The mom contrarian indicator

[nillionaire]

My mom is a terrible trader. I've noticed she frequently panics at the bottom. So let's document this and see how bad she is.

Today I talked to her, and she is panicking and telling me to stay out of the market. So I think today is the bottom.

 

[Baron]

Haha!

A relative texted me today and asked if he should sell his stocks because his account is down 70% since he started. I think he was playing around with GME and some other high flyers in the news and he got burned in the process. So yeah, between him and your mom, this is probably a great time to buy.

Also, my college roommate from back in the day calls me occasionally wondering about whether he should jump into a certain investment. Every time he calls me about something, more often than not, it usually signals the top of that particular market he's inquiring about. The thing is, no matter what I tell him, he never actually makes any trades. But wow, what a great indicator he's turned out to be.

 

[Saltynuts]

I think your mom indicator probably nailed the bottom. May this thread, and your giving us updates on your mom indicator, live forever!!!

 

[stochastix]

you idiots will use any random noise as input

 

[Saltynuts]

you idiots will use any random noise as input

Be nice. Any why would a mom freaking out be "random noise"? Be fearful when others are greedy, be greedy when others are fearful. nillionaire's mom indicator might literally be the most perfect indictor known to mankind.

 

[stockpredictor]

Idea to improve your system: find other reliable contrarian indicators and correlate them. If they provide the same signal on a confluence, then it may be more reliable.

 

[JSOP]

My mom is a terrible trader. I've noticed she frequently panics at the bottom. So let's document this and see how bad she is.

Today I talked to her, and she is panicking and telling me to stay out of the market. So I think today is the bottom.

This is probably why even Melvin Capital is tuning into retail trader sentiments to help him gauge the "feel" of the market. https://finance.yahoo.com/news/melvin-capital-surged-22-february-215002243.html.

Your mom is the man!

 

[Mercor]

Idea to improve your system: find other reliable contrarian indicators and correlate them. If they provide the same signal on a confluence, then it may be more reliable.

You mean find two Moms

 

[RedDuke]

I smile when I read such threads. What bottom??? market is what like 2 percent down from ALTH? It rallied 100 percent over course of last year from last year lows

 

[farmerjohn1324]

I knew the guys on here still lived with their moms! Confirmed!!