Going long here is the equivalent to going to Vegas to grow your retirement savings. With a warning out of CAT and NVDA, one would have to had suffered by a brain malady to get long now. Seeing the pot stocks higher and the Chinese stocks is part and parcel of non-correlated sectors outperforming in the midst of a storm. I sold TLRY, a bit early, but I took a profit nonetheless. Where it trades after my sale is immaterial.
With the proceeds, I bought NUGT, not because I like gold, but because I like it as a hedge against more tumult.
The world is filled with tumult. My recency bias on trading pivot points is poor, so I’ll refrain from attempting it again. However, at some point the rally will end and like all things — this too shall crumble under the pressure of hubris, an amalgamation of monsters created by higher prices, filled with wanton greed and hatred for others.
For the day, my trading account is now higher and I am not exactly pleased by it. This is a perversion of what should be — and I’m on guard even more because of it. Just 34% of stocks are higher today and the broader indices are hugging the ass-end of today’s range. An agile man might take this opportune to liquidate and step aside.
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Very curious to see what Fed has to say on Wed w/ regard to Balance Sheet burn-off. Markets would love to hear they are going to hold a bigger chunk than expected.
weedstocks up = risk still on
so buy the dip ?
FLY, you are way too much of a gambler making moves that you have no edge but doing so because of your addiction.
Now write on the wall:
HURRY UP … AND DO NOTHING.
write that 100 times as re-inforcement.