Markets are impossible to predict

[farmerjohn1324]

If this is a trade, you have poor trade management.

In contrast, its a safe haven fund that so far has not been a good investment.

Simply, too early to be complaining about it bouncing around in 3 days. Also, know your destination prior to departure to prevent getting lost.

Also, be aware or you should have been aware that President Trump makes comments online in away to protect the market uptrend because he likes bragging about the performance of the markets since he's been President.

You took action (bought into a fund) based upon what President Trump did (missile strike) but you then ignored the fact that Trump will also protect the market via his tweets or live speeches...something he did.

Thus, if you're going to invest like that...why are you not keeping track of President Trumps tweets or live speeches to protect your investment that are based upon his breaking news actions ?

wrbtrader

I bought it in September and not based on Trump news.

Don't quote me on things I didn't say.

 

[Turveyd]

well, hoping guess for most people perhaps... if you understand my methodology it's crystal clear to me where the market is going.

Things change then 4weeks of time 1 trade and loss, can't live of that, hard work and intraday unless already rich.

 

[nooby_mcnoob]

Is it just me or is @farmerjohn1324 super sassy

 

[Turveyd]

Is it just me or is @farmerjohn1324 super sassy

Swallowed a theasurus but also kinda slow, most likely a damn hypster

 

[farmerjohn1324]

Swallowed a theasurus but also kinda slow, most likely a damn hypster

And you're slow enough to spend all that time studying something you can't control. Best you can is hedge your bets in case you guess wrong.

 

[farmerjohn1324]

Cause long term is hoping,guessing and waiting pretty much.

Where as short term is, market is doing XXXX jump on, jump off and attempting to tage a daily wage like a job, out of the markets.

I can make much more with a REAL JOB. Or a company, that is.

 

[farmerjohn1324]

Let's try a prediction, then. As often is - these predictions are conditional.

ES (e-mini S&P 500) today:

a. If the market holds above 3271 for the next 90 minutes - we will find today's High of Day near the Close. Should be around 3280 and a new High from here.

b. If 3271 fails to hold - we will trade down towards 3253 and find a bottom within 90 minutes of today's Close. With this scenario, we should see the market close unchanged on the day or negative.

I favour scenario b.

To trade that, you could short 3273,50 now and place a stop at 3275.

If not stopped - take a small profit and exit if we should bounce off 3271.

-

If not in a position - I would not initiate a long trade to trade scenario a at this point. But if 3271 acts as support - I could re-enter a long from there.

That's the prediction as of now (11:00). This can change based on market development, but this is what the data says now.

Looks like you're guess was wrong.

Hope you hedged your guess!!!

 

[bone]

So have you personally figured out how to hedge Gold ?

Looks like you're guess was wrong.

Hope you hedged your guess!!!

 

[farmerjohn1324]

So have you personally figured out how to hedge Gold ?

If anything, gold should be the hedge on a larger portfolio.

Unwise to go all in like I did. I just decided to swing for the fences. Imagine how smart I'd feel if I was correct.

 

[bone]

If anything, gold should be the hedge on a larger portfolio.

Sounds like an infomercial tag line.

Gold and the S&P 500 have not been inversely correlated the past twenty years.