He is not saying never, what he is saying that before we see 20% correction, Apple will be trading at 1000 and SPX at 6000.
That's just nuts.
He is not saying never, what he is saying that before we see 20% correction, Apple will be trading at 1000 and SPX at 6000.
Hehe, did you happen to mortgage a house and go long QQQ back then also? With eyes closed?
He is not saying never, what he is saying that before we see 20% correction, Apple will be trading at 1000 and SPX at 6000.
That's just nuts.
that's how you catch a super cycle... ALL IN...
that's how you get real rich.
Well, I am asking because if you went all in long QQQ back in spring of 2000, with eyes-wide-shut, you'd have not broken even until 16 1/2 years later, in Nov 2016. For people back then who were nearing retirement, if they did that, and they needed to take some money out 10 years later, say, they would have been in a bad place. If they survived at all.
Likewise, it could be the same here. Go all-in blindly QQQ with yer house mortgage now? It could be years before it recovers from the next big drop. So depending on your age, it may not be a wise thing to do.
can you come up with something new, like original? the 2000 peak entry is an idiot argument I had to debunk so many times..... I can accept you are 4 yo trader but this one disappoints me.
the biggest difference, when you become a market master like me.... is this -
you no longer fear corrections... you are ONE with the market, because you see all the cards....
you know what the market wants to do..
you know when it will do it - well not precisely to the minute but you can feel them boys have a secret meeting and decide today is the day they gonna dump a bunch of contracts to knock it down because the dumb money has come in and there are stops down below.
and therefore....
you appreciate the market, every move.
if it goes up, in this case there is no surprise;
if it goes down, it is really just doing the cleansing for me, nothing more.... it's not hurting me, it's cleansing for me, it's working for me.
some day you might get it, finally, and feel the true mastery... but it will take time..
what ever you do doesn't matter much... tick chart or monthly chart.... but you gotta think independently... with eyes open... head on the swivel..
all the evidence is there... if you pay attention you will get it. it's not that complicated... but you must be willing to blaze your own path, ask the question nobody else wants to answer.
that's when you know you got on the same page with them pro boys.
I dunno, the speed of it all freaked me out (almost 2% in like 30 mins). Obviously that's on the index, I was down almost 4% in that time period on stocks:
View attachment 219917
It didn't go anywhere near as far but the speed seemed almost like the 2010 crash. It didn't seem like a stop hunt today, that was liquidity being removed and lack of bid.