the top is in

You don't have to time a market in order to be a successful trader. If sellers are taking the bid liquidity you step in front of them and sell. If buyers are taking the offer liquidity you step in front of them and buy.

You don't need to make these sweeping macro market calls - that's Jack Schwaeger Market Wizards crapola. And honestly it's just shit risk/reward.
 
Nine_Ender said:
Should we go back to your posts in March just before the market went up far more then 33% ? How about in 2016 when you said we'd go down 40-60% and instead we went up 50% in around a year ( that's a 90%-110% mistake hard to do with indexes but you managed it ). How about April 2009 when you said markets were going to go down hard ?

Literally you are on the wrong side of market moves more then anyone on here.
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You started buying triple short etfs in June 2020. I just looked at the SPX chart in June; it was around 3000-3100. We are almost 3900 now. So markets are up almost 30% since your trade and you bought highly leveraged shorts.
 
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People I’ve known for many years who never showed interest in the stock market ask me repeatedly about it. I keep saying the same thing: it’s a bubble. I can sense that a few of them are a bit upset with me because they interpret what I say as advising them to stay out.

One person told me she “missed out” on some gains but she moved some of her 401k into index funds last week. Another person asked me, if the stock market is a bubble, what do I buy? I told her I trade index futures so it doesn’t matter if the market goes down. She asked if there is a “tutorial” that teaches how to do that. She has a physics PhD.

I know how it goes so I never tell anyone to do or not to do this or that. It’s a no-win situation really and generally I avoid the topic but it is near impossible nowadays.
 
Markets now watching every move the ten year makes. 10 yr up markets down 10 year down markets up. Better hope it doesn't jolt to 2% because the markets will fall a quick 10% in a week or 2
 
bone said:
You've been posting since 2009 that the market is overbought and due for a selloff. But you don't spend any time reflecting on the source of your message. The world is wrong and you are right. It is just such a counterproductive frame of mind for trading successfully.

Real professional traders don't wait for a market to sell off 33% before they realize it's a bear market. Your hyperbolic frenzy is infantile. If the market is selling off they sell. Traders made plenty of money the last week in February 2020 and the first three weeks in March selling the market. And since April the good traders have been buying.

What happened in March of 2020? Buyers came in. We were faced with a pandemic, offices and businesses closed, negative oil prices - and buyers came in. The world was going to hell and they let it sell off between 23 to 25 percent off the highs and they bought it up.
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So the real professiona trades just mint money....they Sold yesterday before the 350+ point drop on the nasdaq?

Are they buying nasdaq 13000 at this second?

Hmmmmm
 
A familiar phrase in trading: "That price is always right".
Then others say: "The market is in a bubble".
How can price be always right when in a bubble? A bubble refers to inflated prices so is inflated price right?

There is no right or wrong price. There is no bubble.

It is what it is, either trade it or shut up. :)
 
Plenty of opportunities to find a rather low risk place to sell today. You didn't need to come into the session short in order to have a great day today.

Every day the market sells off you just jizz all over yourself. :D

Every day the market rallies you start thirteen new threads about how insane the market is.

I can tell every new thread that you start without looking at the author. Your frenzied hyperbolic schizoid titles are the tell.

S2007S said:
So the real professiona trades just mint money....they Sold yesterday before the 350+ point drop on the nasdaq?

Are they buying nasdaq 13000 at this second?

Hmmmmm
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The first rule that my mentor in the Bond Pit told me was to never argue with the market. It is what it is. Trade the market that you have in front of you. He told me that the market could care less what my opinion was, and that I hadn't earned the right to have an opinion.

And it's a great lesson that holds up.

themickey said:
A familiar phrase in trading: "That price is always right".
Then others say: "The market is in a bubble".
How can price be always right when in a bubble? A bubble refers to inflated prices so is inflated price right?

There is no right or wrong price. There is no bubble.

It is what it is, either trade it or shut up. :)
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