You have to learn on how to deal with a bully.
Trading today's Fed.... the Powell reaction trade
- Thread starter KCalhoun
- Start date
The media will not let anyone forget about Covid. Omicron is yet another ratings gift so the fear can be reignited. Is the vax effective against omicron? Depends on how you define "effective". Seems like lots more vaccinated people are getting covid now (or maybe that's just my TV talking) but maybe it's much less deadly and those that are vaxxed are less likely to be hospitalized? That's what my TV tells me I'm supposed to think.
We're getting some nice volatility here so I'm not complaining.
You've been in this market long enough to know the markets can latch on to anything at any time and just go. Today it's the Fed, tomorrow covid, maybe Ukraine Monday...next week maybe tire shortages... who knows what's next.
What are you are missing here is that his track record on many ( not all ) of his trading ideas are poor since April 2020. This is due to an extreme negative bias about markets and a stubbornness leading to revenge trading for over a year. Not scaling up on poor ideas is actually smart.
His recent disclosures suggest either he's either deliberately misleading or just can't face any setbacks himself and regroup. I'll call this kind of behavior every time. He doesn't have a proven system and my observation is the choice of what to trade is often mediocre. He puts the effort in and obviously has some trading ability, but more honesty is needed or why bother posting anything.
For sure i would be one for data and analysing it. I wouldnt be near anything that didnt have tonnes of backtesting and then my own forward testing