Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
The "more down" trade was useless today. Much better to be in the "inflation" trade in Canada. I'd say the bears are starting to run out of time for 2021 they usually have to hibernate by November
.I'm starting to sense Ma Cho Madness is just around the corner. o yeah.
Isn't it amazing how for years I've been correct on market direction, some folks pop up on a couple of down days and rant about how I'm doing now. It's like high school.
Just like Facebook some people on this forum are here just create strife and division. And just like Facebook this site needs its members to hang around and stay engaged. I think everyone knows who the agitators are. My advice is to use the ignore feature. Don't engage the agitators.
Just like Facebook some people on this forum are here just create strife and division. And just like Facebook this site needs its members to hang around and stay engaged. I think everyone knows who the agitators are. My advice is to use the ignore feature. Don't engage the agitators.
You are also the one the who goes off and hides under a stone (stops posting for months) when there is a real bear market.
Anybody with half an eyeball can look at a long-dated chart for the past 3,234,211 years and see that indices always go up. The problem many people here have is how you embellish the idea with comments like how the Fed will swoop in and save the market anytime there is a 2% drop, or the PPT will come to the rescue, look at all those hungry dip-buyers, or similar stuff like that. When it does not work, you drop out of site (SIC - See what I did there?).
Like for the past 5-6 weeks, BTFD simply didn't work, and you refuse to acknowledge it. This was not "a couple of down days", this was "many down weeks in a row".
You tell people "Don't worry folks, the Fed has our backs, and you will be made whole by Powell." If you REALLY believed that, you would not use stops. So you don't follow the advice you give to others, and shirk the responsibility you have to your readers after saying such things.
I'm staying the course, and so should you, if you truly BELIEVE in what you say.
Haven't seen a real bear market in over a decade. I post when something prompts me to post. Otherwise, I sit and wait. I posted today I was back in, how about you whats your position?
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If you ACTUALLY look at WEEKLY YM, ES, and NQ, you would see a mostly alternating down/up pattern of CLOSINGS for the last 6 weeks. This weeks' bar is not yet closed. RTY is a different scenario, as the last all-time high was reached in March'21.
K, so I worded it wrong. But it has proven that BTFD has not worked over that time frame.