You could have promoted ANYTHING, and I mean ANYTHING, since end of March last year, and you'd be up quite a bit on the call.
The last 12 months of market action was insane. And up. Like those Ghostbuster stairs, right @bone ?
Heh.
the top is in
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You could have promoted ANYTHING, and I mean ANYTHING, since end of March last year, and you'd be up quite a bit on the call.
The last 12 months of market action was insane. And up. Like those Ghostbuster stairs, right @bone ?
Heh.
lol. maybe if i used spreadprofessor i could get it right. if i didn't try shorting i could have paid for a lifetime subscription for everyone in this thread. maybe next time.
I just take it day by day, week by week. When the market turns I will know it after the fact.
Glad you’re having a good month. Let’s not get a swell head, though, and keep it going.
You make a good point. For me, I like the idea of playing short-term fluctuations in a bucket shop like Livermore did until he got banned for being too good.
I don't think you are realizing how good those areas were in 2020 ( numerous 4 to 6 baggers in the mix ). And in recent months,. energy was the best sector to be in period especially Cdn energy companies. Certainly putting every cent you had in Nasdaq or some niche tech etf from late March to November would have worked about as well, but with much higher risk imo. And who really did that ? Many were shorting the rallies getting killed to some degree doing so.
Ahead of the curve, I'm predicting gold miners go on a run here, with the "bottom" on Thursday. May work, may not, I suspect it will work. The risk involved is moderate.
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What was your play? I was bearish going into last week, but switched to the 'bull template' for the week already on Monday.
I thought your OP was meant humorous. Generally, the problem with every top call is timing. Same with those signs you posted. The market can stay irrational for longer than ...
I sold SPY 396 puts and 400 puts I was not expecting this quick of a run up when I sold them. Taxman is gonna rip me a new asshole in 2021 if we keep going up and all my short puts end up OTM. What the hell is going on why is the market jumping so fast to the upside?
Something is going to give soon. We have seen this euphoria before and it never ever ends well.....eventually the markets will Crack, the trajectory of these indexes is just too extreme, I am looking at just one year charts...literally just 1 year charts and see stock charts that look like mt everest when seeing how low they were in March 2020. Even when comparing them to Feb 2020 market highs, just before the end of March lows, today's highs look absolutely insane.