iBankCoin

STOP BEING A CONTRARIAN — FOLLOW TRENDS

Most of the mistakes you’ll ever make will begin with you thinking you had a great idea. No you don’t — and no you didn’t. The idea that you could front run the entire market in some harebrained scheme is laughable and extremely low probability. While you might anticipate a sudden panic from time to time, clearly you aren’t psychic — so stop acting like you are.

Sometimes people lie so much, even to themselves, that they begin to believe said lies. Don’t be that guy.

This is easy people, the easiest money you’ll ever make.

Listen to me. Follow trends.

What does that mean, exactly?

Leg hump the 52 week highs list. There isn’t anything holding them back — no price memory. Valuations are moot and if you know the right stocks in the right sectors — you can extract a nice move in a short period of time.

LISTEN TO THE GUY IN THE TIME MACHINE, believe me.

Last week the top performing sectors were tech (+1.7%), healthcare (+1.9%) and basic materials (+1.8%).

Year to date, tech, a personal favorite of mine, is up 6%. Inside tech, my personal favorite is software. Application software is +37% for the year. Had I waited around for some other non-performing shit to move, I’d be here holding my dick now without gains.

Here are the YTD winners in software.

For now, this is where the money is going. I don’t want to be presumptuous and imply this is always going to be the case. If I did that, I wouldn’t be following trends. But this is working now and if you’re not trading these stocks, or something that looks as good as this, you’re literally wasting time and money.

Happy Saturday.

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11 comments

  1. it is showtime

    You’re on your way
    to civil war
    2-point-Oh

    Oh I’m sorry, I said that was the case 3-4 years ago

    You’re now close
    A n d – s t o c k s – j u s t – a r e – m o v i n g – t o – t h a t – o b l i v i o n – b l o w u p – p o i n t

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  2. skulduggery

    So now you’re a Turtle Trader?

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  3. moosh

    Everyone should entertain and value the contrarian thoughts. Don’t lump Showtime into contrarian

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  4. bennyhill

    Nonsense this is the easiest market in a century – the winners were so obvious 5 years ago – FAANG stocks are taking over the world just buy and hold and get rich it’s not too late.

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