If you think for more than 10 seconds, you’ll never buy a stock again. There is nothing redeemable about the market, other than the fact it goes higher every day.
I turned green on all accounts in spite of some really negative pre market pin action and now stand before my audience with gains of the ribald nature for the month.
I’m only slightly leveraged here and view my gains as 5% houses month. Meaning: my risk tolerance is high because I can afford it. Because of this, I’m not hedging or being careful. I’m good enough to react after the fact if need be. As far as I can tell, this is a bull market and I’ll trade is like that until it stops.
We should trade down today — but that’s doesn’t mean I’ll chase it lower. I might just press the envelope and bet on another ramp, as bull markets tends to surprise to the upside when you least expect it.
Bottom line: now is not the time to be scared. That comes later.
If you enjoy the content at iBankCoin, please follow us on Twitter
Good spot to try a short on gold right here …on its move half way back to Wed highs.