To the Moon"?
Jack Schwaeger and his 'Market Wizards' bullshit was one of the worst things to ever happen to independent speculators and how they psychologically frame markets. It's horseshit. All of this John Henry and George Soros monster position huge score macro market call dick swinging nonsense. It's narcissistic self-aggrandizing delusion.
Every trader that I've ever met that has made serious FU money did it with a good idea and dinking and doinking each day every day. As you build account equity you increase your bet size. It adds up. Sometimes they had particularly good days - but it was a byproduct of their trading system. I can't recall one of them having a particularly strong idea and betting everything on it for a huge score. Not really how it happens TBH.
We are in a bounded market. So trade it that way. The Fed is propping up the downside and the fact that we are officially in a Recession is capping the upside. So what. It is what it is. You can only control what you can control. So deal with it.
Why is it either "Armageddon" or "To the Moon"?
Jack Schwaeger and his 'Market Wizards' bullshit was one of the worst things to ever happen to independent speculators and how they psychologically frame markets. It's horseshit. All of this John Henry and George Soros monster position huge score macro market call dick swinging nonsense. It's narcissistic self-aggrandizing delusion.
Every trader that I've ever met that has made serious FU money did it with a good idea and dinking and doinking each day every day. As you build account equity you increase your bet size. It adds up. Sometimes they had particularly good days - but it was a byproduct of their trading system. I can't recall one of them having a particularly strong idea and betting everything on it for a huge score. Not really how it happens TBH.
We are in a bounded market. So trade it that way. The Fed is propping up the downside and the fact that we are officially in a Recession is capping the upside. So what. It is what it is. You can only control what you can control. So deal with it.
Agreed and usually I am strictly a price action trader.... great analogy re water.
Like Cramer said yesterday don't fight the fed or the tape. He also said hedge fund managers had a hard time with the rally.
Like hafez said trade what you see not what you think. Brilliant.
But seriously the world is going to hell, depression era unemployment, earnings misses and bankruptcies,, coronavirus record deaths, fed propping is house of cards bandaid, worst time in our generation and the markets fcking rally!?
Quote from Princess Bride: "Inconceivable!"
You and your hindsight analysis.
At least I called the top. You kept saying we would never go down, that we can only go higher. So why dontcha just wait until we hit the ATH (if that ever happens) then lash out your frustration? Until then, we're still not out of the woods.You and your hindsight analysis.
Posts are in history we were never in a bubble and a black swan medical event massively disrupted the economy. A bubble doesn't come back once it's bust it takes many years to recover if it ever does. The fact that many aspects of the US stock market recovered entirely in 3 months is totally refuting many of your theories, whether you understand it or not hardly matters.
Your Japan theory and setting the ATH as a "lifetime" ATH were classic signs of a short term trader with not much sense about fundamentals and long term trends. Careful in that second wave that's about the only way your forecast comes true
.And I bet you consider this recovery as normal, just as when we were trading at the ATH you considered that as "business as usual". Yeah, whatever.
BTW we're about to get hit with another wave of Corona. Let's see if this market could recover so fast then.