Quote from bgp:
well lets look at where and when i was very bearish on the market back in 2007 . i am still bearish maybe even more so now .
bp
I too was bearish in 2007. Everybody is bearish now. That's why I'm bullish.
Xmas Rally Has Finished.
- Thread starter GrandSupercycle
- Start date
I too was bearish in 2007. Everybody is bearish now. That's why I'm bullish.
Human psychology. I've seen this over and over again. The time to get in isn't when everybody is positive about the market - that's when you get out. Get in when everybody is afraid.
Anyhow, it doesn't really matter to me. I'm trying to learn how to trade the market as it is today without making grand predictions about where it is headed weeks/months into the future.
Quote from bhardy307:
I too was bearish in 2007. Everybody is bearish now. That's why I'm bullish.
You need to know that in general this forum is a favorite of huge permabears. Don't try to reason with them you can't. For example, try telling them Canada has had no Q/E at all except for limited amounts in 2009. That won't stop them from saying the whole market is propped up by Q/E, no matter how ridiculous that claim is. Try to introduce concepts logically they fall on deaf ears, there is too much of a greed factor in play with various "analysts" wanting to call a big crash. Many, many topics on this site reflect heavily on this bet. They want a crash, think they can talk one up. Its residue from 2008 and people who missed the chance.
I have an SQQQ 3x leveraged inverse NAZ100 ETF trade long on and the stop is based on QID going to 41.82 and QID going to 52.12.
You can calculate what the risks are from that, but as soon as it's profitable by about 2% on QID then the trail stop will start to set and hopefully reset higher than its initial which happens more often than not.
It is 1 in 15 trades that hit our target, and nearly 8 out of 9 that'll be trail stopped out, but I've been looking to trade within the trends taking only trades that are the same as my pairs trades.
The pairs trade itself is down marginally, less than 0.25%, but I have turned that into more than a 7% profit and my first of many $10,000+ weeks for me, personally.
Today's action put my CTA's proprietary trading record well into the black, and if you're thinking what I'm thinking you'll also know that there is practically nobody who knows how to trade any of these instruments profitably.
This chart reads another lower high, so I ought to have held the trade and wait for that oscillation since I cannot daytrade in my model, I am allowed 3 day trades every 90 days, so it should be all right.
Quote from bgp:
regarding what the fed has been doing, albert einstein once defined insanity as doing the same thing over & over again and expecting different results . so you smart ones just think about what's been happening .
bp
Why is this talked about in every thread?
Is there some point to it? Because it rationally has absolutely nothing to do with trading, but more about failed socialist policies than anything else.
I was an RIA Rep advising clients to hold knowing my managed accounts managers would buy up super cheap stocks, and even though the volatility for my practice was only -7% at its worst, some clients who were more aggressive didn't fare too well but gained all of their losses back and then some even when the dow didn't even come close to breaking 14,5.