SP500 back to $3300 by end of month

[tiddlywinks]

Lol, why is it bad to be an educator once you are consistently profitable and have something to teach?

Both trading and educating(as being discussed here, the trader is the teacher) have one thing in common... it's all you!!

Based on that, they are both "bad" things in that you are the legacy.
When you go, so does the trading and/or the teaching.

Very difficult (not impossible) for a trader to create a viable, profitable, sustainable business to pass on down the line.
Much easier (and in ways, "better") to just make bank, and pass on the out-sized (in relation to your family tree) wealth. And don't forget philanthropy... which you should be doing all along to assist and promote your beliefs and causes.

 

[qlai]

consistently profitable, that's a bs phrase used by dishonest educators.....

Simply means that trader's metrics indicate that he/she has an edge and it's persistent across different market environments.

 

[qlai]

Based on that, they are both "bad" things in that you are the legacy.
When you go, so does the trading and/or the teaching.

My opinion is that skill is transferable, but talent (and experience) is not. You can train someone to be better, but you can't train them to be a star.

 

[guru]

For the markets to fully recover, at minimum the economy would need to be back where it was couple months ago, even if you discount temporarily lost income. Everyone would need to be flying again, going on cruises, eat at restaurants, going to concerts, etc.
And all the people who just lost their jobs and gigs would need to get those jobs back.
Everyone who will be evicted next month for not being able to pay rent would need to be invited back without having to pay back rent. Etc.
So yeah, the markets will go as high as your imagination permits.

 

[tiddlywinks]

My opinion is that skill is transferable, but talent (and experience) is not. You can train someone to be better, but you can't train them to be a star.

The transferee is what is important for even transfer of skill to be true, IMO.
Take a look at the turtles, where are they (the students) now? There were initially 20 students.

 

[MKTrader]

Entirely possible. Trump gave the signal today where he said he wants the market manipulators to do what they did on Friday, 5 times a day. It's going to suck.

Why would it "suck"? If you're a real trader you don't care which way the market moves or why it moves.

 

[MKTrader]

The transferee is what is important for even transfer of skill to be true, IMO.
Take a look at the turtles, where are they (the students) now? There were initially 20 students.

Turtle Trading was a genius idea in the late 70s-early 80s when it was hatched (no pun intended). It stopped working by the early 90s as more traders (even retail ones) got charting/backtesting software and market became more efficient. Now it only works during times of extreme volatility (like now). Some people (like those promoting Russell Sands) still peddle it after they had a good month, but they don't show long-term performance. And of course, no one can tell you when to start Turtle Trading and when to stop. No one can predict when markets will make big moves...that's the whole point of the system.

 

[MKTrader]

For the markets to fully recover, at minimum the economy would need to be back where it was couple months ago, even if you discount temporarily lost income. Everyone would need to be flying again, going on cruises, eat at restaurants, going to concerts, etc.
And all the people who just lost their jobs and gigs would need to get those jobs back.
Everyone who will be evicted next month for not being able to pay rent would need to be invited back without having to pay back rent. Etc.
So yeah, the markets will go as high as your imagination permits.

1. The market and economy are 2 different things (c'mon, that's 101 stuff)
2. If this is just a temporary panic/disruption lasting into early summer, people will forget about (and get back to business) VERY quickly

 

[MKTrader]

Call me an anti-guru lol.

That's Ben Settle (an email marketer's) line. Better hope he isn't sue-happy!

 

[MKTrader]

There's a reason it was your only on top call ever. You got lucky. I've been saying this on twitter for a long time: you can keep calling tops and eventually be right, you can keep calling bottoms and eventually be right. I know you haven't constantly been calling tops but what really matters is whether you went in with all 8 of your testicles (I didn't, I've never experienced a market like this and I have never gone in with all my balls...)

Stop thinking calling the top or bottom is useful. You can use EMA crosses, go in balls deep (2018, 2020), make a few million, then fuck off for a few years till the next EMA cross

I've discussed this with him and he's content making $500-1000 on days when the market is making huge down moves (the kind we usually only see a few times a decade). He says he's never been able to trade big size, despite being a market educator since the 1990s. Those are the facts. Draw your own conclusions (I'm not insinuating anything; just reporting).