These burning money would rather go into crypto, not the stock market. BTC is poised for huge rally above 100k in a couple of months (preferably, weeks). You can write this down!
Who thinks it will be choppy for the rest of the year?
- Thread starter trader99
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These burning money would rather go into crypto, not the stock market. BTC is poised for huge rally above 100k in a couple of months (preferably, weeks). You can write this down!
I'm not predicting a huge reversal like these bears. I feel like it's gonna be choppy. Just opinions. I trade what I see not what I think...
Lol, might very well be the case if we all think it's going down.
What will probably actually happen is daytraders will get squeezed to the upside and then the market will reverse. Bottoms and tops are almost always like this. You don't get to position yourself for the move. It moves violently against you and only then reverses.
Really? Bernanke, Yellen, Powell, and every other central bank on earth disagree.
I often learn the hard way "don't predict, react". My solution is to play both sides and hedge for swings.... the bull side of me is long AAPL FCX CAT MGM TLRY etc, the bear has me in UVXY SQQQ.... I'll scale in the trend of whatever goes up.
I doubt choppy markets this year, lots of news and market moving stuff on the horizon, like Biden's huge tax increases looming.
I doubt choppy markets this year, lots of news and market moving stuff on the horizon, like Biden's huge tax increases looming.
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I dont try to predict also/forecast can be helpful.
SQQQ + sds can get choppy;
but QQQ,TQQQ,SPXL,UPRO,qld are trending well/uptrending on most time frames, once they turned positive in 2021. BUT sh, sds tends o be less choppy than spxs
SQQQ had a nice upgap from FRI, not in that one now, but did take profits today on spyg....................................................................................................................
I meant in the context of trading. If you are just holding and buying dips, Bernanke, Yellen and Powell definitelly got your back lol.
But how many people here are holding through the dips? I was there during the March crash. Just go check the posts, if you mentioned the market was gonna ever go up again you got bullied and laughed at. People thought we would never go up again. People fukin sold the bottom scared for their lives and that's what i mean by "there is no free money"...
The March/April posts by some on here are hilarious. I even told them it was reminding me of 2009 yet they carried on oblivious to what was about to happen. Poster "Schizo" said we'd never see 3390 again on the SPX in our life time.
There is no certainty about the market so can’t say. Hope it does some good. Try not to worry about it so much, it might get better in time.