2 Look. We all smart and savvy. Obviously, a wishy–washy approach to predicting the market is much easier and thoughtful. A great chart reader John Lee (Charts Gone Wild) has stated for almost a year that the market was not tradable, similar approach has been taken by chessnwine (although he is more balanced.) But, to make money in the market you need to make bold calls, or trade the range buying dips and selling rips. I would praise of Fly’schizophrenic style (one day high on cocaine – one day Romania bound escape). For example, last several days several stocks were ripe for bounce/upside move-market was down-but the stocks barely moved down. Today they are up significantly (e.g. INVN 15%) Those types of call distinguish a successful trader from a dividend collector. Of course this does not work all the time, but the goal is to see when the benefit is worth the risk. So please do not be so pleased with those “cautious” no trading calls.
TREND ANALYSIS
The current blog is dedicated to the trend analysis and tape reading. Unlike other blogs it DOES not focus only on the technical analysis. Rather it analyzes the whole spectrum of the market and beyond, such innovation trends, politics, and human psychology in general. As my trading experience has taught me everything counts in the market.
TREND ANALYSIS
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2 Responses to “NO “hero calls or chest pounding” required”
zenhunter
“Of course this does not work all the time”
You got that right! Making bold call feeds your ego. If you win big, your ego swell 2x bigger than your win. Enough said.
Best to just follow the market lead and make modest “cautious” call.
Cheers!
The Fly
i just removed your gratuitous Social media post.
Do a post like that again and you’re banned.