Bleak times for momentum traders. I’ve become shell shocked to the point of refusing trades for fear of loss and tragedy. You might believe me to be melodramatic, but I feel like I’m at siege with forces attempting to cut my dick off.
Early this morning I had a 15% gain in FEDU and then bore witness to it going black. Last week the same thing happened with BLNK. Intraday, I had an 8% gain in MNKD, closed down.
These are dark and trying times for yours truly. It feels like the Obama days of 2016, when everyone was glum and depressed, wanting to kill themselves by way of the rope.
My last 10 trades.
(KNDI-1.7%)
CCO – WASH
RIOT WASH
UPWK +1.1%
ZSAN +1.1%
SPAQ +2.5%
WATT +7.7%
SPT +2.3%
GLUU +1.3%
ONE +7%
I cannot recall the last 100% winner and that makes my eyes water. While markets are near the highs, breadth has been dreadful.
I offer you no words of encouragement or anything to assuage the pain you’re feeling, financially speaking. Things are bad and getting worse, and they’re gonna stay that way for the balance of your lives.
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no comments, sad
Plenty of complacency will do that.
The comments will come as the market goes goes down bigly.
The number of comments will peak at the bottom.
No momo no crypto.
I can fix that.
DOW has to join peers yet, before any fireworks. Old economy to the rescue.
Whatever happened to cryptofags?
Where is trumpmeister and his $LYFT.
The Dems are a bunch of race baiting whores.
The Repugs are a bunch of racist whores. No Brown peOple in the SubuRbs!!!!
WHY NOT DONE? SAd!!!!!
and sadly, this will become more and more the case as formally non-racist whites feel threatened by lawlessness and the virtue-signalling rhetoric of MSM. Why is tribal warfare being promoted?
Best technical short set up on S+P since March lows IMO – but it may fail just like the last best set-up as we remain in Neverneverland.