Being someone who is both highly intelligent and observant, I find myself in the unique position to offer you good insight into markets.
Prior to this week, the play was to buy SHIT stocks up on big volume into the next day. Buy at 3pm, sell at 10pm, rinse and repeat. But that stopped working this week. Instead, and even more degenerate than ever before, INTRA DAY RUNNERS are making traders rich as fuck. The majority of my losses are now overnighters whilst the easy wins take me 30mins to achieve.
I had a CHECKERED day, nothing too great, but I had fun — and that’s important for morale. Without morale, I’d lack motive and without motive, I’d trade poorly.
(TZA -8.5%) x2
It’s hard to defend against gap down, unless you average down — which doesn’t work all the time. It’s hard to explain what I need to see in order to double down. But it should be noted, I almost never lose.
Markets ended mixed — Dow -62, Nasdaq +32. I think we head higher some more next week, predicated on another stimulus program and COVID-19 related virus plays and social distancing. There are many trading vehicles in this post industrialized world. You just have to know where to find them.
Self promotion time. Support iBC fucked faces.