I had a feeling today would poleax shorts into the ground and bust their jaws loose. My cynicism of all things obvious caused me to refrain from taking on hedges. Rolling into today, all I am long in my trading account is PG, CANG, and ZUO. Fuck you very much.
There are rumors and rumors of rumors swirling; but you only need to know one thing — stocks are rigged to go higher. During periods of dissipation, stocks are fixing to be rigged higher. On a long enough timeline, stocks trade much much higher. That’s the fucking truth and you can spray paint it on your neighbors’ walls for all I care.
Here’s what’s important to note.
I sold most of my longs yesterday in a trading account that represented 25% of my overall investable assets. The other 75% is tucked away, neatly, in a Quantitative strategy that is participating in this rally. Had I been trading all of my money, I’d be making zero right now. The cash that I have in my trading account may or may not be allocated today. But here’s the point: it is an avocation to trade. I enjoy doing it, but it’s not how I intend to build wealth. Ultimately, stocks trade higher, at least 75% of the time, on an annual basis. If we’re entering a horrible bear market, I expect to lose money in my long term account — but hopefully smart enough and agile enough to limit those losses thru keen trading in my discretionary account.
As for this rally, watch crude. It’ barely up and might mess with the mood by noon.
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USO hardly up; yet HYG up;
not too bad I guess.
Consolidation along the 50d. Pretty normal. Could go on many days, good time to be patient.
WTI was the tell. Weak sauce. Cash is best now
WTI is correlated to markets only due to programming done by human programmers. It could change at any moment in time. moreover, penny moves in USO seem to move you.
quite silly me thinks. while you are an astute trader, you also are bi-polar which inevitably makes you too too volatile. Not a good thing to be in the marketplace.
one last item… HYG IS UP; so why do you guide yourself only where USO is down by a couple of pennies??
read Helene Meisler; WE ARE WORKING OFF OUR OVERBOUGHT STATUS … so far at least.
Banned!
Sold BRKB. – more comfortable now
And just for the helluvit https://youtu.be/s3gGn6t8Bog
Shorted XBI
Can’t do the shorting thing. You men dabble in the dark arts and “go out in the mid-day sun.”
NBEV; PERFECT CHANNEL TRADING ; currently at bottom of channel.; up a bit from the bottom.
Still eating oatmeal.
Vix mocha man savage got a lot of making up todo. But fucker, is wikid fast.
https://youtu.be/0Xqa7F0qZUA
If the PPT wanted to polaxe the shorts (they do) this is the trap they would lay.
You mean unmanipulated auction market honestly seeking fair value by reflecting the collective intelligence of all participants?
Can’t rule that out.
hourly H+S top on /NQ
Bought upro. Stop is lod.
Sold UPRO. +32 cents. Scared out by selling volume.